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 please 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 wish him well and success in future endeavors.
SavWatt USA, Inc. (SAVW.PK), pioneers in LED lighting, announced that beginning 1Q 2011, SavWatt will be selling LED T-8 florescent tube replacements assembled in the USA. SavWatt’s 16 Watt , 4 foot, T-8 LED tube will replace a typical 40 Watt florescent tube (includes ballast), providing immediate energy savings of 60%, which does not include savings for service and replacement costs. Based on an average USA energy cost of 15 cents per kilowatt, the tube has a 24 month payback.
Features of SavWatt’s LED Tube Lights.
Energy Saving – SavWatt LED tubes consume low power. Power efficiency reaches 90 percent, with energy saving of 60% compared with traditional florescent tubes.
Environmental Friendly – SavWatt LED tubes contain no ultraviolet, infrared ray radiation, mercury or heat from the illumination.
Long Life Span – SavWatt LED tube has a 50,000 – 80,000 hours life span compared to 8,000 hours for traditional florescent tubes. Good heat dissipation techniques are achieved through the use of SavWatt’s Eco-Watt technology.
Ultra Bright – using high illumine LITKY LED’s separate SavWatt from others.
Stable – SavWatt’s superior component quality control and 48 hour USA burn in procedures makes it top in its class.
Sam Abecassis, SavWatt’s VP of Product Development commented, “We have worked hard over the last 2 years to develop and bring to market a UL approved true T-8 high quality Led tube. Our Eco-Watt technology and LITKY LED’s make us shine above the rest. We have listened to our distributors and by assembling here in the USA we now will be able to handle the faster to market demand and quality concerns.”
Jefferies Group Inc. (NYSE:JEF) announced a definitive agreement to sell the firm�s clearing and custody relationships with introducing broker-dealer firms to Pershing, LLC, a subsidiary of The Bank of New York Company, Inc. According to the agreement, Jefferies will transition correspondent customers to Pershing, which offers a comprehensive array of customizable products, processing services and technology solutions tailored to meet their needs.
Jefferies Group, Inc., together with its subsidiaries, operates as a securities and investment banking company in the Americas, Europe, and Asia. It operates in two segments, Capital Markets and Asset Management. The Capital Markets segment engages in securities execution operations, such as sales, trading, and research in equities, equity-linked, and fixed income securities, including investment grade corporate bonds, high yield and distressed securities, government and agency securities, mortgage- and asset-backed securities, municipal securities, bank loans, leveraged loans, and emerging markets debt, as well as offers prime brokerage services.
Oppenheimer Holdings Inc. (NYSE:OPY) a unit of Oppenheimer Holdings Inc., is pleased to announce two more strategic hires. Mark Anderson has joined the firm as Managing Director in the Institutional Fixed Income Sales and Trading department. In addition, Neil Snoep has accepted a position as Director – Bank Strategist. Senior Managing Director of the Taxable Fixed Income group. �I am very pleased that the firm has attracted another senior fixed income manager of Mark�s caliber to help build out our fixed income operations. Mark�s work on the West Coast has had an immediate impact on our business,�
Oppenheimer Holdings Inc., through its subsidiaries, operates as a middle-market investment bank and full service broker-dealer. It offers full-service brokerage services covering various investment alternatives, such as exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, and unit investment trusts.
The Board of Directors of Tortoise MLP Fund, Inc. (NYSE:NTG) declared the company�s fourth quarter 2010 distribution of $0.36 per share, an increase from the previously declared distribution of $0.21 per share. The distribution will be paid on Nov. 30, 2010, to stockholders of record on Nov. 22, 2010. The company reiterates its expectation of paying a first quarter 2011 distribution of not less than $0.40625, a 6.5 percent annualized yield on a $25.00 public offering price, following full investment of the remaining leverage proceeds.
Tortoise MLP Fund Inc.�s investment objective is to provide its stockholders a high level of total return with an emphasis on current distributions.
Tortoise MLP Fund, Inc. seeks to achieve its investment objective by investing primarily in energy infrastructure master limited partnership (MLPs) and their affiliates, with an emphasis on natural gas infrastructure MLPs.
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