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Siga Resources Inc (OTCPK:SGAE)
Siga Resources Inc announced that Siga has come to an agreement with Big Rock Resources Ltd. whereby the two companies will develop the Lucky Thirteen gold placer claim under a 50/50 joint venture.
Big Rock Resources Ltd. (1BR.F, ISIN CA0894851066, WKN A1JJYB www.bigrockresources.com) has agreed to fund the initial evaluation program for $400,000 USD, and provide funding up to $8.5 million USD to place the property in full production. The partners will operate Lucky Thirteen under a Joint Venture company, Lucky 13 Mining Company Ltd., owned 50/50 by Siga and Big Rock. Lucky 13 Mining Company Ltd. will be the operator. Siga has already secured the initial operating permits for the necessary rail crossing and initial test mining. Siga is currently constructing the washing and initial process plant to be used in the evaluation program. Siga's President Ed Morrow said that "Siga is most pleased to have Big Rock Resources as a Joint Venture Partner. The combined power of the partnership will facilitate the rapid development of a production operation at Lucky thirteen."
Gold's chemical symbol is Au. Gold is described and known as a precious metal. Gold is so malleable that it can be hammered into a sheet so thin that light can pass through it. It is also ductile, which means it can be drawn into long, thin wires: a wire thread approximately 50 miles long can be drawn from a single troy ounce of gold (31.1 grams).
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga's strategy targets properties that have the potential for near term production and early positive cash flow. Siga's general geographical interest is North and South America.
Please Visit Siga Resources Inc website http://sigaresourcesinc.com
American Video Teleconferencing Corp. (OTCPK:AVOT)
According to the American Video Teleconferencing Corp, it aggressively continues to search world-wide for opportunities in Precious, Base and Rare Earths metal projects in its future strategies.
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.
Today, Rare Earth materials using Europium, Yttrium, Cerium, and Terbium are in a variety of devices requiring those unique properties such as flat panel displays, LCD's, and Plasma screens. Optical lenses such as those found in digital cameras and camcorders and glass found in scanners and copiers require Lanthanum and other Rare Earths as additives. The Rare Earths unique luminescent properties allowed us to make the leap from black & white to color television many decades ago.
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.
Helios High Yield Fund Inc. (NYSE:HHY) announced that its Board of Trustees declared a monthly dividend of $0.075 per share, payable on June 30, 2011 to shareholders of record on June 17, 2011. The ex-dividend date is June 15, 2011. Based on the NYSE closing price of $10.15 on June 2, 2011, the Fund's annualized dividend yield is 8.87%.
Helios High Yield Fund Inc. is a closed-ended fixed income mutual fund launched by 40/86 Advisors, Inc. It is managed by Brookfield Investment Management Inc. The fund invests in the fixed income markets of the United States.
Met-Pro Corp. (NYSE:MPR) announced the Company's financial results for the first quarter ended April 30, 2011. Net sales for the first quarter ended April 30, 2011 were $23.4 million, the highest first quarter net sales in the Company's history, and up 5% from $22.3 million for the same quarter last year. Net income totaled $1.4 million and diluted earnings per share were $0.10 for the first quarter compared with net income of $1.4 million and diluted earnings per share of $0.10 for the same period last year. New order bookings for the first quarter were up 15% to $25.5 million compared with $22.2 million for the first quarter last year. As a result, the Company's backlog of orders as of April 30, 2011 totaled $20.1 million compared with $17.3 million last year, an increase of 16%. Substantially all of the April 30, 2011 backlog is expected to be shipped during the current fiscal year.
Met-Pro Corporation manufactures and sells product recovery and pollution control equipment for purification of air and liquids, fluid handling equipment for corrosive, abrasive and high temperature liquids, and filtration and purification products in the United States and internationally.
Health Management Associates Inc. (NYSE:HMA) announced the appointment of Pascal J. Goldschmidt, M.D. to its Board of Directors. This appointment increases the number of board members from nine to ten. Pascal J. Goldschmidt, M.D., an internationally renowned cardiologist and cardiovascular researcher, is senior vice president for medical affairs and dean of the University of Miami Leonard M. Miller School of Medicine. He also serves as chief executive officer of the University of Miami Health System, which includes three hospitals and more than two dozen outpatient facilities in Miami-Dade, Broward, Palm Beach, Monroe and Collier counties, with more than 1,200 physicians and 8,000 staff.
Health Management Associates, Inc., through its subsidiaries, engages in the operation of general acute care hospitals and other health care facilities in non-urban communities in the United States.
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