McMoRan Exploration Co. (NYSE:MMR) announced it will hold a special meeting of its stockholders on December 30, 2010, to vote on the issuance of common stock to Plains Exploration & Production Company (NYSE:PXP) in connection with McMoRan’s proposed acquisition of PXP’s shallow water Gulf of Mexico (NYSE:GOM) shelf assets and the issuance of convertible preferred stock to Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX).
Stockholders who hold shares of McMoRan common stock at the close of business on November 15, 2010, the record date of the special meeting, will be entitled to vote at the special meeting.
McMoRan Exploration Co., through its subsidiary, McMoRan Oil & Gas LLC, engages in the exploration, development, and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area of the United States.
Majestic Gold Corp. (TSX.V:MJS) 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.
On April 23, 2010, Majestic released an updated NI 43-101- compliant, indicated and inferred gold resource estimate on its Song Jiagou property. At present, Majestic 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.
Song Jiaguo Project
The Song Jiaguo Property is located on the Jiaodong Peninsula in Muping County, the Shandong Province, the People’s Republic of China. The property lies on the western edge of the Muping-Fushan Gold Belt, which hosts 20% of the known gold deposits on the Jiaodong Peninsula.
Gold production from the entire peninsula accounts for over 25% of China’s annual gold production, presently estimated to be 288 tonnes or 9.3 M ounces. Gold deposits in the belt are commonly controlled spatially by fault zones.
To the south of the property, the Pengjiakuang Gold Deposit (>650,000 oz) occurs in the same structural environment within Cretaceous Laiyiang conglomerates which underlie the Song Jiaguo Property.
- Situated in a well-known Gold Belt
- Existing NI 43-101 Resource Estimate (2.5 M ounces)
- In production - 1,400 tpd operation
- Mill expansion program underway = an increase in production within six months
- Contract mining = low production cost
- Management with proven track record
- Excellent entry point = low market cap
For more information about this company please visit http://www.majesticgold.net/
Calamos Global Total Return Fund (NYSE:CGO) Calamos Investments announced the declaration of monthly distributions on each common share for its five closed-end funds. Monthly distributions offer shareholders the opportunity to accumulate more shares in a fund via the automatic dividend reinvestment plan.
For example, if a fund's shares are trading at a premium, distributions will be automatically reinvested through the plan at NAV or 95% of the market price, whichever is greater; if shares are trading at a discount, distributions will be reinvested at the market price through an open market purchase program. Thus, the plan offers current shareholders an efficient method of accumulating additional shares with a potential for cost savings. Please see the dividend reinvestment plan for more information.
Calamos Global Total Return Fund is a closed ended balanced mutual fund launched by Calamos Asset Management Inc. It is managed by Calamos Advisors LLC. The fund invests in the public equity and fixed income markets across the globe.
SavWatt USA, Inc. (OTC:SAVW)
SavWatt USA, Inc. pioneers in LED lighting and the Green revolution, announced recently that in cooperation with the City of Baltimore, SAVW will receive grant funds from the Maryland Energy Sector Grant. This million dollar grant will offer companies the ability to take LEED certification classes.
LEED is an internationally recognized green building certified program. LEED certification important as many new construction and government projects are required to meet LEED standards. It is imperative for building owners, designers, construction firms and real estate developers to further develop their professional skills by obtaining LEED certification. SAVW has teamed up with the leaders in LEED training, Clean Edison, to offer this LEED AP certification at SAVW’s Baltimore, MD headquarters.
In other company news, SavWatt USA, Inc. recently announced that it has become an approved member of Energy Star. Having the Energy Star label will enhance the SavWatt USA Inc. brand to the public. Energy Star is a government backed program that helps businesses and individuals protect the environment through superior energy efficiency.
SAVW has also been registered with the DOE (Department of Energy) and its Lighting Facts Label. This latest accomplishment along with the launch of its factory for LED tubes in January 2011 has made SAVW THE leader and brand in LED lighting.
SAVW is leading the LED lighting revolution and setting the stage to obsolete the incandescent light bulb through the use of energy-efficient, environmentally friendly LED lighting.
SAVW is a market-leading innovator of LED lighting. SAVW ’s product families include LED fixtures, bulbs, Street Lights and Parking Lights. To hear Recorder updates on SAVW Text SAVW to 46800.
For more information about this company please visit http://www.savwatt.com
Brown Shoe Co. Inc. (NYSE:BWS) reported financial results for the 13-week period ended October 30, 2010. Net sales for the third quarter increased 14.5 percent from the third quarter of 2009 to a record $716.1 million. Net earnings attributable to Brown Shoe Company, Inc. (hereafter "net earnings") were $18.6 million, or $0.42 per diluted share, compared to net earnings of $16.3 million, or $0.38 per diluted share, in the third quarter of 2009.
On an adjusted basis, excluding charges related to the Company's information technology initiatives, net earnings were $19.8 million, or $0.45 per diluted share, compared to net earnings of $17.7 million, or $0.42 per diluted share in the third quarter of 2009.
Brown Shoe Company, Inc. operates as a footwear retailer and wholesaler. The company provides a range of licensed, branded, and private-label casual, dress, and athletic footwear products to women, men, and children.
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Crown Equity Holdings Inc. (OTCPK:CRWE) has received twenty-five thousand dollars in cash from Majestic Gold Corp. (TSX Venture Exchange (TSX.V:MJS) and the Frankfurt Stock Exchange (FSE:MJT)) for 30 (thirty) days of advertising, as well as for assistance in becoming a fully reporting publicly trading Bulletin Board company.
Crown Equity Holdings Inc. (OTCPK:CRWE) has received five thousand dollars and anticipates receiving another forty five thousand dollars in cash from a third party for (thirty) days of advertising for SavWatt USA, Inc. (OTC:SAVW).