MDC Partners Inc. (Nasdaq:MDCA) announced that member firm Anomaly has opened an office in Amsterdam . The move expands Anomaly’s micro-network and offers their clients a new approach to communications within the European arena. The agency already has thriving locations in New York and London .
MDC Partners Inc. provides marketing communications services to customers internationally. The company’s Strategic Marketing Services segment offers a suite of integrated marketing communication and consulting services, including advertising and media, interactive marketing, direct marketing, public relations, corporate communications, market research, corporate identity and branding, and sales promotion.
Majestic Gold Corp. (MJGCF.PK)
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.
Gold is soft, ductile and the most malleable of metals and because of this is usually alloyed to give improved strength and durability. Gold’s reflectivity of ultraviolet and visual light rays is low, however it has high reflectivity of infrared and red wavelengths. Gold is a good conductor of heat and electricity, and is unaffected by air, nitric, hydrochloric, or sulphuric acid and most other reagents. A mixture of one part nitric acid with three parts hydrochloric acid, called aqua regia, dissolves gold. It is also dissolved by solutions of azoimide. Further, it is attacked by sodium, and potassium cyanide plus oxygen.
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 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 company: www.majesticgold.net
Mediware Information Systems Inc. (Nasdaq:MEDW) announced that Michael Martens will step down as chief financial officer of the company effective February 15, 2012. Mr. Martens leaves the Company to rejoin a former employer.
Mediware Information Systems, Inc., together with its subsidiaries, engages in the design, development, and marketing of software solutions targeting specific processes within healthcare institutions.
Xyratex Ltd. (Nasdaq:XRTX) announced that its Board of Directors (the “Board”) has approved a quarterly cash dividend of $0.055 per share. The dividend will be payable on December 9, 2011 to shareholders of record as of the close of business on November 25, 2011 .
Xyratex Ltd provides modular enterprise-class data storage solutions and storage process technology. The company designs, develops, and manufactures enabling technology that supports storage and data communication networks.
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