American Video Teleconferencing Corp. (OTCPK:AVOT)
AVOT recently announced that it 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. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, AVOT will seek a contractor to do an air borne Mag-EM radiometric survey. This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. We are pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
The 17 elements that are classified as "rare earth" are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren't particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama's overhaul of U.S. energy.
ACCO Brands Corporation (NYSE:ABD) a world leader in select categories of branded office products, issued the following response to a lawsuit filed by Fellowes, Inc., alleging patent infringement in the paper shredder category: “We are aware that this action has been commenced against us. We intend to vigorously defend the allegations made in the lawsuit and are confident that we will continue to meet all commitments for delivery of shredder products to our customers.”
ACCO Brands Corporation designs, develops, manufactures, and markets traditional and computer-related office products and supplies principally in North America, Europe, and Australia.
Taiwan Greater China Fund (NYSE:TFC) announced that it has completed the repurchase of shares of its common stock in connection with the semi-annual repurchase offer that expired on December 10, 2010. The repurchase price per share was $7.88 (100% of the net asset value per share as determined at the close of regular trading on the Taiwan Stock Exchange on December 16, 2010, to which a 2% repurchase fee was applied, such that the net amount paid was $7.72 per share).
fTaiwan Greater China Fund is a self managed close ended equity mutual fund. It primarily invests in public equity markets of Taiwan. The fund seeks to invest across diversified sectorTaiwan Greater China Fund is a self managed close ended equity mutual fund. It primarily invests in public equity markets of Taiwan. The fund seeks to invest across diversified sectors.
Douglas Lake Minerals Inc. (OTC:DLKM)
DLKM is pleased to provide the results of the recent exploration program conducted on PLR PLR4973/2008, subsequently subdivided into four PL's (PL6742/2010, PL6743/2010, PL6744/2010 and PL6779/2010), based on the outcomes of the first phase of the continuous exploration program conducted since 2008. This exploration phase included a fixed-wing aircraft flown aeromagnetic and radiometric survey at a line spacing of 200m and a height of 80m, subsequent interpretation of data and ground follow-up. The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa.
Interpretation of aeromagnetic data was successful in delineating prominent structural features including NW-SE shear zones of which five in DLKM's property area, with a total length of 143km, are given first order priority. These shear zones and their distances within DLKM's properties are: 1 - Southwestern shear zone (31km); 2 - Kimamba shear zone (41km); 3 - Kilima Mzinga - Kwandege main shear zone (28km); 4 - Mligazi shear zone (15km); and 5 - Magambazi - Mjembe (28km) shear zone. DLKM has identified three further key elements in the delineation of gold mineralization which includes the prominence of NE-SW lineaments (seven in total), the role of SW to NE thrust planes and the use of radioelements to outline potential target areas. Three major SW to NE thrusts planes were also identified: a main thrust zone of 46km; and two additional thrusts zones of 5km and 3km each. In addition to the key elements sheath folding, open folds (2km to 10km scale) and boudinage provide additional targets with a second order priority.
The position of regional gold mining activities, as well as known gold mineralization occurrences, were utilized to test the Company's developed model for locating gold mineralization and this approach proved to be successful. Following from this DLKM considers the Kilima Mzinga - Kwandege shear zone, with a distance of 28km in PL6742, PL6779 and PL6744 as one of their primary targets, substantiated by the artisanal mining activities along the northwestern and southwestern outcrop area of the shear. In addition to the shear component along the Kilima Mzinga - Kwandege shear zone, a considerable SW to NE thrust component acted along a 25km long stretch of the shear within DLKM's property adding to the gold mineralization potential of this zone based on the current model.
To learn more about DLKM visit: http://www.douglaslakeminerals.com
Education Realty Trust Inc. (NYSE:EDR) a leader in the ownership, development and management of collegiate housing, announced it completed the sale of five student housing communities for a total price of $53.1 million. The dispositions included the sale of a group of four properties (The Gables Student Apartments in Bowling Green, Ky., and three former Place communities -- Western Place in Bowling Green, Ky., Berkeley Place in Clemson, S.C., and The Pointe at Southern in Statesboro, Ga.) totaling $38.7 million. The Company also sold one additional 590- bed community (The Reserve at Clemson in Normal, SC) for $14.4 million.
Education Realty Trust, Inc., a real estate investment trust (REIT), develops, acquires, owns, and manages student housing communities located near university campuses in the United States.
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