MedCath Corporation (Nasdaq:MDTH) announced that the company’s stockholders approved the proposals contained in a proxy statement filed with the Securities and Exchange Commission on August 17, 2011, authorizing the sale of substantially all of the remaining assets of MedCath and the dissolution of the company. MedCath also announced that its Board of Directors approved a cash distribution equal to $6.85 per share, which will be paid October 13, 2011 to stockholders of record on October 6, 2011. The amount of the distribution is consistent with the amount of the anticipated initial distribution described in the proxy statement dated August 17, 2011.
MedCath Corporation, together with its subsidiaries, engages in the ownership and operation of hospitals in partnership with physicians in the United States.
Cadence Design Systems, Inc. (NASDAQ:CDNS) announced that ST-Ericsson, a world leader in wireless platforms and semiconductors, achieved a 10x productivity gain by using the Cadence® mixed-signal solution. By deploying the latest release of the Cadence Virtuoso® unified custom/analog flow (6.1) for complex custom, analog and mixed-signal design, and the Cadence Encounter® unified digital flow for low-power, mixed-signal implementation, ST-Ericsson successfully taped out a CMOS 40-nanometer integrated mixed-signal IC for the high-volume mobile phone market.
Cadence Design Systems, Inc. develops electronic design automation software and hardware for customers worldwide. Its products and services are used to design and develop integrated circuits (ICs), and electronics systems.
Bank of South Carolina Corporation, (Nasdaq:BKSC) the parent Company for The Bank of South Carolina, increased its dividend from $.10 per share to $.11 per share. This quarterly dividend is payable October 31, 2011 to shareholders of record as of October 12, 2011. Hugh C. Lane, Jr., President and Chief Executive Officer of The Bank of South Carolina, commenting on the 10% increase stated, “We thought it was important in this time of economic uncertainly to send a message to our shareholders, customers and community that The Bank of South Carolina remains a strong, profitable institution.”
Bank of South Carolina Corporation operates as the holding company for The Bank of South Carolina that provides commercial banking products and services to individuals, and small and medium-sized businesses in South Carolina.
Global Hunter (GBLHF.PK)
Molybdenum has a broad range of applications and uses. Molybdenum is used in metallurgical applications such as alloy steels, stainless steels and cast irons, and also it is used in chemical applications. One of the first applications of molybdenum was as a cost-effective replacement for tungsten in high-speed steels. In steel, molybdenum is highly versatile. It improves strength, hardness, toughness, weldability, elevated temperature strength, and corrosion resistance of other metals.
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
La Corona de Cobre, Chile:
+18,000 hectare land package in coastal belt of Andean Cordillera of Chile on the Atacama Fault Zone.(“Chilean Iron-Copper Belt”)
- Copper oxide deposit, leachable
- Existing NI 43-101 Resource Estimate (225 million pounds of copper)
- Management with proven track record
- Highly qualified technical team
- Low operating costs of appr. $ 1.00/lb (preliminary calculation)
- Substatntial upside potential (resource covers less than 0.1% of total area)
Rabbit South, British Columbia:
1,900 hectare land package between two of British Columbia’s most successful copper mines (Afton and Highland Valley)
- 1,900 hectares 26km from Kamloops, British Columbia, between the Afton and Highland Valley copper mines
- 86 holes drilled on property from 1979 to 2005
- Two large target areas identified
- Recent drilling confirms presence of wide-spread near-surface molybdenum mineralization
For more information http://www.globalhunter.ca/homeabout.html
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