Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) announced that management will present a company overview at the 13th Annual BIO CEO & Investor Conference on Tuesday, February 15, 2011 at 1:30 p.m. ET at Waldorf-Astoria in New York City. A live audio webcast of the presentation will be available on the “Investors” section of the company’s website, www.alnylam.com. A replay of the presentation will be available on the Alnylam website within 48 hours after the event.
Alnylam Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of novel therapeutics based on RNA interference (RNAi). Its lead RNAi therapeutic program includes ALN-RSV01, which is in Phase II clinical trial for the treatment of human respiratory syncytial virus (RSV) infection.
Investors generally look at gold as a hedge or safe haven against any economic, political, social, or fiat currency crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest). The gold market is also subject to speculation as other commodities are, especially through the use of futures contracts and derivatives.
Orofino Gold Corp. (ORFG.PK) is a China based Gold and Silver Exploration Company 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.
Orofino Gold Corp. has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America. The company has several viable gold development properties in Colombia, Latin America’s fifth largest producer of gold.
ORFG acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%. By acquiring its interest in an established operating mine, Orofino has established itself as a serious participant in the effort to revitalize the Senderos de Oro mining scene.
La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
The Senderos de Oro Project is comprised of more than 3000 hectares of Gold and other mineral concessions in the minera mining area of central Sur de Bolivar. The Project resembles the La Bodega and Vetas California Projects, currently being explored and developed by Canadian Exploration Company Ventana Gold, for which EBX recently extended an unsolicited tender offer of $1.3 Billion.
For more information about this company please visit http://www.orofinogold.com
PennantPark Investment Corporation (NASDAQ:PNNT) announced that it has entered into an agreement to sell 8,000,000 shares of common stock at a public offering price of $12.40 per share, raising approximately $99,200,000 in gross proceeds. Morgan Stanley & Co. Incorporated, J.P. Morgan Securities LLC, and Stifel, Nicolaus & Company, Incorporated, are acting as joint bookrunning underwriters. FBR Capital Markets & Co., Keefe, Bruyette & Woods, Inc., Ladenburg Thalmann & Co. Inc. and RBC Capital Markets, LLC are acting as co-managers. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on February 11, 2011. The Company also has granted the underwriters an option to purchase up to an additional 1,200,000 shares of common stock to cover over-allotments, if any.
PennantPark Investment Corporation is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies. It invests in the form of mezzanine debt, senior secured loans, and equity investments.
Rare Earth Minerals are used in cell phones, flat-screen televisions, hybrid cars and many other products.
American Video Teleconferencing Corp. (AVOT.PK) previously reported that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada.
The property has been dormant since the 1960’s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
This property is only one of several advanced stage properties American Video Teleconferencing Corp. has under consideration in the province of Quebec.
China previously reported it will drastically limit exports of a group of minerals used in a host of consumer technology products, part of what the Obama administration sees as a broader strategy to unfairly help Chinese manufacturers.
AVOT 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. will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Fox Chase Bancorp, Inc. (NASDAQ:FXCB) announced net income of $2.7 million, or $0.20 per share, for the year ended December 31, 2010, compared to a net loss of $1.0 million, or $(0.07) per share, for the year ended December 31, 2009. The Company reported net income of $893,000, or $0.07 per share, for the quarter ended December 31, 2010 compared to a net loss of $2.4 million, or $(0.18) per share, for the quarter ended December 31, 2009. The Company also announced that its Board of Directors has declared a cash dividend of $0.02 per outstanding share of common stock. The dividend will be paid on or about March 1, 2011 to stockholders of record as of the close of business on February 14, 2011. This is the first cash dividend since the Company completed its conversion to a stock holding company in 2010.
Fox Chase Bancorp, Inc. operates as the holding company for Fox Chase Bank that provides various financial services to consumers and businesses.
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