Australia Acquisition Corp. (Nasdaq:AACOU) announced that it has priced its initial public offering of 6,400,000 units at a price of $10.00 per unit for gross proceeds of $64,000,000. Each unit issued in the initial public offering consists of one ordinary share and one warrant to purchase one ordinary share at an exercise price of $11.50 per ordinary share.
The Company’s units are expected to commence trading on November 16, 2010 on the NASDAQ Capital Market under the ticker symbol “AACOU.” The Company has granted the representative of the underwriters a 45-day option to purchase up to an additional 960,000 units to cover over-allotments, if any.
American Video Teleconferencing Corp. Signs Option Agreement
American Video Teleconferencing Corp. (Pink Sheets:AVOT) “the company”, is pleased to announce that it has signed an option agreement for three gold bearing claim blocks situated in the northern mining district of Saskatchewan, Canada.
Geared-up mining operations and expanded manufacturing schedules in Africa, Australia, Canada, Malaysia, the US, Vietnam and elsewhere, may well provide supply-chain choices to China, which controls well over 95 % of the world’s rare earths.
The U.S. House of Representatives, fearful the U.S. military could possibly become relying on Chinese-made electronics, approved H.R. 6160, the Rare Earths and Critical Materials Revitalization Act of 2010
Assays taken in 2008 on selected samples returned repeatable high grade gold values of 7gms/ton (.25oz) to 112.9gms/ton (3.99oz/ton).
The project is 1385 hectares in area and covers several documented nickel-copper and gold showings and land in proximity to lake sediment geochemical and biogeochemical anomalies.
Access to the project is currently by float or ski equipped aircraft or by helicopter to Stony Rapids which is accessible by commercial aircraft from the major cities of Saskatoon or Regina in southern Saskatchewan.
The expenditures for the 2010-2011 work program will be paid by the property owners due to an arrangement reached in the option agreement with the issuance of 1.2 million restricted shares (144).
PCM Fund Inc. (NYSE:PCM) a non-diversified, closed-end management investment company, which seeks high current income, announced its results for the fiscal quarter and nine months ended September 30, 2010.
The information provided is in accordance with generally accepted accounting principles ("GAAP"), which requires the Fund to treat amounts accrued by the Fund under swap agreements as net realized and unrealized gain (loss).
However, these amounts are treated as net income (loss) for federal income tax purposes. By using GAAP, Net Investment Income for the fiscal quarter and nine months ended September 30, 2010 was $75,362 ($0.006 per share) and $242,280 ($0.021 per share) lower, respectively, and Net Realized and Change in Unrealized Gain correspondingly higher than those figures would have been if swap amounts were treated as net income (loss) in accordance with federal income tax treatment. By using GAAP.
PIMCO Commercial Mortgage Securities Trust, Inc. operates as a closed-end, nondiversified investment management company.
Orofino Gold Corp. (ORFG.PK) is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.
Orofino Gold was founded as a private company in 2009 by former executives and management with over 50 years of combined mining exploration, finance and development experience.
Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
It has been interpreted (by Shaw 1993) that the metallogenic zonation around the La Azul workings evokes a very viable “hidden porphyry” exploration model. This interpretation and the prospectivity of the area have been confirmed by the Orofino “qualified person” as per the 43-101 rules.
Wells Fargo Advantage Global Di (NYSE:EOD) announced the dividend declaration for the Wells Fargo Advantage Income Opportunities Fund (NYSE Amex: EAD), the Wells Fargo Advantage Multi-Sector Income Fund (NYSE Amex: ERC), the Wells Fargo Advantage Utilities and High Income Fund and the Wells Fargo Advantage Global Dividend Opportunity Fund (NYSE:EOD).
The Wells Fargo Advantage Income Opportunities Fund is a closed-end high-yield bond fund. The Fund’s investment objective is to seek a high level of current income. The Fund may, as a secondary objective, seek capital appreciation to the extent it is consistent with its investment objective.
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Crown Equity Holdings Inc. (OTCPK:CRWE) has received from the company 2,000,000 shares of (144) restricted common stock of American Video Teleconferencing Corp. (OTCPK:AVOT) for 12 months IR Services and 1,000,000 shares of (144) restricted common stock for its IT services.
Crown Equity Holdings Inc. (OTCPK:CRWE) has received 500,000 shares of 144 stock in Orofino Gold Corp. (PINK SHEETS: ORFG) valued at sixty five thousand dollars, and 500,000 shares of free trading shares valued at sixty five thousand dollars from a third party (QU CUI You) for 30 days advertising.