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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)
Crown Equity Holdings Inc. (OTCBB:CRWE) (http://www.crownequityholdings.com) just recently announced 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.
The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.
Commenting on the venture, Kenneth Bosket, president said, “We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice.”
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
With the growth of information on the internet has growth the amount of time people spend on it, which has in turn generated a new market for internet advertising. Some of the wealthiest companies in the world have made sure that they get a piece of the internet marketing pie, and for a good reason.
Gainsco Inc. (AMEX:GAN) announced its Board of Directors approved the voluntary suspension of its duty to file reports with the Securities and Exchange Commission (the "SEC") and the voluntary deregistration of its common stock. These actions will result in the Company's common shares no longer being listed on the NYSE Amex and the Company no longer being a reporting issuer to the SEC. The Company is eligible to suspend its reporting obligations and deregister its common stock because there are fewer than 300 holders of record of the Company's common stock.
GAINSCO, INC., through its subsidiaries, engages in the property and casualty insurance business focusing on the nonstandard personal auto market. Its products include coverage for third party liability, and bodily injury and physical damage, as well as collision and comprehensive coverage for theft, physical damage, and other perils for an insured’s vehicle.
Pernix Therapeutics Holdings, Inc. (AMEX:PTX) announced the execution of an exclusive co-promotion agreement with ParaPRO LLC for a medication to treat head lice (pediculosis capitis) in humans. A new drug application for the prescription product is currently under review by the United States Food and Drug Administration (FDA). The proposed medication contains the active ingredient Spinosad, which is derived from a naturally occurring soil bacterium.
Pernix Therapeutics Holdings, Inc., a specialty pharmaceutical company, engages in the acquisition, development, marketing, and distribution of branded pharmaceutical products to meet unmet medical needs, primarily in pediatrics. It branded product families include CEDAX, Brovex, Aldex, Pediatex, ReZyst, QuinZyme, and Z-Cof.
Oilsands Quest, Inc. (AMEX:BQI) has entered into an equity distribution agreement ("Agreement") with Knight Capital Americas, L.P. ("KCA"), a subsidiary of Knight Capital Group, Inc. Under the terms of the Agreement, Oilsands Quest may offer and sell shares of its common stock by way of "at-the-market" distributions on NYSE Amex, up to a maximum of US$20 million over the next 12 months, through KCA as sales agent. The shares will be distributed at market prices prevailing at the time of each sale; prices may therefore vary between purchasers and during the period of distribution. The timing and price of any sale of shares and the number of shares actually sold are at the discretion of Oilsands Quest and the number of shares sold on any given day is expected to be relatively small compared to the total volume of shares traded.
Oilsands Quest Inc., a development stage company, engages in the acquisition, exploration, and development of natural resource properties in Canada. It holds interests in the oil sands deposits in the provinces of Saskatchewan and Alberta.
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