Blog - Page 3847 of 5571

TuesdayJan 19, 2010 8:45 am

Amarc Resources, Ltd. (AXREF.OB) Increases Private Placement Financing to $5.5 Million

Amarc Resources, Ltd., a Vancouver-based mineral exploration and development company whose objective is to discover and develop the next major deposit in British Columbia, recently announced an increase in its private placement financing to $5.5 million, up from the original amount of $5 million announced late last year. An overallotment of 10% has been taken up on the private placement financing, which includes an additional 1 million common shares at a price of $0.50 per share. Approximately 50 percent of the original amount will be flow-through, which will be used in part to fund Canadian exploration expenses. None of the…

FridayJan 15, 2010 3:42 pm

Beacon Equity Research Featured Company: Sino Agro Food, Inc. (SIAF.PK)

Sino Agro Food, Inc. is an integrated, diversified agricultural technology and organic food company focused on developing, producing and distributing agricultural products in the Peoples Republic of China. The company aims to meet the increasing demand of China’s rising middle class for gourmet and high-quality food items. Current lines of business include the manufacture and distribution of Bio-Organic Fertilizer and Stock-Feed, as well as, fisheries, dairies, and Hylocereus Undatus plantations. In P.R.C., the rapid progress of industrialization of the last decade has unbalanced the needs of developments and activities of the agriculture industry. Sino’s management team has many years of…

FridayJan 15, 2010 3:22 pm

Aberdeen Australia Equity Fund, Inc. (IAF) Pays Quarterly Distribution

Aberdeen Australia Equity Fund, Inc. paid a dividend of $0.22 per share on January 15, 2010 to all shareholders of record as of December 31, 2009. Since Aberdeen Australia Equity Fund, Inc. is regulated under the Investment Company Act of 1940. The distributable income of the fund must be reported as separate components for tax purposes as follows: Net Investment Income - $0.0593 Net Realized Short-Term Capital Gains - $ 0.0 Net Realized Long-Term Capital Gains - $0.1104 Return of Capital - $0.0503 The Aberdeen Australia Equity Fund, Inc. said that the components above are only estimates and a final…

FridayJan 15, 2010 2:58 pm

China Facing Google (GOOG) Rebellion

Economic globalization and instant worldwide communication through the Internet have resulted in cultural, economic, and political clashes that could promote human rights and democracy in ways never before possible. The most recent example is the standoff between the centralized government of China and Google over the government’s censorship of search results. China requires all Internet traffic to pass through government gateways, which then filter out anything the government considers subversive. Sites which are blocked by the filters do not show up on searches at Google’s China-based website. Google has reluctantly gone along with the rules, given that China represents the…

FridayJan 15, 2010 2:08 pm

Icagen, Inc. (ICGN) is “One to Watch”

Icagen, a biopharmaceutical company, focuses on discovering, developing and commercializing novel small molecule drugs that modulate ion channel targets. The company has developed an integrated technology platform that enables the efficient discovery of drug leads. Ion channels are protein structures found in nearly every cell of the human body. These channels span the cell membrane and regulate the flow of ions, charged particles such as sodium, potassium, calcium and chloride, into and out of cells. Currently, there are 35 drugs that modulate ion channels which are marketed by third parties for multiple therapeutic indications. Icagen utilizes a target class approach…

FridayJan 15, 2010 11:28 am

Bingo.com, Ltd. (BNGOF.OB) Announces Selection of Cozy Games as New Software Provider

Bingo.com, Ltd., operator of the online gaming community http://www.bingo.com, announced this morning that it has selected Cozy Games to be its new core software platform for bingo, slots, and other casino games. The games are now available to everyone at the Bingo.com website after a smooth transition to the new system. "We're excited to be live on the Cozy Games system," stated Tarrnie Williams, Bingo.com's CEO. "We believe that with an improved bingo product, the addition of over 30 new slots games, the upcoming availability of our games over smart phones, and many other advanced features, Bingo.com will experience greater…

FridayJan 15, 2010 11:24 am

Medical Care Technologies Inc. (MDCE.OB) To Launch First Telehealth Clinic

Medical Care Technologies Inc. revealed exciting news today, January 15, 2010, about leveraging the Company’s proprietary Telehealth technology in the opening of MCDE’s very first Telehealth Clinic in Tianjin, 100km SE of Beijing. The London, England-based MDCE’s Telehealth technology is a framework for providing advanced connectivity and internationalized standardization in a secure environment for the growing Asian health industry. The Company has entered into talks with local Chinese officials in order to secure this initiative, which will represent only the first of many such sites, as is consistent with MCDE’s business strategy to move from a portfolio of oil into…

FridayJan 15, 2010 11:20 am

General Environmental Management, Inc.’s (GEVI.OB) Acquisition of Santa Clara Waste Water

Just two short months ago, General Environmental Management Inc. announced an important first step in its move from a field waste services company into more lucrative sectors such as water treatment. The company reported the completion of its acquisition of Santa Clara Waste Water (SCWW) in California. Santa Clara Waste Water is a profitable, 50 year old company focused primarily on waste water treatment. Since its inception, SCWW has treated more than 2 billion gallons of waste water and was among the top 100 privately-owned, non-hazardous, waste water utilities in the United States. The company financed the acquisition through six…

FridayJan 15, 2010 9:33 am

GSC Investment Corp. (GNV) Reports Investment Gain in Third Fiscal Quarter

GSC Investment Corp. reported net investment income of $0.9 million, or $0.10 per share, in its third fiscal quarter ending 11/30/2009. The company also reported a strong gain on investments of $8.3 million, or $0.91 per share, during the quarter. For the first nine months of the fiscal year, the company reported net investment income of $4.5 million. GSC Investment Corp. said that most of the gain was due to unrealized appreciation in its net assets, which ended the quarter at $3.80 per share, down from $6.91 per share in the previous quarter. The large decline in net asset value…

FridayJan 15, 2010 9:30 am

InfoSpi Inc. (ISPI.OB) to Finalize Lease Negotiations

InfoSpi Inc. recently announced that it is currently working towards finalizing negotiations to lease a 40,000 square feet warehouse with railroad access in Pompano Beach, Florida. The warehouse will be used to install InfoSpi's first Tire to Oil (T2O) facility – a milestone in the development of the project. Chris Hamilton, CEO of InfoSpi, commented, "Our ability to convert over 1,000,000 -used tires in each of our facilities into much needed re-useable commodities is exciting.” The facility will be capable of processing 30 tons of used tires per day, recovering oil, carbon black and high-grade steel. The company plans to…

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