Global Hunter Corp. (TSX.VOB) (FSE:G5D) has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by Global Hunter to fund project expenses and for general working capital purposes.
The lender is at arm’s length from Global Hunter and will not become an insider as a result of any conversion of principal and interest. The loan principal and accrued interest will be secured by a pledge of the shares of Global Hunter’s subsidiary, Global Hunter Chile Ltda., and may be repaid without penalty or bonus on 30 day’s notice. 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. A finder’s fee equal to 6% of the loan proceeds will be paid in cash as permitted by policies of the TSX Venture Exchange and applicable securities laws. The loan is subject to acceptance by the TSX Venture Exchange.
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. Global Hunter primarily explores for gold, copper, and base and precious metals. Global Hunter was founded in 1988 and is headquartered in Vancouver, Canada.
Eline Entertainment Group Inc. (PINK SHEETS:EEGI) subsidiary Let The Good Times Roll, Inc. is pleased to announce a joint venture with the Hard Rock Hotel and Casino.
This new incentivized agreement with provides Let The Good Times Roll riders with $25-$35 in gaming chips and a $5 food voucher when booked for the Hard Rock Casino. Let The Good Times Roll, will experiment and plans to start running shuttles to the Hard Rock, charging $25-30 for round trip services. The deal is conditionally approved and subject to pending insurance verification. The company sees this as a simple administrative task, and to be resolved shortly.
Preliminary research shows strong support with the company running 14 casino runs a week, with each shuttle generating an average of $750 in revenue with 60-70% in gross profit.
Let The Good Times Roll, which provides the premier "party on wheels" experience, intends to increase revenue streams through adding standard shuttle routes and joint ventures with popular venues such as this one. Let The Good Times Roll has begun by creating Luxury Shuttles designed to travel from regionally isolated areas to populated hotspots. This includes a division of "Safety Shuttles" geared towards college students, intended to give "of-age" students the ability to enjoy nightlife without the hassle of designated drivers, parking fees, etc. These shuttles will run along a scheduled route, delivering riders to pre-contracted venues which provide customer discounts and/or incentives. Eline Entertainment Group is currently in talks to purchase competing businesses with synergy to the new business model of Let The Good Times Roll.
IntercontinentalExchange, Inc. (NYSE:ICE) a leading operator of global regulated futures exchanges, clearing houses and over-the-counter (OTC) markets, announced the launch of 39 new cleared OTC energy contracts for global oil and refined petroleum products, North American power, North American natural gas and natural gas liquids. All of the new contracts will be available for the trade date of Monday, December 13, 2010. With the products announced today, ICE will offer over 370 cleared OTC energy contracts, including more than 275 new cleared OTC contracts since the launch of ICE Clear Europe in November 2008.
IntercontinentalExchange, Inc., through its subsidiaries, operates regulated futures exchange and over-the-counter (OTC), markets, and derivatives clearing houses.
AvalonBay Communities, Inc. (NYSE:AVB) announced that it priced a $250 million offering of medium-term unsecured notes with a maturity of 2021 under its existing shelf registration statement. Interest on the notes will be paid semi-annually on January 15 and July 15, with the first payment to be made on July 15, 2011. Settlement is scheduled for November 17, 2010. AvalonBay intends to use the net proceeds of approximately $247,835,000, after underwriting discounts and other transaction-related expenses, for working capital, capital expenditures and other general corporate purposes, which may include development and redevelopment of apartment communities and repayment and refinancing of other debt.
AvalonBay is in the business of developing, redeveloping, acquiring, and managing apartment communities in high barrier-to-entry markets of the United States.
Seacor Holdings Inc. (NYSE:CKH) announced that its Board of Directors declared a Special Dividend of $15.00 per common share. The Special Dividend is payable to shareholders of record on December 14, 2010 and is expected to be paid on December 21, 2010. "The decision to pay this Special Dividend reflects the Board of Directors' belief that the Company's current liquidity position exceeds the immediate and projected needs of the business," said Charles Fabrikant, executive Chairman of SEACOR.
SEACOR Holdings Inc. owns, operates, invests in, and markets equipment for the offshore oil and gas, industrial aviation, and marine transportation industries worldwide.
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