Tower Bancorp Inc. (Nasdaq:TOBC) announced that it has raised $51.2 million through a previously announced public offering by issuing 2,528,666 shares of the Company's common stock, including 329,826 shares issued pursuant to the exercise of the underwriters' over-allotment option, at a price to the public of $20.25 per share. The net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $47.8 million. Keefe, Bruyette & Woods served as sole book-running manager of the offering with Sandler O 'Neill + Partners, L.P. and Janney Montgomery Scott as co-managers.
Tower Bancorp, Inc. operates as the holding company for Graystone Tower Bank that provides a range of financial products and services to consumers, businesses, and not-for-profit customers.
SS&C Technologies Holdings, Inc. (Nasdaq:SSNC) announced that Massachusetts-based Fallon Community Health Plan (FCHP) has selected SS&C to manage and provide back office functions for their insurance investment operations. Fallon Community Health Plan is a non-for-profit health care services organization that offers affordable, comprehensive health insurance products and services for Massachusetts small and large businesses. SS&C's institutional Software-as-a-Service (SaaS) and Business Process Outsourcing (NYSE:BPO) service, SS&C Direct, will help FCHP automate its insurance investment operations and, as part of the arrangement, will reprocess all of the FCHP's 2010 activity and file their annual Schedule D.
SS&C Technologies Holdings, Inc. provides software products and software-enabled services to the financial service providers.
Crown Equity Holdings Inc. (OTCPK:CRWE)
Crown Equity Holdings Inc. announced recently that its subsidiary company, Crown Tele Services Inc. (http://www.crownteleservices.com) is still moving forward after dissolving its joint venture with Communication Expert Corporation and will gradually start rolling out its internet based voice and video service IP-PBX solutions next year.
CRWE is a consulting organization which provides and assists small business owners with the knowledge required in taking their company public, and has re-focused CRWE's primary vision with its aligned group of independent website divisions to providing media advertising services, as a worldwide online media advertising publisher, dedicated to the distribution of quality branding information, as well as search engine optimization for its clients.
To learn more about CRWE visit: http://www.crownequityholdings.com
Majestic Gold Corp. recently released the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
The most significant changes from the previous estimate are:
- Increase in Indicated tonnes by 35.34% to 33,739,586 tonnes
- Increase in Indicated contained gold by 24.09% to 1,244,211 ounces
- Increase in Inferred tonnes by 37.96% to 38,812,054 tonnes
- Increase in Inferred contained gold by 7.48% to 1,830,576 ounces
The increase in the size of the resource from 53 to 72.5 million tonnes will very significantly reduce the strip ratios to be used as Majestic continues its engineering studies on the Song Jiagou mine. Wardrop will move forward now to re-evaluate a production pit design.
Majestic continues to work with Wardrop and its sister company, Tetra Tech (Beijing) Consultancy Company Limited, (both subsidiaries of Terta Tech Inc.) to complete a Preliminary Economic Assessment, concurrent with the required Chinese Geological and Engineering studies required to apply for increased production levels at Song Jiagou. The results of these studies will ultimately culminate in a Pre-feasibility report.
The geological and technical information contained in this news release has been reviewed and approved by Greg Mosher, P. Eng, of Wardrop Engineering, and Mike Hibbitts, P.Geo., who are qualified persons under the definitions established by National Instrument 43- 101.
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic is headquartered in Vancouver, Canada.
To learn more about Majestic visit: http://www.majesticgold.net
Comcast Corporation (Nasdaq:CMCSA) announced that it doubled the amount of movies available On Demand that were released the same day as the DVD in 2010, bringing customers more than 200 “day-and-date” movies this year alone. The company also announced that in 2010 its On Demand service reached a total of 18 billion views since it launched in 2003.
Comcast Corporation, together with its subsidiaries, provides consumer entertainment, information, and communication products and services to the residential and commercial customers in the United States.
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