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Cleantech Transit Inc. (OTCPK:CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.
Cleantech Transit, Inc. (OTCPK:CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Some of benefits of biomass energy are:
" Biomass is very abundant. It can be found on every square meter of the earth as seaweed, trees or dung.
" It is easy to convert to a high energy portable fuel such as alcohol or gas.
" It is cheap in contrast to the other energy sources.
" It is very low in sulphur reducing the production of acid rain.
Please visit Cleantech Transit, Inc. website www.cleantechtransitinc.com.
Genesis Energy, L.P. (NYSE:GEL) announced that it has agreed to acquire for $141 million the black oil barge transportation business of Florida Marine Transporters, Inc. and its affiliates (FMT). That business is primarily comprised of 30 barges (7 of which will be sub-leased under similar terms of an existing FMT lease) and 14 push/tow boats which transport heavy refined petroleum products, principally serving refineries and storage terminals along the Gulf Coast, Intracoastal Canal and western river systems of the United States, including the Red, Ouachita and Mississippi Rivers. The barges, which have an average age of approximately three years, are double-hulled and fully compliant with the requirements of the Oil Pollution Act. The boats are modern and efficient, 13 of which have been in service three years or less.
Genesis Energy, L.P., together with its subsidiaries, operates in the midstream segment of the oil and gas industry in the Gulf Coast area of the United States. The company operates through four divisions: Pipeline Transportation, Refinery Services, Industrial Gases, and Supply and Logistics.
Orofino Gold Corp. (ORFG)
Orofino Gold Corp. President Ary Pernett and Vice President of Development Alfonso Calderon of Orofino Gold Corp. (ORFG) hosted investors interested in a firsthand look at the company's Senderos de Oro projects. These visits come as investors consider the financial commitments necessary to fund exploration and provide modern mining techniques and equipment to the area.
The group spent four days in Colombia during which they had an opportunity to tour Orofino's active mine sites at La Azul, Culo Alzado, and Buena Sena. The visit offered investors an opportunity to observe current artisanal gold production, and an in-person view of Colombia's revitalized foreign investment opportunities and stability. Following this site visit, Orofino's directors and investors are expected to prepare for the company's future funding and development needs as it continues to expand exploration at Senderos de Oro.
Orofino's strategy to become a recognized player in the Colombia mining sector began with the acquisition of the La Azul/La Estrella property in the Senderos de Oro region of Colombia; a Northern extension of South America's highly mineralized Andes Mountain Range. Development of this property has included acquisition of concessions for the surrounding lands, including adding the San Carlos and Culo Alzado properties, detailed analysis of historic geological and cultural records of the area, and regular mineral analysis of newly obtained resource samples. In addition, Orofino has acquired a database comprised of exploration and mining results from previous operators who left as a result of pre-21st century regional civil and economic instability.
Gold is used in decorations. It is very malleable so it can be beaten into gold leaves. This is how it was used in the past to decorate cathedrals, castles, towers and even whole roofs. It is still used nowadays in situations like these and also to decorate pieces of furniture and chairs. This opulence was a symbol of wealth in the past, and still is nowadays.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino's corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
International Rectifier Corporation (NYSE:IRF) announced the extension of its packaging portfolio with the introduction of a PQFN 4mm x 4mm package featuring IR's latest high-voltage gate drive ICs that delivers an ultra-compact, high density and efficient solution for a wide variety of applications including home appliance, industrial automation, power tools and alternative energy.
International Rectifier Corporation engages in the design, manufacture, and marketing of power management semiconductors. Its Power Management Devices segment provides discrete power MOSFETs for use in power supply; automotive; and notebook, industrial, and commercial battery powered applications.
Wells Fargo & Company (NYSE:WFC) said that its board of directors has elected Elaine L. Chao, the former U. S. Secretary of Labor and the first Asian Pacific American woman to be appointed to a presidential cabinet, to the company's board of directors, effective July 1, 2011. Chao will serve on the board's Finance and Corporate Responsibility committees. Her election makes her the 15th director on the company's board.
Wells Fargo & Company is a nationwide, diversified, community-based financial services company with $1.2 trillion in assets.Wells Fargo's vision is to satisfy all our customers' financial needs and help them succeed financially.
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