KVH Industries Inc. (Nasdaq:KVHI) will announce its financial results for the third quarter that ended September 30, 2011, on Wednesday, October 26, 2011. In conjunction with the release, the company will conduct its investor conference call at 10:30 a.m. ET, hosted by Mr. Martin Kits van Heyningen, chief executive officer, and Mr. Patrick Spratt, chief financial officer.
KVH Industries, Inc. engages in the development, manufacture, and marketing of mobile communication products for the marine, land mobile, and aeronautical markets primarily in North America, Europe, and Asia.
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.
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.
Gold has a lot of great features: it is soft and is easy to shape, it reflects light, and resists rust, and is an excellent conductor of heat and electricity. All these mean it can be used in a lot of different ways.
Gold is so popular for use in electronics because it is highly resistant to corrosion, is easy to work with, and is great for conducting heat and electricity … only silver and copper conduct electricity better, but don’t resist rust or tarnish well. Because it can withstand the effects of time so well, gold is vital in the modern electronics industry, making products we rely on-from mobile phones to credit cards-more reliable.
Fo! r more i nformation about MAJESTIC GOLD CORP. visit its website: http://www.majesticgold.net
Lacrosse Footwear Inc. (Nasdaq:BOOT) reported results for the third quarter ended September 24, 2011. For the third quarter of 2011, LaCrosse reported net sales of $35.3 million, compared to $37.7 million in the third quarter of 2010. For the first three quarters of 2011, net sales were $87.5 million, compared to $98.5 million in the same period of 2010. The Company recently announced a new $15.4 million delivery order for the United States Marine Corps which it anticipates fulfilling during the fourth quarter of 2011 and the first quarter of 2012.
LaCrosse Footwear, Inc. engages in the design, development, manufacture, and marketing of footwear for the work and outdoor markets.
Overstock.com Inc. (Nasdaq:OSTK) announced victory in its two-year patent infringement lawsuit with behemoth Alcatel-Lucent USA, Inc. The East Texas jury deliberated for less than two hours before returning a defense verdict.
Overstock.com, Inc. operates as an online retailer offering discount brand, non-brand, and closeout merchandise in the United States.
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