Diodes Incorporated (Nasdaq:DIOD) will host a conference call on Tuesday, November 8, 2011 at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss its third quarter 2011 financial results.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and markets semiconductor products worldwide. Its products portfolio consist of diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, transient voltage suppressors, silicon wafers, drain inverters, and Hall-effect and temperature sensors.
Dorchester Minerals LP (Nasdaq:DMLP) announced the Partnership’s third quarter 2011 cash distribution. The distribution of $0.455546 per common unit represents activity for the three-month period ended September 30, 2011 and is payable on November 3, 2011 to common unitholders of record as of October 24, 2011.
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and non-producing natural gas and crude oil royalty, net profits, and leasehold interests in the United States.
Orthofix International NV (Nasdaq:OFIX) announced that it will host a conference call and webcast on Thursday, October 27th, at 4:30 PM Eastern Time to discuss the Company’s results for the third quarter 2011, which will be released at approximately 4:00 PM Eastern that same day.
Orthofix International N.V. designs, develops, manufactures, markets, and distributes medical equipment used principally by musculoskeletal medical specialists for orthopedic applications.
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.
Gold has a long and fascinating history of use in a diverse range of industries and applications. The future will see gold being used in a multitude of new products and processes. Gold’s reflectivity, conductivity and corrosion resistance have played a vital role in space exploration for decades. Its efficiency as a reflector of heat and infra-red radiation has been invaluable in numerous NASA undertakings.
Gold wires the internet. It is the material of choice in numerous electronic applications, especially telecommunications, information technology and other high performance and safety critical applications.
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
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