Bancroft Fund Ltd. (AMEX:BCV) the Bord of directors has declared its one hundred sixty-second quarterly dividend. The $0.1275 per share dividend is payable from net investment income on June 23, 2011 to shareholders of record June 9, 2011.
Bancroft Fund Ltd. is a close-ended fixed income mutual fund launched and managed by Davis-Dinsmore Management Company. The fund invests in the fixed income markets of the United States. It invests in securities of companies that operate across diversified sectors.
Majestic Gold Corp. (MJS.V)
Majestic Gold Corp. is a Vancouver-based; TSX Venture Exchange and Frankfurt Exchange listed gold exploration and Development Company with a very advanced gold deposit in Shandong province of China. At present, Majestic Gold Corp. is aggressively pursuing a pre-feasibility study.
A recently announced agreement will increase Majestic’s effective ownership from 54 to 94 % and has allowed the property to commence production at an initial rate of 1,400 tpd. With a contract that fixes operating costs and allows use of land and equipment, Majestic anticipates to have a positive cash flow, within a matter of months.
Majestic Gold Corp. is pleased to provide a progress update on the new mill construction for the company’s flagship Song Jiagou project.
The mill is in the commissioning stage and has begun running ore through the mill in order to access the efficiency of the mill. Majestic expects to run at an initial throughput rate of 3,000 tons per day and progressively move upwards towards full capacity of 6,000 tons per day once the mill is running at optimal efficiency.
Ore that has been stockpiled at the new mill in order to streamline the commissioning process is currently being processed as part of the commissioning stage. In addition, Majestic is pleased to announce that the tailings dam is fully completed and all tailings lines and water return systems are in place and now in use.
They are excited by the prospect of getting the new mill on line and being in a position to significantly increase production levels. This represents a significant milestone in their transition from exploration to production.
It is easy to overlook the critical role gold plays in important manufacturing industries, but gold has many special technical attributes that mean it is the best, if not the only, material for certain practical applications. In recent years over 400 tons of gold has been used each year in vital industrial uses, about 12% of annual demand.
Over the years there have been many different applications for gold that have become quite popular and useful. These days gold is used in almost every industry in one way or another. Dentistry is no exception to this trend as gold is commonly used in many different dentistry applications for many different reasons. There are many different benefits that come from utilizing gold opposed to other metals for dentistry applications. One of the biggest advantages is the fact that it is resistant to corrosion.
For more information, please visit their website: http://www.majesticgold.net
American Video Teleconferencing Corp. (AVOT)
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. American Video Teleconferencing Corp. is normally known for its business and efforts of exploration in Rare Earth Elements. According to the Company, it will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
REE (rare earth elements) are a group of 16 metallic elements with similar properties and structures that are essential in the manufacture of a diverse and expanding array of high-technology applications. Despite their name, they are relatively common within the earth’s crust, but because of their geochemical properties, they are not often found in economically exploitable concentrations.
REE (rare earth elements) are important ingredients in high-strength magnets, metal alloys for batteries and light-weight structures, and phosphors. These are essential components for a number of current and emerging alternative energy technologies, such as electric vehicles, photo-voltaic cells, energy-efficient lighting, and wind power. Rare earth elements are also critical for many key defense applications.
Hard-rock deposits yield the most economically exploitable concentrations of REE (rare earth elements). USGS scientists also analyzed two other types of REE deposits: placer and phosphorite deposits. Placer deposits are alluvial formations of sandy sediments, which often contain concentrations of heavy, dense minerals, some containing Rare earth elements. Phosphorite deposits, which mostly occur in the southeastern U.S., contain large amounts of phosphate-bearing minerals. These phosphates can yield yttrium and lanthanum, which are also REE (rare earth elements).
Barnwell Industries Inc. (AMEX:BRN) reported net losses of $1,463,000 ($0.18 per share — diluted) and $378,000 ($0.05 per share — diluted) for the three and six months ended March 31, 2011, respectively, due primarily to a doubling in the Company’s stock price from December 31, 2010 to March 31, 2011 which led to $1,631,000 and $1,700,000 non-cash increases in stock appreciation rights expense for the three and six months ended March 31, 2011, respectively. No tax benefits were estimated to be derived from these stock appreciation rights expenses. In the comparative prior year periods Barnwell Industries, Inc. reported net earnings of $1,490,000 ($0.18 per share — diluted) and $3,442,000 ($0.42 per share — diluted) for the three and six months ended March 31, 2010, respectively.
Barnwell Industries, Inc., through its subsidiaries, engages in oil and natural gas exploration, real estate, and contract drilling service operations. The company operates in four segments: Oil and Natural Gas, Land Investment, Residential Real Estate, and Contract Drilling.
Entravision Communications Corp. (NYSE:EVC) announced that Christopher T. Young, Executive Vice President, Chief Financial Officer and Treasurer, will be presenting at the UBS 2011 Leveraged Finance Conference in New York, NY at 4:30 p.m. EDT on Wednesday, May 18, 2011. The presentation will be made available to the public via live audio webcast which can be accessed by visiting the investor relations section of Entravision’s corporate web site at www.entravision.com.
Entravision Communications Corporation, together with its subsidiaries, operates as a diversified Spanish-language media company. It utilizes a combination of television and radio operations to reach Hispanic consumers in the United States, as well as the border markets of Mexico.
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