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Majestic Gold Corp. (MJS.V)
Gold mineralization on Song Jiaguo is hosted by a series of steeply dipping, sub-parallel north-northeast trending fault zones within upper Cretaceous conglomerates overlying Proterozoic granitic rocks. The area of Song Jiaguo is interpreted as being the higher levels of a mesothermal system where gold bearing fluids have mineralized the matrix of the host conglomerates. The gold bearing quartz veins would then likely continue too much lower levels in the system.
Gold is a soft, shiny, yellow, dense, malleable, ductile (trivalent and univalent) transition metal; gold does not react with most chemicals but is attacked by chlorine, fluorine and aqua regia. The metal occurs as nuggets of gold, or grains of gold in rocks and in alluvial deposits and is one of the coinage metals.
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Majestic Gold Corp. 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.
Highlights are as follows:
-- Net Present Value of US $525 million using a 10% discount rate.
-- Internal Rate of Return of 78.6%.
-- Payback in 1.4 years.
-- Total gold production of 2.324 million ounces (average 105,645 oz/yr) for life-of-mine.
-- Life-of-Mine strip ratio 1.87: 1 (waste to ore).
-- Mine-Life of 22 years.
The Preliminary Assessment provided by Wardrop has exceeded their expectations and would form the basis for their continued development of the Songjiagou project.
For more information about Majestic Gold Corp please visit http://www.majesticgold.net
Yamana Gold, Inc. (NYSE:AUY) announced its Board of Directors has approved an increase in the annual dividend to $0.18 per share or $0.045 per share per quarter beginning in the third quarter of 2011. This represents a 50 percent increase over the prior annual dividend of $0.12 per share, or $0.03 per share per quarter. Effective in the third quarter of 2011, shareholders of record on the established record date that will be determined on formal declaration of the dividend will receive $0.045 per share rather than the $0.03 per share that they would otherwise have been entitled to.
Yamana Gold Inc. engages in gold and other precious metals mining and related activities, including exploration, extraction, processing, and reclamation. It also explores for copper and silver properties.
HEALTHSOUTH Corp. (NYSE:HLS) announced it has amended its credit agreement and added to it a $100 million term loan. The term loan maturing in 2016 will initially bear interest at a rate of LIBOR plus 2.50 percent. In addition, the current $500 million revolver maturity will be extended to 2016 and the interest rate spread will be reduced by 100 basis points to an initial rate of LIBOR plus 2.50 percent. The Company now intends to call $335 million of the 10.75% senior notes in June 2011, instead of $285 million previously announced. The approximately $353 million of cash required to fund this call will be funded using the proceeds of the $100 million term loan, approximately $77 million of cash on hand resulting from the $120 million senior notes offering in March 2011, and borrowings under the $500 million revolver. As a result of this transaction and the initial call of the 10.75% senior notes, the Company expects interest expense and amortization of debt discounts and fees to be approximately $70 million in first half of 2011 and approximately $57 million in the second half of 2011.
HealthSouth Corporation offers inpatient rehabilitative healthcare services in the United States and Puerto Rico. The company primarily operates inpatient rehabilitation hospitals and long-term acute care hospitals, which provide treatment on both an inpatient and outpatient basis.
Stryker Corp. (NYSE:SYK) announced a definitive agreement to acquire Orthovita, Inc. (Nasdaq:VITA), a global developer and manufacturer of orthobiologic and biosurgery products through an all cash tender offer.
Orthovita competes in the $5 billion orthobiologics market and is a global leader in synthetic bone grafts with its Vitoss(NYSE:TM) product offering, and also competes in vertebral augmentation with its Cortoss(TM) product offering. In addition, the company`s Biosurgery business manufactures hemostasis products such as Vitagel(TM) which are designed to control intra-operative and post-operative bleeding. Combined, Orthovita`s product portfolio achieved sales of $95 million in 2010. The acquisition of Orthovita is highly complementary to Stryker`s existing orthobiologics offering, which is currently sold through multiple Stryker divisions. Under the terms of the agreement, Orthovita shareholders will receive $3.85 for each outstanding Orthovita share of common stock. The value of the transaction is estimated at $316 million, based upon Orthovita`s 79 million fully diluted shares outstanding as well as net debt of $12 million.
Stryker Corporation, together with its subsidiaries, operates as a medical technology company worldwide. The company operates in two segments, Orthopaedic Implants and MedSurg Equipment.
American Video Teleconferencing Corp. (OTCPK:AVOT)
American Video Teleconferencing Corp. recently announced that Wayne Lockhart, BSc. Geology, has joined the company as special geological advisor to AVOT for advancing the company's exploration programs on its newly acquired rare earth property in Quebec. Mr. Lockhart has over 35 years experience in the mining business having worked for Falconbridge and Phelps Dodge in eastern Canada, Anglo American Corp. (DeBeers) in Africa and Benguet Cons. in the Philippines. Mr. Lockhart in addition to being a lecturer at the University of New Brunswick in Geology has developed programs for the United Nations (UNDP). Mr. Lockhart is an Honorary Director of the Prospector and Developers Association of Canada (PDAC), a founding and former member of the Association of Exploration Geochemists and a Member of the Society of Economic Geologists.
Energy efficient lighting is a major application of Rare Earth Element compounds known as phosphors. A compact fluorescent lamp (CFL) uses only 30% of the power needed to produce the same light as the standard incandescent light bulb. Rare Earth Element phosphors provide the ability to match color and brightness. A significant increase in Heavy Rare Earth Element consumption is anticipated in line with move to CFL and Light-emitting diodes (LED's) lighting.
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. American Video Teleconferencing Corp is normally known for its business and efforts of exploration in Rare Earth Elements. According to the Company, it aggressively continues to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
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