Orofino Gold Corp. (ORFG.PK) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The company is pleased to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp.
Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wishes him well and success in future endeavors.
Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) subsidiary Let The Good Times Roll, Inc. is pleased to announce a joint venture with the Hard Rock Hotel and Casino.
This new incentivized agreement provides LTGTR riders with $25-$35 in gaming chips and a $5 food voucher when booked for the Hard Rock Casino. LTGTR, will experiment and plans to start running shuttles to the Hard Rock, charging $25-30 for round trip services. The deal is conditionally approved and subject to pending insurance verification. The company sees this as a simple administrative task, and to be resolved shortly.
Preliminary research shows strong support with the company running 14 casino runs a week, with each shuttle generating an average of $750 in revenue with 60-70% in gross profit.
“We are looking at creative ways to keep the buses on the road. As they are running not only are they generating revenue but they are advertising. If you are running a bus during the day for Hard Rock shuttles and then booking nightly runs at Gross Profit Margins of 70% you are doing very well.
We are very excited with the Vu365 merger which helps our plans with the college shuttle program and also will introduce the Vu365 to a new gaming audience. We had extremely favorable talks with Vu365 and believe they can help us extensively with our unique programming needs, and we can help them bring Vu365 gaming to an American audience. This is a win/win for LTGTR, Vu365 and the shareholders of EEGI,” Debra Davis President of LTGTR.
MAG Silver Corp. (AMEX:MVG) recently announced the appointment of Michael Petrina, P.ENG, MBA, as Vice President Operations of the Company.
MAG is focused on district scale projects located within the Mexican Silver Belt.
Targa Resources Partners LP (NYSE:NGLS) recently reported third quarter 2010 net income attributable to Targa Resources Partners of $13.8 million, or $0.14 per diluted limited partner unit, compared to a net loss of $4.2 million, or $0.23 per diluted limited partner unit, for the third quarter of 2009. Net income for the third quarters of 2010 and 2009 included $7.8 million and $17.1 million in non-cash charges related to derivative instruments, respectively.
Targa Resources Partners LP provides midstream natural gas and natural gas liquid services in the United States.
BANCOLOMBIA S.A. (NYSE:CIB) recenlty announced its earnings results for the third quarter of 2010. Net loans grew 3.5% compared to 2Q10. Also, it increased 7.8% compared to the 3Q09 and 8.3% during the first nine months of the year. This growth confirms the improvement in the credit demand that started in 1Q10.
Bancolombia S.A. provides financial products and services to individual and corporate customers in Colombia, Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru, Brazil, the United States, and Spain.
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