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CCK, MCP, CCI, AVOT, CRWE - Stock News! from CRWEfinance.com

  • Published By: The Editor


Jan . 31 2011 - 02:28 pm

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Crown Holdings Inc. (NYSE:CCK) announced that it has priced a private placement of $700 million principal amount of 6.25% senior unsecured notes due 2021 (the “New Notes”). The New Notes were priced at 100% of the principal amount and will be issued by Crown Americas LLC and Crown Americas Capital Corp. III, each a subsidiary of the Company, and will be unconditionally guaranteed by the Company and substantially all of its U.S. subsidiaries. The Company intends to use the net proceeds of the offering to retire all of Crown Americas LLC’s and Crown Americas Capital Corp.’s $600 million of outstanding senior unsecured notes due 2015 (the “2015 Notes”), to pay any fees associated with the offering of the New Notes and to pay redemption or tender premiums associated with repaying the 2015 Notes, as well as for general corporate purposes.

Crown Holdings, Inc. engages in the design, manufacture, and sale of packaging products for consumer goods.

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American Video Teleconferencing Corp. (AVOT.PK)

Rare-earth metals include terbium, which finds use in flat-panel TVs and high-efficiency fluorescent lamps, and neodymium, key to the permanent magnets in high-efficiency electric motors. Rare-earth metals are not indeed rare. The series of nonferrous metals is common in the environment. According to Design Chain Associates, most rare-earth metals are as common as copper, and even the rarest is more common than gold.

Part of the market pressure on rare-earth metals comes from new demands that green technologies has prompted. The market, including electric- and hybrid-vehicle motors and wind turbines, requires magnets.

Québec is one of the top 10 mineral producers in the world. Specifically, it is:

  • The second largest producer of gold and iron in Canada
  • The second largest producer of metallic substances in Canada
  • The second largest producer of industrial minerals and construction materials in Canada
  • The world’s second largest producer of niobium

American Video Teleconferencing Corp. is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada. The property has been dormant since the 1960’s when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City. This property is only one of several advanced stage properties AVOT has under consideration in the province of Quebec.

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Crown Equity Holdings Inc. (CRWE.OB)

Crown Equity is extending its internet footprint internationally to include the following countries; Argentina, Brazil, Canada, China, France, Germany, Hong Kong, India, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, New Zealand, Pakistan, Russia, Singapore, Spain, South Africa, Taiwan, United Arab Emirates and United Kingdom.

The cornerstone of Crown Tele Services Inc. strategy is to meet the highest standards when it comes to delivering VoIP (Voice over Internet Protocol) communication solutions specifically designed to meet the market needs.

Commenting on the venture with Crown Tele Services Inc, Kenneth Bosket, president said, “We are still excited with this opportunity to expand our footprint in this valuable market. The demand for internet-based voice and video services is growing exponentially and our new subsidiary Crown Tele Services Inc. has launched its new website and intends to emerge as a service provider of choice.”

In other company news, Crown Equity recently reported its financial results for the nine month period ending September 30, 2010. Revenue for the nine months totaled $1,073,383 compared to $418,959 during 2009. Crown Equity incurred an operating loss of $54,527 for the nine months ending September 30, 2010 compared to an operating loss of $36,923 during the same period in 2009. Net loss of $343,049 for the nine months ending September 30, 2010 compared to a net loss of $29,379 for the same period in 2009. The net loss in 2010 was attributed mostly to an unrealized loss of $307,544 on securities held by Crown Equity.

“Our continued progress in operations including an operating profit of $7,251 during the last quarter shows a continued growth in our business,” commented Kenneth Bosket, President & CEO of Crown Equity “Not only do our financial results show strong growth during this year but our continued investment in infrastructure will support our future growth,” stated Bosket.

To learn more about CRWE visit: http://www.crownequityholdings.com

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Molycorp, Inc. (NYSE:MCP) announced that its Board of Directors has approved a Phase 2 expansion plan that is expected to double the production capacity of its Mountain Pass facility in California. In addition, the Company has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) in connection with a proposed mandatory convertible preferred stock offering by the Company as well as an offering of common stock by certain stockholders.

Molycorp, Inc., a development stage company, focuses on the production and sale of rare earth oxides (REO’s) from stockpiled feedstocks in the western hemisphere. It operates the Mountain Pass mine, a non-Chinese rare earth deposit.

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Crown Castle International Corp. (NYSE:CCI) reported results for the quarter and year ended December 31, 2010. “We had an excellent fourth quarter and full year 2010, growing site rental revenue and recurring cash flow from 2009 to 2010, by 10% and 22%, respectively, reflecting the continued strong underlying growth in the business,” stated Ben Moreland, President and Chief Executive Officer. “Our U.S. services business also performed exceptionally well, with service revenues up 25%, compared to full year 2009. In addition to excellent financial results in 2010, we refinanced approximately $3.5 billion of debt, accomplishing our goal of refinancing our near-term debt into an appropriately laddered maturity structure.

Crown Castle International Corp., through its subsidiaries, engages in the ownership, operation, and leasing of towers and other communications structures primarily in the United States and internationally.

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