Alterra Capital Holdings Limited (Nasdaq:ALTE) announced that Alterra at Lloyd’s has completed the transfer of the management of Lloyd’s Syndicates 2525 and 2526 to Whittington Capital Management. The transfer is subject to Lloyd’s approval. W. Marston (Marty) Becker, President and Chief Executive Officer of Alterra, said, “Alterra has only minority interests in the capital of Syndicate 2525, a specialist public and employers’ liability syndicate, and Syndicate 2526, a specialist professional liability syndicate. Therefore, the transfer of the management of those syndicates to a third party is a natural next step as we seek to support the underwriting of Alterra at Lloyd’s with our own capital.
Alterra Capital Holdings Limited, through its subsidiaries, provides specialty insurance and reinsurance products for the property and casualty market principally in Bermuda, Ireland, the United States, and the United Kingdom.
American Video Teleconferencing Corp. (OTCPK:AVOT)
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.
AVOT is pleased to announce 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.
R.R. Donnelley & Sons Company (Nasdaq:RRD) announced that it has been the first to support a mutual fund client by executing a live XBRL filing on its behalf. The documents were submitted under the "Interactive Data for Mutual Fund Risk/Return Summary" rule (Release No. 33-9006) using RR 2010 as the base taxonomy. The filing, on December 17, 2010, was for Russell Investments, a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. It included Form 485BPOS with XBRL exhibit 101.
R.R. Donnelley & Sons Company operates as an integrated communications provider offering pre-media, printing, logistics, and business process outsourcing products and services to its clients in the private and public sector worldwide.
Douglas Lake Minerals Inc. (OTC:DLKM)
DLKM recently released 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.
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
Auxilium Pharmaceuticals Inc. (Nasdaq:AUXL) announced that executive management will participate in the 29th Annual J.P. Morgan Healthcare Conference to be held January 10-13, 2011 at the Westin St. Francis Hotel in San Francisco, CA. Mr. Armando Anido, Chief Executive Officer and President, is scheduled to present an overview of the Company and its product pipeline at 4:00 p.m. PT on Tuesday, January 11, 2011.
Auxilium Pharmaceuticals, Inc. is a specialty biopharmaceutical company with a focus on developing and marketing products to predominantly specialist audiences, such as urologists, endocrinologists, certain targeted primary care physicians, hand surgeons, subsets of orthopedic.
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