CIENA Corp (Nasdaq:CIEN) and the Ukrainian telecoms operator Eurotranstelecom (ETT?), announced the first commercial deployment of 100G in Eastern Europe as part of Eurotranstelecom’s nationwide backbone network covering the key regions in Ukraine and linking it to Russian, Polish, Hungarian and Slovakian networks.
Ciena Corporation provides communications networking equipment, software, and services that support the transport, switching, aggregation, and management of voice, video, and data traffic.
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 conversi! on.
< p>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.
An obvious symbol of wealth and plenty, gold has its own special place in the industrial fields. As a good electrical conductor, it fuels the electronics field and helps produce some of the world finest electronic products such as the refrigerator, air conditioner, television and so many other modern conveniences that humans are finding it hard to live without.
For more information about MAJESTIC GOLD CORP. visit its website: http://www.majesticgold.net
Calamos Asset Management Inc. (Nasdaq:CLMS) will announce earnings for the third quarter of 2011 after the financial markets close on Thursday, November 3, 2011. An investor conference call is scheduled that day at 4 p.m. Central Time.
! Calamos Asset Management Inc. is a publicly owned investment manager. The firm provides investment advisory services to individuals including high net worth individuals, and institutions
Global Hunter (GBLHF.PK)
Molybdenum is alloyed with steel making it stronger and more highly resistant to heat because molybdenum has such a high melting temperature. The alloys are used to make such things as rifle barrels and filaments for light bulbs. The iron and steel industries account for more than 75% of molybdenum consumption.
The two largest uses of molybdenum are as an alloy in stainless steels and in alloy steels-these two uses consume about 60% of the molybdenum needs in the United States. Stainless steels include the strength and corrosion-resistant requirements for water distribution systems, food handling equipment, chemical processing equipment, home, hospital, and laboratory requirements. Alloy steels include the stronger and tougher steels needed to make automotive parts, construction equipment, and gas transmission pipes.
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear and/or alteration zones sampled total of 13.5 kilometers of strike length along know c! opper be aring shear and alteration zones tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified, however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information http://www.globalhunter.ca
Sabra Healthcare REIT, Inc. (Nasdaq:SBRA) reaffirmed its expectation of a quarterly dividend of $0.32 per share, consistent with the first and second quarters. Pending the board’s declaration of the dividend, Sabra expects the dividend will be paid during the fourth quarter of 2011. Sabra also announced that it will issue its 2011 third quarter earnings release after close of market on Wednesday, November 2, 2011.
Sabra Health Care REIT, Inc. (Nasdaq:SBRA), a Maryland corporation, is a self-administered, self-managed real estate investment trust (a “REIT”) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry.
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