Global Hunter Corp. (BOB.V)
Humans first used copper about 10,000 years ago. A copper pendant discovered in Northern Iraq is thought to date back to around 8700 BC. Prehistoric man probably used copper for weapon making. Ancient Egyptians too seemed to have appreciated the corrosion resistance of the metal. They used copper bands and nails in ship building and copper pipes were used to convey water. Some of these artifacts survive today in good condition. An estimate of the total Egyptian copper output over 1500 years is 10,000 tons.
Usage of copper compounds also dates back to before 4000 BC. Copper sulphate for example was an especially important compound in early times. Ancient Egyptians used it as a mordant in their dyeing process. The compound was also used to make ointments and other such preparations. Later, medicinal use of copper sulphate came about with its prescription for pulmonary diseases. Copper sulphate is still extensively used today and no harmful side effects of its prescribed use have been reported.
Copper is the earth's 25th most abundant element, but one of the less common first row transition metals. It occurs as a soft reddish metal that can be found native as large boulders weighing several hundred tons or as sulphide ores. The latter are complex copper, iron and sulphur mixtures in combination with other metals such as arsenic, zinc and silver. The copper concentration in such ores is typically between 0.5-2%.
Global Hunter Corp. engages in the acquisition, exploration, and development of mineral properties in Canada and Chile. It primarily explores for gold, copper, and base and precious metals. Global Hunter Corp. (BOB.V) company was founded in 1988 and is headquartered in Vancouver, Canada.
Global Hunter Corp. (BOB.V) is also pleased to announce that it has retained the services of Vicarage Capital Limited of London, England to advise it on M&A and corporate finance issues. The key objective is to secure additional financial resources to advance its Corona de Cobre project through any of the following options: negotiating a strategic alliance with a company with significant financial resources; entering into a joint venture, or negotiating a possible merger. The Company has agreed to pay Vicarage a total of $150,000 CAD over the one-year term of the contract. Vicarage may also be entitled to certain success fees subject to TSX Venture Exchange approval.
For more information about Global Hunter Corp please visit http://www.globalhunter.ca
Chimera Investment Corporation (NYSE:CIM) reported Core Earnings for the quarter ended March 31, 2011 of $153.5 million or $0.15 per average share as compared to Core Earnings for the quarter ended March 31, 2010 of $127.9 million or $0.19 per average share and Core Earnings for the quarter ended December 31, 2010 of $136.2 million or $0.14 per average share. "Core Earnings" is a non-GAAP measure that approximates distributable income, and is defined as GAAP net income (loss) excluding non-cash equity compensation expense, unrealized gains and losses, realized gains and losses on sales and other items that do not affect distributable net income, regardless of whether such items are included in other comprehensive income (loss) or in net income (loss). The Company reported GAAP net income of $163.4 million or $0.16 per average share for the quarter ended March 31, 2011, as compared to $125.6 million or $0.19 per average share for the quarter ended March 31, 2010, and $156.2 million or $0.16 per average share for the quarter ended December 31, 2010. During the quarter ended March 31, 2011, the Company sold residential mortgage-backed securities (RMBS) with a carrying value of $649.8 million for realized gains of $2.7 million. During the quarter ended March 31, 2010, the Company sold RMBS with a carrying value of $89.6 million for realized gains of $342 thousand. During the quarter ended December 31, 2010, the Company sold RMBS with a carrying value of $590.3 million for realized gains of $7.7 million.
Chimera Investment Corporation, a real estate investment trust, invests in residential mortgage backed securities (RMBS), residential mortgage loans, real estate-related securities, asset backed securities (ABS), and various other asset classes in the United States.
Orofino Gold Corp. (ORFG)
Gold was always looked upon as a precious metal and people were well aware of its properties. It was used as a standard by various countries, but with time, some changes were made to the way it was used. Let us take a look at the types of gold standards.
Gold Specie Standard: This monetary system is one of the oldest in the world. It was based on the actual gold coins of different denominations. In US, it was adopted in 1873, with the American Gold Eagle as its unit. The various denominations in which the gold coins were available were $50, $25, $10 and $5. You can read more on history of American money.
Gold Exchange Standard: In this type of monetary system the currency used was not made up of gold but it had a value equivalent to that of gold. It was widely used in the late ninetieth century and was in use till the beginning of twentieth century. In this system, coins made of silver and other metals were used for circulation but the government guaranteed an exchange rate that was equivalent to value of gold coins.
Gold Bullion Standard: This was the last gold standard that was used before the gold standard was completely abandoned. In this system, the government started selling gold bullion at a fixed price. International trade caused a lot of gold bullion to be shipped out of countries like Britain, France, etc. and the gold bullion standard was abandoned as well.
Orofino Gold Corp. (ORFG) 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 Gold Corp. (ORFG) 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. recently announced that it has requested Sepro Systems Corp. to assist in the design criteria to improve environmental sensitivity and maximize yield production and recoveries as it begins development at its Culo Alzado mine site in Sur de Bolivar, Colombia.
Canadian-based Sepro Systems Corp. is a leading supplier of state-of-the-art, environmentally sensitive mineral processing equipment for projects worldwide.
Recent permitting issues for Colombian based Gold projects due to environmental concerns from the Colombian government have made sustainable and environmentally conscious mining programs a top priority for many of the region's mining companies. Orofino's directors and management feel taking steps to ensure sustainability from the beginning of its exploration process is part of the company's responsibility to the local population and government. These steps will also better position the company for long-term development of its concessions thanks to a decreased environmental impact.
In addition to positioning Orofino for environmentally sustainable growth, installing Sepro equipment at its Culo Alzado mine site will also dramatically improve recoveries of minerals from current workings. Orofino intends to install new, state-of-the-art crushing, milling, and recovery systems in order to begin a regular sampling program as laid-out by the company's Qualified Person as described in the National Instrument 43-101. This equipment will enable Orofino to generate regular, up-to-date metallurgical and geological reports, improving knowledge of the composition of the producing concessions and increasing investor confidence.
For more information please visit official website of ORFG: http://www.orofinogoldcorp.com/
Aon Corporation (NYSE:AON) will hold its Annual Meeting of Stockholders on Friday, May 20, 2011 at 8:30 a.m. Central Time in the Indiana Room located at the firm's corporate headquarters in Chicago, Illinois. A listen-only webcast of the presentation and question-and-answer session with shareholders attending the meeting will be available via www.aon.com and will be archived for two weeks.
Aon Corporation provides risk and insurance brokerage services and consulting services worldwide. The company was founded in 1919 and is headquartered in Chicago, Illinois.
Annaly Capital Management, Inc. (NYSE:NLY) the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the second quarter of $0.492188 per share of Series A Preferred Stock. This dividend is payable on June 30, 2011 to Series A Preferred Stock shareholders of record as of June 1, 2011. In accordance with the terms of Annaly's 6% Series B Cumulative Convertible Preferred Stock ("Series B Preferred Stock"), the Board of Directors of Annaly has declared a Series B Preferred Stock cash dividend for the second quarter of $0.375 per share of Series B Preferred Stock. This dividend is payable on June 30, 2011 to Series B Preferred Stock shareholders of record as of June 1, 2011.
Annaly Capital Management, Inc., a real estate investment trust, engages in the ownership, management, and financing of a portfolio of investment securities. Annaly Capital Management was incorporated in 1996 and is based in New York City.
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