AVOT, American Video Teleconferencing Corp., AVOT.PK
AVOT recently reported that it has signed an option agreement to acquire two claim blocks in townships of Mekinac and Lajuene, Province of Quebec. These claim blocks are approximately 3600 acres in total and are located 120 miles east of Montreal P.Q. and 50 miles north of Three Rivers P.Q. They are accessible year round with infrastructure in the immediate vicinity. The claims adjoin a property that had one of the highest readings of Rare Earths in North America. Sampling in the 1950s gave readings of 48% combined Cerium, Lanthanum, Neoymium and Yttrium. That property has remained dormant for over 50 years but the new owners plan an extensive exploration program this fall.
The company, after a lengthy search and after careful due diligence, believes this is going to be one of the most active areas for Rare Earths exploration and our holdings are in the same geological setting as the 48% Rare Earths showing.
AVOT recently has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings.
China is the world's largest producer of rare earth elements, most of which are used in modern technology, such as new energy sources and hybrid cars. It announced in July that it will cut exports for minerals used to make hybrid cars and televisions by 72 percent in the second half of the year.
China has started to severely restrict the exports of rare-earth materials, which often find use in “green” technology designs, including hybrid vehicles and energy-efficient lighting, as well as in the medical, defense, and consumer markets. The country delivers nearly 100% of the world’s rare-earth materials: 17 metals that are somewhat hard to refine and that tend to occur in the same ore deposits. The cutbacks have resulted in shock waves through the electronics industry and could force design changes in the near future.
Constraints on Chinese exports are creating opportunities for non-Chinese projects
Interface Inc. (Nasdaq:IFSIA) recently reported the successful completion of the previously announced private offering of $275,000,000 aggregate principal amount of 7 5/8% senior notes due 2018. The net proceeds from the sale of the notes were used in connection with the Company's repurchase of substantially all of its 11.375% Senior Secured Notes due 2013 and 9.50% Senior Subordinated Notes due 2014, for which the Company's previously announced tender offer expired on December 2, 2010.
Interface, Inc. engages in the design, production, and sale of modular and broadloom carpets, and other floor covering products for the commercial, institutional, and residential markets primarily in the Americas, Europe, and the Asia-Pacific. Its products are used in corporate offices, retail spaces, government institutions, schools, healthcare facilities, tenant improvement spaces, hospitality centers, residences, and home office spaces.
Ameristar Casinos Inc. (Nasdaq:ASCA) recently reported that Andrew Hamblen, a gaming industry professional with nearly 25 years of leadership experience, has been promoted to Senior Vice President and General Manager of Ameristar Casino Resort Spa Black Hawk.
Ameristar Casinos, Inc. develops, owns, and operates casinos, and related hotel, food and beverage, entertainment, and other facilities in the United States. The company primarily provides slot machine plays, as well as offers table games, including blackjack, craps, roulette, and poker. Its signature dining concepts include steakhouses, buffets, and casual dining restaurants with sports bars.
MarketAxess Holdings Inc. (Nasdaq:MKTX) recently reported total monthly trading volume for November 2010 of $33.2 billion, consisting of $19.6 billion in U.S. high-grade volume, $3.7 billion in eurobond volume, and $9.8 billion in other volume. This data can be accessed on MarketAxess' website.
MarketAxess Holdings Inc., through its subsidiaries, operates an electronic trading platform that allows investment industry professionals to trade corporate bonds and other types of fixed-income instruments. Its multi-dealer trading platform allows its institutional investor clients to request executable bids or offers from its broker-dealer clients and execute trades with the broker-dealer of their choice.
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