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Global Hunter Corp. (TSX.V:BOB) (FSE:G5D)
Global Hunter Corp. has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by Global Hunter to fund project expenses and for general working capital purposes.
The loan will have a two year term and loan principal will be convertible at the option of the lender in whole or in part into units (“Principal Units”) of Global Hunter until eighteen months from the date of the loan advance at the price of $0.06 per Principal Unit. Each Principal Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.10 at any time until eighteen months from the date of the loan advance. The loan will bear interest at the rate of 12% 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 units (“Interest Units”) of Global Hunter until eighteen months from the date of the loan advance at the price of $0.05 per Interest Unit. Each Interest Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.075 at any time until eighteen months from the date of the loan advance.
The lender is at arm’s length from Global Hunter and will not become an insider as a result of any conversion of principal and interest. The loan principal and accrued interest will be secured by a pledge of the shares of Global Hunter’s subsidiary, Global Hunter Chile Ltda., and may be repaid without penalty or bonus on 30 day’s notice. 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. A finder’s fee equal to 6% of the loan proceeds will be paid in cash as permitted by policies of the TSX Venture Exchange anACd applicable securities laws. The loan is subject to acceptance by the TSX Venture Exchange.
Global Hunter's focus is on strategic and base metals, particularly copper and molybdenum. Global Hunter has built an outstanding portfolio of projects in the stable geopolitical geographies of Canada and Chile. Our exploration and development teams are on the ground rapidly advancing the La Corona de Cobre property near La Serena, Chile and the Rabbit South property in British Columbia, Canada. Either one of these projects could carry the company forward on a stand-alone basis, but together they bring Global Hunter additional stability, strength and value.
To learn more about Global Hunter Corp. visit: http://www.globalhunter.ca
New Generation Biofuels Holdings, Inc. (Nasdaq:NGBF) a leader in renewable fuels technology, announced its financial results for the third quarter ended September 30, 2010. Net loss for the third quarter ending September 30, 2010, was $1.2 million, compared to a net loss of $1.7 million for the third quarter of 2009. For the first nine months of 2010, the net loss was $7.1 million, versus a net loss of $10.3 million for the first nine months of 2009. For the three months and nine months ended September 30, 2010, the Company had revenues of $-0- and $6,351, respectively. This is compared to revenues of $34,412 for the three and $77,048 for the nine months ended September 30, 2009. The decrease in revenue was due solely to working capital constraints, not customer demand. During 2010, the production facility in Baltimore has been utilized primarily to make fuel for prospective customer testing and for R&D activities including testing new production processes. We expect to produce and ship fuel once we have secured additional working capital.
New Generation Biofuels Holdings, Inc., through its wholly owned subsidiary, New Generation Biofuels, Inc., holds an exclusive license to commercialize proprietary technology to manufacture an alternative biofuels from vegetable oils and animal fats in North America, Central America, and the Caribbean.
American Video Teleconferencing Corp. (AVOT.PK)
AVOT is pleased to announce that it has hired a French speaking geologist to search the archives of the Quebec Department of Mines for Rare Earths showings not on a current computer file. AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. As neither the Federal nor Quebec Governments have carried out any air borne surveys in this area, AVOT will seek a contractor to do an air borne Mag-EM radiometric survey. This survey will cover its present holdings and the immediate surrounding area looking for future acquisitions. We are pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
China has been one of the main supplier to the US of the Earth's rare mineral supplies, with these rare minerals American manufacturers are able to make high-tech products such as cell phones, wind turbines, and guided missiles, but all that might come to a screeching halt now that China has stopped supplying the material, the New York Times has reported.
In the wake of China's decision America now must look for other sources, that will be more reliable for our future needs, and AVOT may just be the new source, here's why.
AVOT believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings. AVOT is currently looking for these Rare Earths Minerals in Canada, the US's Northern neighbor.
AVOT is seeking a contractor to do an air borne Mag-EM radiometric survey for its present holdings and the immediate surrounding area looking for future acquisitions. AVOT is pleased to be working in the Province of Quebec as it is rated the number one jurisdiction in the world to carry out mineral exploration. The Quebec Government gives a rebate up to 45% for property expenditures.
Presently AVOT is in the final stage of negotiations with Kondor Gold Pyt. in Australia.
AVOT is aggressively carrying out searches world-wide for opportunities in Precious, Base and Rare Earths metal projects.
Amarin Corporation plc (Nasdaq:AMRN) a clinical-stage biopharmaceutical company with a focus on cardiovascular disease, announced the appointment ofKristine Peterson to its board of directors. Ms. Peterson has more than 27 years of pharmaceutical industry experience, including 20 years at Bristol-Myers Squibb, where she was responsible for sales, marketing and general management in a variety of therapeutic areas, including leading the cardiovascular and metabolic disease business unit. She is currently Chief Executive Officer at Valeritas Inc., a medical technology company committed to the development and commercialization of innovative drug delivery solutions, with its lead product for the treatment of diabetes.
Amarin Corporation plc operates as a biopharmaceutical company with a focus on cardiovascular diseases. Its cardiovascular programs focus in the field of lipid science and the known therapeutic benefits of essential fatty acids in cardiovascular disease.
Manitex International, Inc. (Nasdaq:MNTX) a leading provider of engineered lifting solutions including boom truck and rough terrain cranes, rough terrain forklifts, special mission oriented vehicles and specialized engineered trailers, today announced third quarter 2010 revenues of $24.9 million, a 65% year-over-year increase, and net income for the third quarter of 2010 of $0.7 million or $0.06 per share, compared to a net loss of ($0.1 million) or ($0.01) per share for the third quarter of 2009.
Manitex International, Inc. provides engineered lifting solutions. The company operates through two segments, Lifting Equipment and Equipment Distribution. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are primarily used for industrial projects, energy exploration, as well as for infrastructure development, including, roads, bridges, and commercial construction.
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