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BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) announced the expiration of the Fund’s annual Repurchase Offer for its shares of common stock.The Fund offered to repurchase up to 5% of its outstanding shares of common stock for cash at a price equal to the net asset value as of the close of regular trading on the New York Stock Exchange on December 10, 2010, subject to a repurchase fee of 2% of the Fund’s net asset value per share, which will be deducted from the repurchase price. As of Friday, November 26, 2010, 11,750,628 shares of the Fund were outstanding. A repurchase amount of 5% of the outstanding shares of the Fund’s common stock would represent approximately 587,531 shares.
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2010, BlackRock’s AUM was $3.446 trillion.
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Resolute Energy Corporation (NYSE:REN) announced its participation in upcoming investor conferences. On Wednesday, December 8, 2010, the Company will present to attendees of the Capital One Southcoast 5th Annual Energy Conference. On Thursday, December 9, 2010, the Company will present to attendees of the Susquehanna Financial Group’s Winter Energy Event, being held at the Four Seasons Hotel in Denver, CO at 3:00 PM CST.
Resolute is an independent oil and gas company engaged in the acquisition, exploitation and development of oil and gas properties.
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Majestic Gold Corp. (TSX.V:MJS)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. Majestic focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic is headquartered in Vancouver, Canada.
Sawayaerdun Project
Sale of Assets 2009:
On April 21, 2009, Majestic announced that it had negotiated an agreement to sell its 72% joint venture interest in the Sawayaerdun gold project in Tianshan Province, China to its Chinese co-venturers for approximately C$7,350,000.
The purchasers, Xinjiang Baodi Mining Ltd. and Brigade No. 2 of Xinjiang Geography & Mine Exploration and Development Bureau, are the Company’s dual partners in Xinjiang Majes Mining Inc., the Chinese joint venture company originally established to develop the Sawayaerdun project. On May 14, 2009, the agreement was granted final acceptance by the TSX Venture Exchange.
Location:
The Sawayaerdun Gold Project is located 200 kilometers northwest of Kashi in the western region of Xinjiang Province, China. The property is located in the prolific Tian Shan Gold Belt which hosts numerous world class gold deposits including Muruntau (140,000,000 oz Au) and Kumtor (13,900,000 oz Au). Gold deposits in this belt are commonly structurally controlled, occurring along fault/shear zones within metamorphosed sedimentary rock.
Project Highlights:
- Historical Resource* >3.0 Mi oz Au reported on license (*not NI 43-101 compliant)
- Includes >1.4 Mi oz Zone IV
- Proven geological model - in prolific gold belt
- Immense gold system (>5km X >2km)
- Over 120 trenches identifying 22 gold zones on surface
- 4 main zones with combined surface trace over 11.5 km
- Previous trenching and drilling results demonstrated good continuity of gold mineralization laterally and down dip
To learn more about Majestic visit: http://www.majesticgold.net
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Hanger Orthopedic Group Inc. (NYSE:HGR) announced that it will provide a live, listen-only webcast of the management presentations taking place at its Analyst Day on Thursday, December 2, 2010. Thomas F. Kirk, President and Chief Executive Officer of Hanger Orthopedic Group, will be the lead presenter, followed by senior management presentations, among others, related to the Company’s operating units.
Hanger Orthopedic Group, Inc. engages in the ownership and operation of orthotic and prosthetic (O&P) patient-care centers in the United States.
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Orofino Gold Corp. (ORFG.PK)
Orofino Gold Corp. is a China based gold producer with one producing gold mine in Colombia and an option on a strong portfolio of small producers and development/exploration assets in Colombia.
ORFG was founded as a private company in 2009 by former executives and management with over 50 years of combined mining exploration, finance and development experience.
ORFG’s corporate objective is to continue to build shareholder value through the exploration and development of existing projects and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
San Carlos - Senderos de Oro Area
Geologically similar to Angostura and Ventana but higher grade, open at depth and to the west toward La Azul.
The observed metallogenic zonation around Senderos de Oro evokes a very viable “hidden porphyry” exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent “fast-trackable” bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets.
Culo Alzado
Regional geochemistry (stream sediments & soils) has outlined three potential areas for more detailed exploration. All areas have similar NE–trending structural control, historic workings. Most advanced target – 1500 meters long with many historic tunnels and rock sample results up to 253.1 g/t gold; pending soil grind results, drilling planned in 2011.
The observed metallogenic zonation around Senderos de Oro evokes a very viable “hidden porphyry” exploration model. Based upon exploration carried out to date, it is clear that the area hosts significant resources of gold, copper and silver, which, facilitated by the current database and favorable topography, has generated excellent “fast-trackable” bulk-tonnage or high-grade underground Au-Ag-Cu exploration targets. ORFG will be mobilizing drills in the first quarter of 2011.
To learn about ORFG visit: http://www.orofinogold.com
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