Bank of America Corporation (NYSE:BAC) announced that they have entered into a formal agreement in which BofA Merrill will utilize AEGON’s commercial real estate lending expertise and significant industry relationships to source new lending opportunities that BofA Merrill can utilize in its securitization program.
“We’re excited about this new relationship,” said Steve Myers, executive vice president, head of real estate credit at AEGON. “BofA Merrill is one of the industry’s leading issuers of commercial mortgage-backed securities and we think this will be a beneficial relationship for both of us.”
Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses.
Douglas Lake Outlines Gold Exploration Targets
Douglas Lake Minerals (OTCBB:DLKM) has provided an update regarding its recently acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania.
Douglas Lakes’ is 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 km(2) which are directly adjacent to, and partly surround, Canaco Resources Inc’s (V.CAN) 200 km(2) Kilindi license which holds the Magambazi gold mineralization occurrence.
Douglas Lake Successfully Delineates Structural Controls on Gold Mineralization in the Four Handeni Project PLs
This exploration phase included a fixed-wing aircraft flown aeromagnetic and radiometric survey at a line spacing of 200m and a height of 80m, subsequent interpretation of data and ground follow-up. The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa.
Interpretation of aeromagnetic data was successful in delineating prominent structural features including NW-SE shear zones of which five in the Company’s property area, with a total length of 143km, are given first order priority. These shear zones and their distances within the Company’s properties are: 1 - Southwestern shear zone (31km); 2 - Kimamba shear zone (41km); 3 - Kilima Mzinga - Kwandege main shear zone (28km); 4 - Mligazi shear zone (15km); and 5 - Magambazi - Mjembe (28km) shear zone.
The Company has identified three further key elements in the delineation of gold mineralization which includes the prominence of NE-SW lineaments (seven in total), the role of SW to NE thrust planes and the use of radioelements to outline potential target areas.
Three major SW to NE thrusts planes were also identified: a main thrust zone of 46km; and two additional thrusts zones of 5km and 3km each. In addition to the key elements sheath folding, open folds (2km to 10km scale) and boudinage provide additional targets with a second order priority.
Douglas Lake Minerals is focused on exploring for gold on its two strategically located properties – the Handeni Gold Project and the Mkuvia Alluvial Gold Project. The 800 square kilometer Handeni is located directly adjacent to Canaco’s highly prospective Handeni Gold Project (CAN.V). The 380 square kilometer Mkuvia alluvial gold property is being developed by joint-venture partners.
More about DLKM at: www.douglaslakeminerals.com
CAE Inc (NYSE:CAE) announced that they have signed an agreement pursuant to which CAE will acquire CHC Helicopter's helicopter flight training operations including four full-flight simulators located in Norway, United Kingdom and Canada.
Upon closing, CAE will become CHC's long-term partner and will provide training to its more than 2,000 helicopter pilots and maintenance engineers. The training partnership also includes general training, pilot provisioning and certain search and rescue training in support of CHC's global fleet. The transaction is subject to customary closing conditions.
After closing, CAE's global training network will include new training locations in Stavanger, Norway and Aberdeen, United Kingdom, as well as increased training capacity in Vancouver, Canada.
CAE Inc., together with its subsidiaries, designs, manufactures, and supplies simulation equipment and services, and develops integrated training solutions to the military, commercial airlines, business aircraft operators.
GreenHouse Holdings, Inc., (OTCQB:GRHU) released that it has been engaged to utilize Southern California Edison’s (SCE) Automated Demand Response (Auto-DR) program in Gulfstream Aerospace Corporation’s Long Beach, CA facility.
GreenHouse is a qualified service provider of SCE’s Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies and complete processing of all incentives.
The Auto-DR program offers significant financial incentives and technical support to SCE customers with automated load control systems that participate in demand response events.
Auto-DR uses control systems to automatically achieve specified energy demand reductions (kW and duration) during periods of peak energy consumption. In utilizing the Auto-DR system, Gulfstream will reduce electric consumption during costly peak energy periods when the demand is highest. Additionally, the system provides Gulfstream the ability to reduce operating costs by curtailing the use and purchase of electricity. Gulfstream will then receive financial incentives from SCE.
Western Asset Global Partners Income Fund Inc. (NYSE:GDF) announced the results of the votes cast at the Fund’s annual meeting of shareholders held on December 10, 2010. Daniel P. Cronin and Dr. Riordan Roett were elected as Class I Directors of the Fund by shareholders of the Fund’s common stock to hold office until the annual meeting of shareholders in the year 2013 or thereafter when respective successors are duly elected and qualified.
Western Asset Global Partners Income Fund Inc., is a non-diversified closed-end management investment company that is advised by Legg Mason Partners Fund Advisor, LLC, a wholly owned subsidiary of Legg Mason, Inc.
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