SYNNEX Corp. (NYSE:SNX), a leading business process services company, will announce fiscal fourth quarter and annual results for the period ended November 30, 2011 after market close on Tuesday, January 10, 2012. A conference call will be held to discuss the results at 2:00 p.m. PT and will be hosted by Kevin Murai, President and Chief Executive Officer; Dennis Polk, Chief Operating Officer; Thomas Alsborg, Chief Financial Officer; and Chris Caldwell, Senior Vice President and General Manager, Global Business Services.
SYNNEX Corporation provides distribution and business process outsourcing services to resellers, retailers, and original equipment manufacturers (OEMs).
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Black Hills Corporation (NYSE:BKH) utility subsidiary Black Hills Energy - Colorado Electric announced plans to respond to an administrative law judge’s initial recommendation to the Colorado Public Utilities Commission to deny the utility’s request for a certificate of public convenience and necessity. Black Hills Energy is seeking approval to construct an LMS100 natural-gas-fired turbine to replace its W.N. Clark facility being retired in compliance with the Colorado Clean Air - Clean Jobs Act, also known as House Bill 1365.
Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company primarily in the United States.
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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 metallic, with a yellow colour when in a mass, but when finely divided it may be black. It is the most malleable and ductile metal; 1 ounce (28 g) of gold can be beaten out to 300 square feet. It is a soft metal and is usually alloyed to give it more strength. It is a good conductor of heat and electricity, and is unaffected by air and most reagents.
Gold is usually alloyed in jewellery to give it more strength, and the term carat describes the amount of gold present (24 carats is pure gold). It is estimated that all the gold in the world, so far refined, could be placed in a single cube 60 ft. on a side.
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 company: www.majesticgold.net
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EnPro Industries, Inc. (NYSE:NPO) announced that Don DeFosset will retire from the company’s Board of Directors, effective December 31, 2011, and that B. Bernard Burns, Jr. has been elected by the Board to fill the vacancy that will be created upon Mr. DeFosset’s retirement.
EnPro Industries, Inc., together with its subsidiaries, engages in the design, development, manufacture, and marketing of engineered industrial products primarily in the United States and Europe.
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