Molex Inc. (Nasdaq:MOLX) will report September Quarter earnings on October 25, 2011. Molex Incorporated will release September Quarter Earnings on Tuesday, October 25, 2011 at 6:30am central. A conference call will be held at 7:30am central. The call can be accessed through internet or telephone.
Molex Incorporated, together with its subsidiaries, engages in the design, manufacture, and sale of electronic components worldwide.
Global Hunter Corp. (GBLHF.PK)
Copper is a chemical element with atomic number 29. Copper is a ductile metal that is a very good heat and electricity conductor. Pure copper is soft and malleable and has a pinkish color. Copper has been commonly used since the Copper Ages. Copper is one of the oldest metals that have been used by man. There are many industrial uses of copper, as well as, everyday uses of copper. There are many industrial uses of copper, due to its high ductility, malleability, thermal conductivity and resistance to corrosion. It ranks third after iron and aluminum in the amount of quantities consumed for industrial purposes. It is alloyed with nickel and used in form of cupronicklel and monel for shipbuilding.
The main uses of copper are in the construction industry. Copper is used for plumbing, roofing and cladding. Copper is a light and durable metal that helps build maintenance free structures. It has anti-microbial properties that help in providing hygienic surfaces in hospitals and other healthcare facilities.
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
Sun Hydraulics Corp. (Nasdaq:SNHY) has announced a $0.09 per share cash dividend on its common stock. The dividend is payable on October 15, 2011, to shareholders of record as of September 30, 2011.
Sun Hydraulics Corporation and its subsidiaries engage in the design, manufacture, and sale of screw-in hydraulic cartridge valves, manifolds, and integrated packages used in hydraulic systems.
MAJESTIC GOLD CORP (MJGCF.PK)
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.
Gold, the only yellow metal, has the chemical symbol Au derived from the Latin word for gold, ‘aurum’. Gold has twice the density of lead and is also a good conductor of heat and electricity. It is extremely malleable and can be rolled thin enough to allow light to pass through it. It is resistant to most acid attacks and does not oxidize.
Gold is one of the most effective conductors of electricity known to man, and its reliability compared with other metals such as palladium or copper is increased by the fact that gold is also an excellent conductor of heat. Gold is also inert and, therefore, does not react when it comes into contact with other substances. In addition, Gold does not corrode or tarnish, so it is much more reliable than other metals in electronic applications. Air bag systems fitted in more than 30 million cars around the world rely on gold-coated electrical contacts. And every time you touch a key on your computer it strikes a gold circuit that relays your command to the computer’s microprocessor.
For more information about MAJESTIC GOLD CORP. Visit its website: http://www.majesticgold.net
Majesco Entertainment Co. (Nasdaq:COOL) reported financial results for the third quarter ended July 31, 2011. For the third quarter ended July 31, 2011, Majesco’s net revenues were $19.5 million, up 61% versus $12.2 million in the same period a year ago. During the third quarter of 2011, the Company reported operating income of $0.9 million, compared to an operating loss of $1.7 million in the third quarter of 2010. Net income for the quarter was $1.9 million versus a net loss of $1.6 million in 2010. On a non-GAAP basis, net income for the quarter was $1.1 million compared to a non-GAAP net loss of $1.4 million last year.
Majesco Entertainment Company provides interactive entertainment products primarily in the United States and Europe.
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