DaVita, Inc. (NYSE:DVA), a leading provider of kidney care services that is committed to improving the quality of life for those diagnosed with chronic kidney disease (CKD), released a year-end recap of major achievements for the company in 2011.
DaVita Inc. provides kidney dialysis services in the United States. It offers services for patients suffering from chronic kidney failure, or end stage renal disease (ESRD).
Carlisle Companies Inc. (NYSE:CSL) announced that it has completed the sale of the non-roofing and waterproofing unit of its German company, PDT Phoenix GmbH to Datwyler Group of Altdorf, Switzerland. The business unit makes elastomer profiles for use in applications for tunnels, rail, windows and facades. Carlisle will retain the roofing and waterproofing business as the European center for Carlisle Construction Materials.
Carlisle Companies Incorporated manufactures and sells construction materials in the United States and internationally.
Equity Residential (NYSE:EQR) announced that in order to defend its interests before the court, the company has filed a motion to intervene as a party in interest in the legal proceedings between Lehman Brothers Holdings Inc. and Bank of America and Barclays Bank PLC regarding the sale to Equity Residential of an interest in the entities that control Archstone, a privately-held owner, operator and developer of multifamily apartment properties.
Equity Residential, a real estate investment trust (REIT), engages in the acquisition, development, and management of multifamily properties in the United States.
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 classified as a precious metal. The combination of gold’s relative scarcity and its evident beauty has made it an intrinsically valuable commodity throughout the history of humanity. It is most probably the oldest precious metal known to man. Wars have been fought over it and countless numbers have died trying to gain it or protect it.
Scientifically speaking, gold is an element, a metal, with an atomic number 79. Its physical and chemical properties make it ideal for a number of applications. It is very stable and as a result seldomly combines with other elements. In other words, it does not corrode or rust. It conducts electricity efficiently (only silver being a better conductor of electricity). It conducts heat very well. Gold is very malleable which means it can be hammered into shapes. Gold is so malleable that it can be hammered into a sheet so thin that light can pass through it. It is also ductile, which means it can be drawn into long, thin wires: a wire thread approximately 50 miles long can be drawn from a single troy ounce of gold (31.1 grams). It is also one of the densest metals: one cubic foot of gold weighs over 1200 pounds.
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
No comments :
Post a Comment