Eaton Vance Senior Income Trust (NYSE:EVF) a closed-end management investment company, declared a monthly distribution of $0.035 per common share. As portfolio and market conditions change, the rate of future distributions may change. The distribution is expected to be paid on February 17, 2011, to shareholders of record on February 10, 2011. The ex-dividend date is February 8, 2011.
Eaton Vance Senior Income Trust is a closed-ended fixed income mutual fund launched and managed by Eaton Vance Management. The fund invests in the fixed income markets of the United States.
General Maritime Corp. (NYSE:GMR) announced that it has entered into memoranda of agreement to sell three product tankers, the 2004-built Genmar Concord, the 2005-built Stena Concept and the 2005-built Stena Contest, to affiliates of Northern Shipping Fund Management Bermuda, Ltd., a leading alternative capital provider to the shipping and offshore oil service sectors. General Maritime will receive net proceeds totaling $61.7 million for the sale of the three vessels. The sale will fulfill the requirement under the amended bridge loan, which is expected to be repaid in the current first quarter of 2011.
General Maritime Corporation, through its subsidiaries, provides international transportation services of seaborne crude oil and petroleum products. The company's vessels are primarily available for charter on a spot voyage or time charter basis.
Proper Power & Energy, Inc. (OTC:PPWE)
Oil and gas are burned in a enormous capacity all over the world. Countries that have no oil or gas have to pay a tremendous amount of money to import it. In 2000, the USA paid out about $100 billion to bring oil into the country while Saudi Arabia made around $80 billion shipping oil to other countries.
Most governments use a license system to boost private companies to search for oil and gas in their countries. Land and sea areas that may have oil are divided into “Blocks”. These are approximate square areas usually between 5 and 20 kilometers (3 – 12 miles) wide. Companies pay money to the government to be able to lease blocks for a time period, during which they are obligated to search for oil using the latest technology.
In some cases, oil companies must sign a “production sharing contract”, in which case the government gets a percentage of any oil discovered. In all cases, the government will make gains by taxes raised from oil companies. In addition, oil and gas production creates jobs and reduces the need for imports.
Proper Power & Energy, Inc. announced recently 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. was formed in 2006 as an exploration and production company for oil and gas. PPWE is committed to utilizing a very dynamic system of research and testing, and as a result of this extensive research and testing, have selected several sites with very good to excellent potential for productivity.
To learn more about PPWE visit: http://properpower.com
Majestic Gold Corp. recently announced that Wardrop, A Tetra Tech Company, ("Wardrop") has completed and delivered a positive Preliminary Assessment ("PA" or "Preliminary Assessment") for the Songjiagou Gold Project located in Shandong Province, People's Republic of China.
"The Preliminary Assessment provided by Wardrop has exceeded our expectations and will form the basis for our continued development of the Songjiagou project," stated Rod Husband, President and CEO of Majestic.
Additionally, Majestic recently announced the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic is headquartered in Vancouver, Canada.
To learn more about Majestic visit: http://www.majesticgold.net
Giant Interactive Group, Inc. (NYSE:GA) one of China's leading online game developers and operators, announced that it will release unaudited financial results for the fourth quarter and fiscal year ended December 31, 2010 after the US market closes on Tuesday, February 22, 2011. Following release of the earnings announcement, Giant's senior management will host a conference call on February 22, 2011 at 8:00 pm (US Eastern Time) / 5:00 pm (US Pacific Time), which is February 23, 2011 at 9:00 am (Beijing Time) to discuss its 2010 fourth quarter and fiscal year financial results and recent business activity.
Giant Interactive Group, Inc. develops and operates online games in the People's Republic of China. The company focuses on massively multiplayer online (MMO) games that are played through networked game servers in which thousands of players are able to simultaneously connect and interact. Its online games include ZT Online, a two-dimensional online role-playing game.
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