Axcelis Technologies Inc. (Nasdaq:ACLS) announced that its Board of Directors has approved moving forward to finalize a sale leaseback transaction for the Company’s headquarters in Beverly , Massachusetts.
Axcelis Technologies, Inc., together with its subsidiaries, designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and the Asia Pacific.
Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Gold is a highly valued precious metal that has a bright yellow color. It is seen as a symbol of a person’s wealth. Some of the facts related to Gold are:
Gold is probably the first metal that prehistoric humans had processed. The age of the gold jewelry which archaeologist found in Bulgaria can date back to 4000 BC. So, the Age of gold emerged just overlapped with the Stone Age.
The 7th century BC, gold wire was used to install false tooth by Italian dentist. Since the early 16th century, gold filling was recommended for filling the cavity. Gold with high ductility and malleability. With casting, a piece of one ounce of gold can be turned into five millionths inch thick semi-transparent gold. Or can be stretched to fifty miles long and five microns in diameter, equivalent to one-tenth of the diameter of a hair.
Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
For more information about company: www.majesticgold.net
Cray Inc. (Nasdaq:CRAY) announced that the company has been selected to provide a new supercomputer to the Academic Center for Computing and Media Studies (ACCMS) at Kyoto University in Kyoto, Japan. Cray has been chosen to deliver a 300-teraflops Cray XE6 supercomputer in 2012 and a 400-teraflops next-generation Cray supercomputer code-named “Cascade” in 2014.
Cray Inc. engages in the design, development, manufacture, marketing, and service of high-performance computing (HPC) systems, known as supercomputers.
Cardtronics Inc. (Nasdaq:CATM) announced a correction of a prior press release, “Cardtronics to Present at Bank of America Merrill Lynch Leveraged Finance Conference” issued on Nov. 28, 2011. As previously announced, the Company’s chief financial officer, Chris Brewster, will be presenting on behalf of Cardtronics at the Bank of America Merrill Lynch Leveraged Finance Conference in Orlando, Florida on Dec. 2, 2011.
Cardtronics, Inc., together with its subsidiaries, provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks.
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