Global Hunter Corp. (TSX.V: BOB) (FSE:G5D) has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by the Company to fund project expenses and for general working capital purposes.
The loan will have a two year term and loan principal will be convertible at the option of the lender in whole or in part into units of the Company until eighteen months from the date of the loan advance at the price of $0.06 per Principal Unit. Each Principal Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.10 at any time until eighteen months from the date of the loan advance. The loan will bear interest at the rate of 12% 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 units of the Company until eighteen months from the date of the loan advance at the price of $0.05 per Interest Unit. Each Interest Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.075 at any time until eighteen months from the date of the loan advance.
Global Hunter’s focus is on strategic and base metals, particularly copper and molybdenum. The Company has built an outstanding portfolio of projects in the stable geopolitical geographies of Canada and Chile. Our exploration and development teams are on the ground rapidly advancing the La Corona de Cobre property near La Serena, Chile and the Rabbit South property in British Columbia, Canada. Either one of these projects could carry the company forward on a stand-alone basis, but together they bring the company additional stability, strength and value.
For More Information Go To: www.globalhunter.ca
GreenHouse Holdings, Inc. (OTCQB:GRHU), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, announced the signing of multiple contract awards for its Life Protection (LPI) Governmental Services Division, totaling $6 million. The recently acquired LPI subsidiary provides innovative training, support, design and construction of facilities and services to meet the needs of the U. S. Government, military, and law enforcement agencies.
The governmental contracting entities include the U.S. Marine Corps School of Dynamic Entry in Quantico, VA and the U.S. Army Schofield Barracks Range Support in Honolulu, HI. The combined value of these contracts totals $1.5 million and includes GreenHouse’s brand of Rapidly Assembled Portable Structures, (RAPS). In addition, to the governmental contracts, GreenHouse has signed contracts totaling $4.5 million for commercial projects, including a design-build contract for services ranging from project management and land planning to eco-friendly building products and services. GreenHouse expects the majority of the contracted work to be completed by year end 2010.
“These contract awards with new and existing clients is a reflection of the trust our customers have in GreenHouse’s commitment to delivering top-quality products and services,” said Russ Earnshaw, President of GreenHouse Holdings. “We are extremely proud of LPI’s ability to immediately secure highly desirable contracts within an industry with high barriers to entry. Management remains dedicated to strengthening our associations with the Directors of government agencies and expanding our geographic footprint as we continue to increase revenue, grow earnings and improve overall shareholder value.”
American Strategic Income Portfolio Inc. (NYSE:ASP) declared on November 19, 2010 their December distributions. The distributions will be allocated on a per-share basis on the common stock. The distributions have a December 1, 2010, ex-dividend date and will be paid on December 15, 2010, to shareholders of record on December 3, 2010.
American Strategic Income Portfolio Inc. is a close ended fixed income mutual fund launched and managed by FAF Advisors, Inc. It invests in the fixed income markets of the United States.
Diana Shipping Inc. (NYSE:DSX) announced on November 18, 2010 that the Company has taken delivery of the m/v �East Sunrise 88,� renamed �Alcmene,� a 93,193 dwt Post-Panamax dry bulk carrier built in 2010. As previously announced, the Alcmene is chartered to Cargill International S.A., Geneva for a period of about twenty-three (23) to about twenty-five (25) months, at a gross charter rate of US$20,250 per day. The charter is expected to commence on November 20, 2010.This employment is anticipated to generate approximately US$14 million of gross revenue for the minimum scheduled period of the charter.
Diana Shipping Inc. provides shipping transportation services worldwide. The company transports dry bulk cargoes that include commodities, such as iron ore, coal, grain, and other materials along worldwide shipping routes.
Royal Bank of Scotland Group plc (NYSE:RBS) announced on November 22, 2010 that Wendy A. Watson has been elected to its Board of Directors. Watson, a former business line CEO and active board member with more than 30 years experience in the financial services industry, also was elected to the RBS Citizens, N.A. and Citizens Bank of Pennsylvania boards of directors.�We are proud to welcome Wendy to CFG�s Board of Directors,� said CFG and RBS Americas Chairman and CEO Ellen Alemany. �Wendy�s executive leadership, global banking expertise and board directorship experience will serve our organization well as we continue to build upon CFG�s commitment to being a responsible corporate leader engaged in the community.�
The Royal Bank of Scotland Group plc, through its subsidiaries, offers banking and financial services to personal, commercial, corporate, and institutional customers in the United Kingdom, the United States, and internationally.
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