Phazar Corp. (Nasdaq:ANTP) announced that Phazar Antenna Corp., in Mineral Wells, TX, a wholly owned subsidiary, is introducing several new DAS antennas at the PCIA Infrastructure show opening on October 4, 2011 in Dallas, Texas.
PHAZAR CORP, through its subsidiaries, engages in the design, manufacture, and marketing of antennas, wireless mesh network solutions, guyed and self supported towers, support structures, masts, and communication accessories worldwide.
Ramtron International Corp. (Nasdaq:RMTR) announced that Eric A. Balzer, Chief Executive Officer, and Mark R. Kent, Chief Financial Officer, will present at the Craig-Hallum 2nd Annual Alpha Select Conference. The presentation is scheduled to begin on Thursday, October 6th at 9:20am ET at the Roosevelt Hotel in New York City.
Ramtron International Corporation, a fabless semiconductor company, designs, develops, and markets specialized semiconductor memory, microcontroller, and integrated semiconductor solutions.
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.
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.
Electronics manufacturers use gold extensively to take advantage of its high conductivity. Gold conducts electricity better than all other metals except silver and copper. And it doesn’t corrode easily. This makes the metal an ideal choice for plating contacts, terminals, printed circuits and semiconductors.
For more information about MAJESTIC GOLD CORP. visit its website: http://www.majesticgold.net
Qualstar Corp. (Nasdaq:QBAK) announced that its widely regarded RLS-8500 Series rack mount tape libraries and the new RLS-8350 model now feature library-based encryption key management to eliminate the risk of data loss while tapes are in transit to external disaster protection sites or other remote locations. RLS-8500 Series libraries incorporating encryption key management are now shipping.
Qualstar Corporation designs, develops, manufactures, and sells automated magnetic tape libraries used to store, retrieve, and manage electronic data primarily in the network computing environments worldwide.
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