Global Hunter Corp. (GBLHF.PK)
Copper is strong but malleable and an outstanding conductor. Its conductive qualities are linked to molecular structure, which in the case of copper, is quite loose. With 29 protons in each copper molecule’s nucleus, it contains one free-floating electron which easily conducts heat and electricity through the metal. Copper electric wires work well for the same reason copper pans do. Copper, often praised as the ultimate culinary metal, has characteristics which make it very desirable for cooking. Because it is such a good heat conductor, heat is transferred from flame or coil throughout the pan base and up the sides.
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear and/or alteration zones sampled total of 13.5 kilometers of strike length along know copper bearing shear and alteration zones tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified, however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information http://www.globalhunter.ca/homeabout.html
ORBCOMM, Inc. (Nasdaq:ORBC) announced that Elon Musk, well-known high-tech visionary, entrepreneur and philanthropist, will serve as a keynote speaker at ORBCOMM’s 2011 Global Solutions Conference at the Park Hyatt Aviara in Carlsbad, CA, from October 12-14. Mr. Musk will join Captain James Lovell, NASA legend and commander of Apollo 13, who will also be a keynote speaker at the conference.
ORBCOMM Inc., a satellite-based data communication company, operates a two-way wireless data messaging system optimized for narrowband data communications in the United States and internationally.
Dot Hill Systems Corp (Nasdaq:HILL) announced Stratus Technologies has selected the Dot Hill 3000 Series next-generation storage platform for their ftScalable storage line to address the continuous availability data management requirements for mission-critical applications in the financial services, healthcare, manufacturing, public safety, government, and travel & transportation sectors.
Dot Hill Systems Corp. designs, manufactures, and markets a range of software and hardware storage systems for the entry and midrange storage markets worldwide.
MAJESTIC GOLD CORP (MJGCF.PK)
Gold has been used for centuries for jewellery and decoration. In addition to the more familiar rings, brooches, necklaces, and ear rings, gold is used as gold leaf for decoration and protection, screen printing (directly on to bone china, earthenware, porcelain, and glass surfaces or decals). Gold is a really useful metal for electronics because of its inertness and physical properties. Gold is used for electrical contacts, spring contacts, bonding wire, solder alloys, bonding wire, bumping wire, electroplating, and sputtering targets. Gold is also a useful brazing material. Gold is used for coating space satellites, as it is a good IR reflector and is inert.
MAJESTIC GOLD CORP (MJGCF.PK) 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 (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
For more information about MAJESTIC GOLD CORP. Visit its website: http://www.majesticgold.net
Arotech Corp. (Nasdaq:ARTX) announced that its Battery and Power Systems Division’s new SWIPES product had been named one of the U.S. Army’s ten greatest inventions of 2011.
Arotech Corporation, together with its subsidiaries, provides defense and security products. It operates in three divisions: Training and Simulation, Battery and Power Systems, and Armor.
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