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Global Hunter Corp. has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by Global Hunter to fund project expenses and for general working capital purposes.
The loan will have a two year term and loan principal will be convertible at the option of the lender in whole or in part into units (“Principal Units”) of Global Hunter until eighteen months from the date of the loan advance at the price of $0.06 per Principal Unit. Each Principal Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.10 at any time until eighteen months from the date of the loan advance. The loan will bear interest at the rate of 12% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into units (“Interest Units”) of Global Hunter until eighteen months from the date of the loan advance at the price of $0.05 per Interest Unit. Each Interest Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.075 at any time until eighteen months from the date of the loan advance.
The lender is at arm’s length from Global Hunter and will not become an insider as a result of any conversion of principal and interest. The loan principal and accrued interest will be secured by a pledge of the shares of Global Hunter’s subsidiary, Global Hunter Chile Ltda., and may be repaid without penalty or bonus on 30 day’s notice. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. A finder’s fee equal to 6% of the loan proceeds will be paid in cash as permitted by policies of the TSX Venture Exchange anACd applicable securities laws. The loan is subject to acceptance by the TSX Venture Exchange.
Crown Equity Holdings Inc. (OTCPK:CRWE)
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Crown Equity Holdings Inc. recently reported its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009. CRWE incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by CRWE.
CRWE is extending its internet footprint internationally to include the following countries; Argentina, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, New Zealand, Pakistan, Russia, Singapore, Spain, South Africa, Taiwan, United Arab Emirates and United Kingdom.
“Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business,” commented Kenneth Bosket, President & CEO of Crown Equity Holdings Inc. “Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth,” stated Bosket.
Kinetic Concepts Inc. (NYSE:KCI) announced that Ms. Catherine M. Burzik, President and Chief Executive Officer, will present at the 29th Annual J.P. Morgan Healthcare Conference in San Francisco. Ms. Burzik will address conference attendees on Monday, January 10, 2011 at 8:00 a.m. PT (11:00 a.m. ET) and will discuss plans for the company’s innovative technology, company performance, as well as strategies for continued growth. A live audio Webcast of the presentation as well as a replay will be available on KCI’s website at http://investor.kci1.com/phoenix.zhtml?c=64595&p=irol-IRHome.
Kinetic Concepts, Inc., a medical technology company, engages in the discovery, development, manufacture, marketing, rental, and sale of therapies and products for the wound care, tissue regeneration, and therapeutic support system markets in the United States and internationally.
Plum Creek Timber Co. Inc. (NYSE:PCL) will release its fourth quarter 2010 and full year 2010 earnings on Monday, Jan. 31, 2011, following the stock market close. Also on Jan. 31, the company will host a conference call to discuss these results led by Rick Holley, president and chief executive officer, at 5:00 p.m. EST (2:00 p.m. PST). A live webcast of the conference call may be accessed through Plum Creek’s Web site at www.plumcreek.com.
Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States.
Ashland Inc. (NYSE:ASH) announced that its subsidiary, Hercules Incorporated, has signed a definitive agreement to sell its pentaerythritol (NYSE:PE) business to Perstorp Polyols Inc., a subsidiary of Perstorp Holding AB. The purchase price was not disclosed. The proposed asset purchase transaction includes transfer of the pentaerythritol business, related technology and a minor amount of equipment. It does not include the manufacturing plant in Louisiana, Mo., any real estate or employees. This transaction is consistent with Ashland's strategy to focus assets and energies in core specialty chemicals product areas.
Ashland Inc. operates as a specialty chemicals company in the United States and internationally. Its Ashland Aqualon Functional Ingredients segment produces cellulose ethers; and specialty additives and functional ingredients.
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