Symantec Corporation (Nasdaq:SYMC) and VMware (NYSE: VMW) announced an expansion of their strategic partnership to define and architect Desktop-as-a-Service (DaaS) solutions with the goal to provide secure, pre-integrated and well-managed enterprise-quality virtual desktop computing environments for enterprises and IT service providers.
Symantec Corporation provides security, storage, and systems management solutions internationally.
NetSol Technologies, Inc. (Nasdaq:NTWK) will announce its fiscal 2011 fourth-quarter and full-year financial results on Friday, September 16, 2011. NetSol’s management team will host a conference call the same day at 11 a.m. EDT to review the results and answer questions.
Netsol Technologies, Inc. designs, develops, and markets software products for the automobile finance and leasing, banking, healthcare, and financial services industries worldwide.
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.
As one of the most effective conductors of electricity known to man, gold is the material of choice in many electronic applications, especially in telecommunications, information technology, and other high-performance applications. From mobile phones to computers, gold-plated contacts and circuit board connectors, the use of gold in electronics is increasing. Wherever voltages are small, circuits are complex, or the reliability required is high, gold is usually the preferred choice.
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 MAJESTIC GOLD CORP. visit its website: http://www.majesticgold.net
Nuance Communications, Inc (Nasdaq:NUAN) announced that its Dragon Dictation and Dragon Search apps for iPhone, iPod touch and iPad have made their debut in Russia, supporting the Russian language.
Nuance Communications, Inc. provides voice and language solutions for businesses and consumers worldwide.
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