Starwood Property Trust, Inc. (NYSE:STWD) has completed the sale of 23,000,000 shares of its common stock, including 3,000,000 shares sold pursuant to the exercise in full of the underwriters' over-allotment option, at a price of $19.73 per share. The net proceeds of the sale were approximately $434.8 million after the underwriting discount and estimated offering expenses. All of the shares were offered by the Company and were issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.
Starwood Property Trust, Inc., a real estate investment trust, primarily focuses on originating, investing in, financing, and managing commercial mortgage loans, commercial mortgage-backed securities, commercial real estate debt investments, and other commercial real estate-related debt investments.
Douglas Lake Minerals Inc. (DLKM.OB) previously acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania. Douglas Lakes' 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 km(2) which are directly adjacent to, and partly surround, Canaco Resources Inc's (V.CAN) 200 km(2) Kilindi license which holds the Magambazi gold mineralization occurrence.
DLKM's Handeni Gold Project is located directly adjacent to the southwest, south, and southeast of Canaco Resources (CAN.V) Handeni Gold trend which is now recognized as consisting of at least two, parallel gold trends with a combined strike length of over 15 kilometres. On September 13, 2010 Canaco announced significant new exploration developments including the identification of important new parallel trends of gold mineralization and discovery of a new mineralized zone five kilometres W/NW of the Magambazi Gold Discovery. Early results from the regional exploration on the Handeni Gold Trend indicate the work program has already made significant progress in identifying new gold targets and upgrading the potential of previously identified gold zones. Over the past month, Canaco’s regional program has included over 3,000 metres of Reverse Circulation ("RC") drilling, approximately 10,000 metres of reconnaissance Rotary Air Blast ("RAB") drilling, a detailed airborne survey, detailed mapping of some of the key target areas defined to date and geochemical interpretation. In April 2010, TD Newcrest, A Division of TD Securities, initiated coverage of Canaco Resources and announced a speculative buy recommendation with a $1.25 target price. They now believe that $175/oz is an appropriate resource multiple given the forecast high grade/low cost nature of the ounces discovered to date by Canaco. They have revised their target price to $6 per share and maintain their speculative buy rating.
Harp Sangha, Douglas Lake Mineral's CEO, stated: "We are confident that the model developed based on the first exploration phase provides a substantial platform for understanding gold mineralization in the prospecting licenses as exemplified by the success with which the model predicts and outlines existing and known gold anomalies". Phase two of the exploration program focused on the identified potential zones during an intensive stream sediment and soil sampling program. The results will be released in due course.
The Company is an emerging mineral exploration company focused on exploring mining opportunities in Tanzania.
For more information about this company please visit http://www.douglaslakeminerals.com/
RPM International Inc (NYSE:RPM) previously reported that its RPM Performance Coatings Group has acquired Pipeline & Drainage Systems Ltd. (PDS), a leading supplier of curb, bridge and channel drainage products for construction and infrastructure markets, primarily in the United Kingdom and Ireland. Based in Wakefield, England, PDS has annual sales of approximately $8 million. Terms of the transaction, which is expected to be accretive to earnings within one year, were not disclosed.
RPM International Inc. engages in the manufacture, marketing, and sale of various specialty chemical products to industrial and consumer markets worldwide. The company operates through two segments, Industrial and Consumer. The Industrial segment offers sealants and institutional roofing systems, basement waterproofing sealants, and roofing maintenance.
Orofino Gold Corp. (ORFG.PK) is an International gold company focused on the acquisition, exploration and development of gold properties in Mexico and Colombia. The company has reviewed several bulk minable properties and has signed an option to acquire properties in the Sur de Bolivar Department of Colombia South America.
Gold prices recently surged above $1,400 an ounce as a weaker dollar pushed investors into the safe haven of precious metals.
ORFG's projects are La Azul, San Carlos and Culo Alzado. La Azul is one producing artesanal mine in the Senderos de Oro area controlled by Orofino, it is a mixed sequence of predominantly volcanic rocks with the vien systems comprised of high grade chalcopyrite, galena and sphalerite with pyrite in quartz viens.
Orofino Gold Corp. acquired a 55% interest in the Mina Azul/La Estrella property with the rights to acquire up to 80%. President Uribe (now to be President Santos) encouraged Artisanal miners to organize into co-operatives that will have legal status and will allow ORFG to partner with them on a long term basis. The company’s objectives of bringing social benefits to the Artisanal miners, and their communities, and to include them in the planning activities that affect their lives, match those of the Government. Senior officials have offered full support of the government departments that facilitate and regulate exploration and mining activities.
Gold also seems to be gaining value based on its own track record for 2010, when global economic instability made it the go-to investment for jittery traders.
For more information about this company please visit http://www.orofinogold.com
Talisman Energy Inc. (NYSE:TLM) recently reached agreement to create a strategic partnership with Sasol Limited to develop the Farrell Creek assets in Talisman's Montney shale play in northeastern British Columbia. Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of C$ 1,050 million."This is a strategic move towards unlocking some of the value of our Montney assets for us and our new partner, consistent with the strategy of de-risking and developing Talisman's very large shale opportunities in the region," said John A. Manzoni, President & CEO of Talisman.
Talisman Energy Inc., an upstream oil and gas company, engages in the exploration, development, production, transportation, and marketing of crude oil, natural gas, and natural gas liquids primarily in North America, the United Kingdom, Scandinavia, and southeast Asia. The company was founded in 1925 and is headquartered in Calgary, Canada.
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