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Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
ORFG is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. See full resume on ORFG's website.
Mr. Pernett will be responsible for all affairs of ORFG in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
ORFG and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, ORFG ’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. ORFG wish him well and success in future endeavors.
American Video Teleconferencing Corp., AVOT.PK
Rare earth elements have become irreplaceable in clean tech, for instance in hybrid and electric vehicle motors, high-efficiency lamps, solar panels and wind turbines. They even play a key role in defense technologies which include cruise missiles, radar and sonar and precision-guided weapons.
Experts warn that the U.S. depends upon China for almost all of its supply of rare earths, and has let its own rare earth production languish despite possessing about 15 % of the world’s reserves. A draft of a Chinese rare earths plan for 2009-2015 expresses that China’s own industrial requirement could soon cause restrictions or bans on the export of rare earths.
The U.S. Geological Survey (USGS) noted that 91 % of U.S. usage of rare earths originated in China between 2005 and 2008.
American Video Teleconferencing Corp., AVOT.PK recently reported that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960’s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties AVOT has under consideration in the province of Quebec.
LightPath Technologies Inc. (Nasdaq:LPTH) announced its preliminary financial results for the second quarter ended December 31, 2010.The Company reported preliminary revenue of $2.53 million for the second quarter of fiscal 2011, an increase of 14% as compared to $2.23 million for the same period of fiscal 2010. Cash as of December 31, 2010 was $1.10 million as compared to $1.46 million on June 30, 2010. For the second quarter of fiscal 2011, cash derived from operations was positive. Backlog scheduled to ship within the next 12 months was $3.3 million as of December 31, 2010, an increase of $323,000 as compared to backlog on June 30, 2010.
LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies in the United States, Europe, North Africa, and Asia. It offers precision molded glass aspheric optics, precision molded infrared molder optics, isolators, proprietary fiber-optic collimators, GRADIUM glass lenses, and other optical materials used to produce products that manipulate light.
Valence Technology Inc. (Nasdaq:VLNC) announced financial results for its fiscal 2011 third quarter and nine months ended December 31, 2010.Revenue increased 234% to $13.8 million, compared to $4.1 million in the third quarter of fiscal 2010.Gross margin increased to 20%, up from 12% in the year-ago quarter.Operating loss narrowed to $1.2 million, compared to a loss of $4.3 million in the year-ago quarter.Net loss available to common shareholders decreased to $2.0 million, or $0.01 per share, compared to a loss of $5.6 million, or $0.04 per share in the year-ago quarter.On a sequential basis, the Company experienced a 9% growth in revenue while its gross margins remained essentially flat at 20% compared to the second quarter of fiscal 2011.
Valence Technology, Inc. develops, manufactures, sells, and supplies high-energy power systems in the United States and internationally. The company primarily offers U-Charge energy storage system, a suite of products based on proprietary lithium iron magnesium phosphate technology.
Anadys Pharmaceuticals Inc. (Nasdaq:ANDS) announced that dosing has begun in the Phase IIb study of ANA598 in combination with pegylated interferon and ribavirin in hepatitis C patients. ANA598, the Company's direct-acting antiviral, is being tested in both treatment-naive patients and patients who failed a prior course of HCV therapy with interferon and ribavirin. Approximately 275 patients are expected to be enrolled in the study. The primary endpoint of the study is Sustained Virological Response 24 weeks after patients complete treatment, known as SVR24.
Anadys Pharmaceuticals, Inc., a biopharmaceutical company, engages in developing medicines in the areas of hepatitis C. It develops ANA598, a small-molecule non-nucleoside inhibitor of the NS5B polymerase for the treatment of hepatitis C; and ANA773, a Phase I trial product, an oral toll-like receptor 7 for the treatment of hepatitis C and cancer.
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