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 Global Hunter to fund project expenses and for general working capital purposes.
Global Hunter�s focus is on strategic and base metals, particularly copper and molybdenum. Global Hunter has built an outstanding portfolio of projects in the stable geopolitical geographies of Canada and Chile. Global Hunter�s 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 Global Hunter forward on a stand-alone basis, but together they bring Global Hunter additional stability, strength and value.
For More Information Go To: www.globalhunter.ca
American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it has signed an option agreement for three gold bearing claim blocks situated in the northern mining district of Saskatchewan, Canada.
Assays taken in 2008 on selected samples returned repeatable high grade gold values of 7gms/ton (.25oz) to 112.9gms/ton (3.99oz/ton).The property owners did random sampling in June 2007 and had an assay of 933gms/ton (32.9oz/ton) of gold from one of the samples and that prompted the writing of a technical report on the project that was prepared in compliance with the National Instrument 43-101 and Form 43-101F1 and was issued on November, 28 2008. The writer was Duncan Bain P Geo. who resides in London Ontario, Canada.
Samples that were taken as part of a work program done on the property were sent to an ISO-certified assay laboratory based in Saskatoon, Saskatchewan Canada. The project is 1385 hectares in area and covers several documented nickel-copper and gold showings and land in proximity to lake sediment geochemical and biogeochemical anomalies. All these are part of the Snowbird Tectonic Zone which is a major tectonic structure and extends for more than 2,000 kilometres. Access to the project is currently by float or ski equipped aircraft or by helicopter to Stony Rapids which is accessible by commercial aircraft from the major cities of Saskatoon or Regina in southern Saskatchewan.
The expenditures for the 2010-2011 work program will be paid by the property owners due to an arrangement reached in the option agreement with the issuance of 1.2 million restricted shares (144).
Alanco Technologies Inc. (Nasdaq:ALAN) announced the appointment of E. Kevin Dahill as President of its sole subsidiary, Star Trak Systems, LLC, effective immediately. Mr. Dahill replaces founder and Director Tim Slifkin, who has been appointed to the new position of StarTrak Chief Technology Officer. Mr. Dahill has extensive executive level experience in a broad range of both public and private technology companies. Prior to joining StarTrak, Mr. Dahill was Acting Chief Financial Officer at Affinity Solutions, Inc., a $20 million privately-held technology-based provider of customer loyalty programs to financial services companies.
Alanco Technologies, Inc., through its subsidiary, StarTrak Systems, provides GPS tracking and wireless asset management services to the transportation industry. The company provides tracking, monitoring, and control services to the refrigerated or Reefer.
BioSante Pharmaceuticals, Inc. (Nasdaq:BPAX) announced it sold to Cold Genesys, Inc. exclusive, worldwide rights to develop and commercialize its oncolytic virus technology. The technology includes CG0070, a replication-competent adenovirus that has completed a Phase I clinical trial for treatment of superficial bladder cancer. In exchange for the technology, BioSante received a 19.9 percent ownership position in Cold Genesys and a $95,000 upfront cash payment and is eligible to receive future milestone and royalty payments. Oncolytic (cancer cell killing) virus therapy is novel therapy that utilizes adenoviruses, a cause of the common cold,which are engineered to selectively replicate in targeted cancer cells, thereby killing these cells while leaving healthy cells largely unharmed.
BioSante Pharmaceuticals, Inc., a specialty pharmaceutical company, develops products for female sexual health and oncology. Its lead products include LibiGel (transdermal testosterone gel) for the treatment of female sexual dysfunction (FSD).
Monarch Community Bancorp Inc. (Nasdaq:MCBF) announced a loss for the quarter. $2.6 million based on net loss available to common shareholders compared to a net loss available to common shareholders of $440,000 for the quarter ended September 30, 2009. Basic and diluted losses per share for the quarter ended September 30, 2010 were $(1.32) compared to $(.22) for the same period in 2009. Monarch Community Bancorp also reported a net loss for the first nine months of 2010 of $10.8 million compared to a net loss of $2.2 million for the same period a year ago. Basic and diluted losses per share for the nine months ended September 30, 2010 were $(5.48) compared to $(1.13) for the same period in 2009. Rick DeVries, President and CEO of Monarch Bancorp, Inc. and Monarch Community Bank, explained that the loss was due principally to the large level of problem loans, which required additional charge-offs.
Monarch Community Bancorp, Inc. operates as the holding company for Monarch Community Bank, which provides various banking services to consumers and businesses in Branch, Calhoun, and Hillsdale counties of Michigan.
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