MasTec, Inc. (NYSE:MTZ) announced this month it has amended its offer to exchange 100% of its currently outstanding senior convertible notes ("Old Notes") for new notes that are substantially similar in all material terms, except the new notes will have an optional physical, cash or combination settlement feature and will contain certain conditional conversion features ("New Notes"). The amendment, among other matters, reduces the minimum tender condition applicable to the exchange offer, amends certain of the conversion settlement mechanics applicable to the New Notes and extends the expiration time for the exchange offer. The full terms of the exchange offer, a description of the New Notes and the material differences between the New Notes and the Old Notes and other information relating to the exchange offer and MasTec are set forth in the amended registration statement, including the prospectus included therein, filed with the Securities and Exchange Commission on December 15, 2010.
MasTec, Inc. operates as a specialty contractor in the United States. It involves in the building, installation, maintenance, and upgrade of utility and communications infrastructure. The company builds wind farms, solar farms, and underground and overhead distribution systems, such as trenches, conduits, cable, power lines, and pipelines.
Douglas Lake Minerals Inc. (OTC:DLKM)
Douglas Lake Minerals Inc. announced that DLKM has recently received approval from its Board of Directors to both enter into and immediately close upon the terms and conditions of a certain Mineral Property Acquisition Agreement (the "Acquisition Agreement"), with IPP Gold Ltd. ("IPP Gold"), to acquire a 100% interest in four prospecting licences (the "PLs"), totaling approximately 800 square kilometres, located in the Handeni District of Tanzania and which are owned or controlled by IPP Gold and its affiliates.
Harp Sangha, CEO of DLKM, stated: "This new Acquisition Agreement with IPP Gold represents a significant step forward for the Company. Along with our new partners at IPP Gold, we will map out our new strategy and course of action over the coming weeks and months. The Handeni District has become alive with activity since the extraordinary drilling results from Canaco Resources have placed this region on the world stage. We plan to focus our energy and resources on the exploration and potential development of this new acquisition. Our aim is to direct Douglas Lake down a path towards success."
On September 13, 2010 Canaco announced significant new exploration developments including the identification of important new parallel trends of gold mineralization and discovery of a new mineralized zone five kilometres W/NW of the Magambazi Gold Discovery. Early results from the regional exploration on the Handeni Gold Trend indicate the work program has already made significant progress in identifying new gold targets and upgrading the potential of previously identified gold zones. Over the past month, the regional program has included over 3000 metres of Reverse Circulation ("RC") drilling, approximately 10,000 metres of reconnaissance Rotary Air Blast ("RAB") drilling, a detailed airborne survey, detailed mapping of some of the key target areas defined to date and geochemical interpretation. The Handeni Gold trend is now recognized as consisting of at least two, parallel gold trends with a combined strike length of over 15 kilometres.
In April 2010, TD Newcrest, A Division of TD Securities, initiated coverage of Canaco Resources and announced a speculative buy recommendation with a $1.25 target price. They now believe that $175/oz is an appropriate resource multiple given the forecast high grade/low cost nature of the ounces discovered to date by Canaco. They have revised their target price to $6 per share and maintain their speculative buy rating.
Douglas Lake Minerals Inc. offers gold mining and exploration services. DLKM is based in Surrey, Canada.
To learn more about DLKM visit: http://www.douglaslakeminerals.com
CGI Group, Inc. (NYSE:GIB) announced recently that it will continue providing managed services to Interac Association for 3 additional years. This will extend the decade long partnership until October 2013.CGI will continue to be responsible for the technology management and operations of the Interac Inter-Member Network, a national payments network for the processing of Interac Debit and Interac Shared Cash transactions. CGI also provides, under a separate agreement, managed services in support of Interac e- TransferTM and Interac Online.
CGI Group Inc., through its subsidiaries, provides information technology services (NYSE:IT) and business process services in Canada, the United States, India, Europe, and Asia Pacific. The company provides systems integration and consulting services in the areas of business intelligence and data warehousing, business transformation, change management, collaborative technologies, compliance process and reporting, customer relationship management, data management services.
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 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.
To learn about ORFG visit: http://www.orofinogold.com
Apollo Commercial Real Estate Finance, Inc. (NYSE:ARI) announced that its Board of Directors declared a dividend of $0.40 per share of common stock which is payable on January 12, 2011 to common stockholders of record on December 31, 2010.
Apollo Commercial Real Estate Finance, Inc. operates as a commercial real estate finance company in the United States. The company originates, acquires, invests in, and manages senior performing commercial mortgage loans, commercial mortgage-backed securities (NYSEARCA:CMBS), commercial real estate corporate debt and loans, and other commercial real estate-related debt investments.
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