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American Video Teleconferencing Corp. (OTCPK:AVOT)
American Video Teleconferencing Corp. 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.
China has been one of the main supplier to the US of the Earth's rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles, but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China's decision America now must look for other sources, that will be more reliable for our future needs, and AVOT may just be the new source, here's why.
AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is currently looking for these Rare Earths Minerals in Canada, the US's Northern neighbor.
AVOT is seeking a contractor to do an air borne Mag-EM radiometric survey for its present holdings and the immediate surrounding area looking for future acquisitions. AVOT is 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.
Presently AVOT is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
The 17 elements which are classified as “rare earth” are becoming an ever more crucial aspect of our everyday lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For instance, there are almost ten lbs of the rare earth element, lanthanum, in each and every Toyota Prius motor. Additionally, rare earth elements are crucial to military technologies. Contrary to the name, rare earth metals are not particularly uncommon and may be found in most any region throughout the world. In recent weeks the government made significant strides to increase production of these types of metals, as they will play a significant part in President Obama’s upgrades to US energy.
Rare-earth minerals consist of terbium, which is used in flat-panel TVs and high-efficiency fluorescent lamps; and neodymium, key to the permanent magnets in high-efficiency electric motors. Rare-earth materials are not all that unusual. The series of nonferrous metals frequently occurs in the environment. According to Design Chain Associates, the majority of rare-earth materials are as common as copper, and even the rarest, is more common than gold.
Douglas Lake Minerals Inc. (OTC:DLKM)
Douglas Lake Minerals Inc. has filed a Canadian National Instrument 43-101 Standards for Disclosure of Mineral Projects (”NI 43-101) Technical Report (the “Technical Report”) for its Handeni Project. DLKM’s 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 square kilometers in the newly developing goldfields of Eastern Tanzania. Douglas Lake filed the Technical Report with the British Columbia Securities Commission via the System for Electronic Document Analysis and Retrieval (SEDAR).
The Technical Report was prepared by Dr. Reyno Scheepers, Ph.D., Pr.Sci.Nat., a South African based consulting geologist and a director of DLKM who fulfills the requirements to be a ‘Qualified Person’ for the purposes of NI 43-101.
“The scale of work covered by the Technical Report has significantly advanced Douglas Lake’s Handeni Project,” Harp Sangha, Chief Executive Officer comments, “We now have a number of very exciting gold targets which we are a priority for us to follow up with further exploration in 2011.”
The Technical Report details the results of exploration activities conducted by IPP Resources, the previous holding company of the area. Extensive geophysical and geologic work was conducted over several field seasons from 2008. The work included prospecting, rock and soil sampling, and a ground magnetic survey. All geochemical analytical work was conducted by internationally accredited labs, SGS Laboratories and/or Humac Laboratories in Mwanza, Tanzania.
StemCells Inc. (Nasdaq:STEM) announced that it has closed the sale of 10 million shares of common stock, at a fixed price of $1.00 per share. The Company received total proceeds, net of offering expenses and placement agency fees, of approximately $9.4 million. The common stock was sold in a registered direct offering under the Company's effective shelf registration statement previously filed with the Securities and Exchange Commission. The proceeds will be used for general corporate purposes, including working capital, product development and capital expenditures, as well as for other strategic purposes.
StemCells, Inc., a biopharmaceutical company, engages in the research, development, and commercialization of stem cell therapeutics and related technologies. It develops cell-based therapeutics for the central nervous system and liver.
Dyax Corp. (NASDAQ:DYAX) and Defiante Farmaceutica S.A., an affiliate of the pharmaceutical group Sigma-Tau (Sigma-Tau), announced the expansion of their partnership to commercialize KALBITORÂ® (ecallantide) for the treatment of hereditary angioedema (NYSE:HAE) throughout Australia and New Zealand. Defiante already has rights to KALBITOR for Europe, North Africa, Middle East and Russia, while Dyax retains the rights to develop and commercialize KALBITOR in the U.S. and in other un-partnered territories. KALBITOR was approved by the U.S. Food and Drug Administration (FDA) in December 2009 and is marketed by Dyax for the treatment of acute attacks of HAE in patients 16 years of age and older.
Dyax Corp., a biopharmaceutical company, engages in the discovery, development, and commercialization of biotherapeutics for unmet medical needs with an emphasis on inflammatory and oncology indications.
Riverview Bancorp Inc. (Nasdaq:RVSB) a wholly owned subsidiary of Riverview Bancorp, Inc. to announced the hiring of Steven Plambeck as Senior Vice President and Director of Medical Banking. Plambeck will focus his marketing efforts on attaining relationships with clinics, private practices, physicians and hospital administrators. "When an individual with Steve's background expresses an interest in working with you, you jump at the opportunity," said Dave Dahlstrom, Executive Vice President and Chief Credit Officer of Riverview Community Bank. "As someone who began as a management trainee 30 years ago, launched and grew numerous corporate banking divisions, to founding a successful commercial bank, it's fair to say Steve will make a significant impact on our continued growth."
Riverview Bancorp, Inc. operates as the holding company for Riverview Community Bank that provides commercial and business banking products and services in Washington and Oregon.
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