The Board of Directors of First Citizens BancShares Inc. (Nasdaq:FCNCA) today declared a quarterly dividend of 30 cents per share on the Class A and Class B common stock. The dividend is payable April 4, 2011, to shareholders of record March 21, 2011.
First Citizens' stock is traded over-the-counter, and Class A is quoted on the NASDAQ National Market System under the symbol FCNCA.
First Citizens BancShares, Inc. operates as the holding company for First-Citizens Bank & Trust Company and IronStone Bank that offer full-service banking services for retail and commercial customers. The company offers transaction and savings deposit accounts, commercial and consumer lending, trust, asset management and broker-dealer, insurance, and other commercial banking services. It also operates as a broker-dealer in securities that provides investment services, including the sale of annuities and third party mutual funds, as well as provides title insurance agency services. In addition, the company owns and leases real estate properties. As of December 31, 2009, it operated 431 locations in North Carolina, Virginia, West Virginia, Maryland, Tennessee, Florida, Georgia, Texas, Arizona, California, New Mexico, Colorado, Oregon, Washington, Oklahoma, Kansas, Missouri, and Washington, D.C. The company was founded in 1893 and is headquartered in Raleigh, North Carolina.
Location & Infrastructure
Strategically located in the underexplored Buena Seña – St. Martin de Loba Gold District, discovered in the mid 1980's.
Current focus on the Senderos de Oro/Sur de Bolivar area.
Established infrastructure includes:
- road accessible
- electric power
- skilled workforce
- water readily available
Elevation ranges from 75 to 375 meters enabling year round work.
La Azul - Senderos de Oro Area
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by ORFG, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
It has been interpreted (by Shaw 1993) that the metallogenic zonation around the La Azul workings evokes a very viable "hidden porphyry" exploration model. This interpretation and the prospectivity of the area have been confirmed by the Orofino "qualified person" as per the 43-101 rules.
ORFG will move ahead aggressively in the last quarter of 2010 to persue the current interpretations, work programs and drilling will begin soon.
Orofino Gold Corp. engages in acquisition, exploration, and development of gold properties in Mexico and Colombia. ORFG has an option to acquire properties in the Sur de Bolivar Department of Colombia South America. ORFG was formerly known as SNT Cleaning, Inc. and changed its name to Orofino Gold Corp. in December 2009. ORFG was founded in 2005 and is based in Central, Hong Kong.
To learn about ORFG visit: http://www.orofinogold.com
Proper Power & Energy, Inc. (OTC:PPWE)
America needs an equally balanced energy policy that helps promote energy efficiency, conservation and a greater supply of all forms of energy, including domestic oil and natural gas. The industry has proven it can make these resources safely and in an environmentally responsible manner in all areas, including on non-park federal lands.
Producing these resources from federal lands is vital to providing energy resources that are vital to grow the U.S. economy, enhance U.S. energy security, stimulate the creation of new high-paying American jobs, increase funds to the federal, state and local governments and improve the U.S. balance of trade.
Proper Power & Energy, Inc. announced this month that its wholly owned subsidiary, American Resources, Inc. (NYSE:ARI), has begun production on its 87.5 acres in Western Kentucky.
ARI has completed the re-work on all 4 wells, with those wells online and pumping. "This is an exciting day for us," stated Proper Power President, Andrew Kacic. "This is the beginning of production for Proper Power in Kentucky, and we look forward to increasing our presence."
About Proper Power & Energy:
Proper Power & Energy, Inc. is an independent exploration and production company. PPWE's operations are in Kentucky, which provides for low risk developmental drilling and production, and Utah, which PPWE controls over 11,000 acres for its exploratory prospect. Renowned geophysicist and consultant to PPWE, Robert Dunbar, believes the Utah prospect could hold up to one billion barrels of recoverable oil.
To learn more about PPWE visit: http://properpower.com
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