Orofino Gold Corp. is a US (Nevada) company established for the purpose of creating a significant exploration and mining group operating in Colombia.
The major criteria for selection of properties will include:
- Significant historical production
- Favorable geology for hosting major ore bodies
- Significant property area for large target exploration
- Recent results available
- Favorable infrastructure and access to allow mine development
- Receptive local government and populace.
- In addition Orofino has acquired a database comprised of exploration and mining results from previous operators who left when the global mining sector experienced a major downturn in the 1997-2000 time frame.
All properties meet the above criteria outlined above.
The second part of ORFG's strategy to become a recognized player in the Colombia mining sector was the acquisition of an interest in an operating mine. ORFG has acquired a 55% interest in the La Azul/La Estrella property with the rights to acquire up to 80%.
To become a 100,000 ounce gold producer from first mine and to replicate this on each of the current optioned properties.
The vision of Orofino Gold Corp.:
- To become a good Joint Venture Partner
- To become a premier Mid Tier precious metals mining operation in Colombia
- To fast track first mine to commercial production.
Intrinsic, and essential, to this vision is ORFG's moral, ethical and social commitment to develop the communities related to the projects.
La Azul - Senderos de Oro Area
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by ORFG, 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.
ORFG will move ahead aggressively in the last quarter of 2010 to persue the current interpretations, work programs and drilling will begin soon.
To learn about ORFG visit: http://www.orofinogold.com
CBS Corporation (NYSE:CBS) announced that its Board of Directors has approved a quarterly dividend on the Company's common stock of $.05 per share. The dividend is payable on January 1, 2011 to shareholders of record as of December 10, 2010. CBS Corporation operates as a mass media company in the United States and internationally.
CBS Corporation is a mass media company with constituent parts that reach back to the beginnings of the broadcast industry, as well as newer businesses that operate on the leading edge of the media industry.
LMP Corporate Loan Fund Inc. (NYSE:TLI) announced a monthly distribution of $0.0525 per common share for November 2010. The Fund had previously paid a monthly distribution of $0.0510. In declaring the new rate, the Fund has increased its distributions to a level that better reflects the current level of net investment income available from its investment portfolio.
LMP Corporate Loan Fund, Inc. is a close ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It is co-managed by Citigroup Alternative Investments LLC.
GreenHouse Holdings, Inc., is in the process of completing the necessary steps to Up-List its shares to a senior U.S. stock exchange. In order to facilitate the transition, GRHU established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors.
"Graduating to a senior U.S. exchange is a high priority for the company given the progress we have made in securing multiple contracts with the U.S. Military and Fortune 100 industrial customers," said John Galt, GRHU Founder & Executive Chairman. "We believe transitioning to a larger exchange is the next logical step in the Company's future growth and will allow us to gain exposure and be recognized by a broader segment of the investment community. We have witnessed that a number of companies which Up-List to national exchanges experienced impressive increases in liquidity. GreenHouse is confident that now is the appropriate time to move to a senior exchange, as our operations have increased both domestically and abroad. The Up-Listing will allow us to attract additional investors as we strive to improve shareholder value."
The Board of Directors has now announced that they have made the following appointments in advance of the planned Up-Listing:
- Sy Siegel as the Chair of the Audit Committee;
- Charles Allured as the Chair of the Compensation Committee; and
- General Floyd Trogden as the Chair of the Nominating Committee.
GRHU, through its subsidiary, R Squared Contracting, Inc., provides energy efficiency products and technologies to the residential, commercial, and industrial building markets. GRHU also offers ethanol fuel and ethanol production technologies to residential, corporate, and government customers. In addition, GRHU distributes E-Fuel MicroFueler, as well as ethanol production systems to produce ethanol using sugar, algae or waste from distilleries and breweries. Further, GRHU operates an aquaponic, vegetable, and fish farm for residential customers, and the food and restaurant industry. GRHU supplies its products through outsourced manufacturers and assembly from third-party subcontractors. GRHU was founded in 2007 and is headquartered in San Diego, California.
To learn more about GRHU visit: http://www.greenhouseintl.com
Tower International, Inc. (NYSE:TOWR) a leading integrated global manufacturer of engineered structural metal components and assemblies, announced its third quarter 2010 results. Adjusted EBITDA of $39.1 million for the quarter compared with $45.9 million in the third quarter of 2009. This decline was consistent with the guidance provided in the company’s S-1 filing prior to the investor roadshow. Third quarter 2009 results were unusually strong because of non-recurring benefits totaling about $9 million related to recoveries for customer-funded tooling, worker’s compensation, and below-normal bonus expense. Net loss of $13.0 million for the quarter compared with a net loss of $9.9 million in the third quarter of 2009.Revenue for the quarter was $475 million, compared with $436 million in the third quarter 2009.
Tower International, Inc. operates as an integrated manufacturer of engineered structural metal components and assemblies to automotive original equipment manufacturers (OEMs) worldwide.
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