Molycorp, Inc. (NYSE:MCP)
MCP reported recently that it has been granted authorization from the U.S. Bureau of Land Management to commence exploratory drilling at an occurrence of heavy rare earths located near its flagship rare earth manufacturing facility at Mountain Pass, California.
Preliminary exploration at the site has shown rare earth mineralization with an average ore grade of approximately four percent and a relatively high percentage of heavy rare earths, such as terbium, dysprosium, europium and samarium, as well as relatively high percentages of yttrium, neodymium, and praseodymium.
With offices in the U.S., Europe, and Japan, MCP is the only U.S-based company that is fully integrated across the rare earth mine-to-magnets supply chain. In addition to its current production of REO at its flagship rare earth mine and processing facility at Mountain Pass, California, the Company produces rare earth metals, rare earth alloys (such as neodymium-iron-boron and samarium-cobalt alloys) and rare metals such as niobium and tantalum. The rare earths and rare metals Molycorp produces are critical inputs in existing and emerging applications including: clean energy technologies, such as hybrid and electric vehicles and wind power turbines; multiple high-tech uses, including fiber optics, lasers and hard disk drives; numerous defense applications, such as guidance and control systems and global positioning systems; advanced water treatment technology for use in industrial, military and outdoor recreation applications; and other technologies.
For more information about MCP please visit http://www.molycorp.com
Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. 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.
Gold is considered to be one of the most precious metals in the world. It is identified by its rich, yellow coloring and bright sheen. Once it is processed, it will be melted down either to be formed into bouillon or to be made into jewelry.
About 75% of the gold produced in the world’s mines goes to jewelry production. This is one meaning of the term “consumption”. More surprising are the many ways in which gold actually finds its way into the human body.
Gold also has medical uses. An isotope of gold, 198-Au, which has a half-life of 2.7 days, is used in treating some cancers and other diseases, and also as a tracer within the human body. A compound containing gold known as disodium aurothiomalate, is used in an injection as a treatment for arthritis. Auranofin, a complex organic molecule, is used in the treatment of some cases of rheumatoid arthritis.
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.
For more information about company: www.majesticgold.net
HCA Holdings, Inc. (NYSE:HCA) announced the completion of the sale of Palmyra Medical Center in Albany, Ga. to the Hospital Authority of Albany-Dougherty County for approximately $198 million.
HCA Holdings, Inc. offers health care services in the United States. It owns, manages, or operates hospitals, freestanding surgery centers, diagnostic and imaging centers, radiation and oncology therapy centers, rehabilitation and physical therapy centers, and various other facilities.
Home Properties Inc. (NYSE:HME) announced that, it purchased The Gates of Deer Grove in Palatine, Ill. for $20.2 million and, on November 30, 2011 , it purchased an apartment community in Herndon, Va. for a total purchase price of $92.75 million . Year-to-date, the Company has purchased $500.8 million in apartment assets.
Home Properties, Inc., a real estate investment trust (REIT), engages in the ownership, operation, acquisition, development, and rehabilitation of apartment communities in the United States.
SolarWinds, Inc. (NYSE:SWI), a leading provider of powerful and affordable IT management software, announced that it has acquired certain assets of privately-held DameWare Development LLC for $40 million in cash. DameWare sells software tools to companies that allow system administrators to remotely manage the computers on their networks.
SolarWinds, Inc. designs, develops, markets, sells, and supports enterprise information technology (IT) infrastructure management software to IT professionals.
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