Pioneer Natural Resources Co. (NYSE:PXD) announced its fourth quarter 2011 earnings press release is scheduled to be issued after the close of trading on the New York Stock Exchange on Monday, February 6, 2012. A conference call is scheduled for Tuesday, February 7, 2012 at 9:00 a.m. CT to discuss the fourth quarter results.
Pioneer Natural Resources Company engages in the exploration and production of oil and gas in the United States and South Africa.
MAJESTIC GOLD CORP (MJGCF.PK )
The combination of gold’s relative scarcity and its obvious beauty has made it a very valuable commodity throughout the history of humanity. Wars have been fought over it and countless numbers have died trying to gain or protect it.
The physical and chemical properties of gold make it ideal for a number of applications. It is very stable (does not corrode or rust) and as a result seldom combines with other elements. It conducts heat and electricity very well (only silver is a better conductor of electricity). Its malleability and ductility have made it a favourite for jewelry making throughout the centuries.
Palladium, platinum and silver have been substituted for gold. Alloys (mixtures) of gold and other base metals are extensively used in jewelry and electronics to reduce the amount of gold used while assuring the positive features for which gold is desired.
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.
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 please visit official website of MJGCF.PK: http://www.majesticgold.net
Kyocera Corp. (NYSE:KYO) announced that it has received Japan’s 2011 Minister of the Environment Award for the Promotion of Measures to Cope with Global Warming (countermeasures category) in recognition of the comprehensive environmental activities undertaken with the community by the company’s Shiga Gamo & Shiga Yohkaichi manufacturing plants (Shiga Pref., Japan). This is the second year running that Kyocera has been a recipient, following last year’s award in the technology development / product category for its high-output multicrystalline solar module for industrial and commercial applications.
Kyocera Corporation develops, produces, and distributes ceramic, semiconductor, and electronic products for the information and communications markets, and environment and energy markets worldwide.
Humana Inc. (NYSE:HUM) announced it has signed an agreement to acquire SeniorBridge, a New York-based chronic-care provider best known for providing in-home care for seniors. Terms were not disclosed. Since its founding in 2000, SeniorBridge has been managing complex chronic care for seniors across the U.S. SeniorBridge’s care-management teams of nurse practitioners, nurses, social workers and certified caregivers help seniors maintain and improve their health while remaining in their homes. A typical SeniorBridge patient is 65 or older and has multiple chronic conditions.
Humana Inc. offers various health and supplemental benefit plans in the United States. Its Government segment consists of beneficiaries of government benefit programs; and operates in three lines of businesses, including Medicare, Military, and Medicaid.
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