Apogee Enterprises, Inc. (Nasdaq:APOG) announced fiscal 2012 third-quarter results. Apogee provides distinctive value-added glass solutions for the architectural and picture framing industries. evenues of $174.9 million were up 19 percent. Operating income was $7.2 million, compared to a loss of $1.8 million. Per share earnings were $0.20, compared to a loss of $0.08. Architectural segment revenues increased 21 percent, with operating income of $0.6 million compared to a loss of $8.4 million. Revenues of $152.1 million were up 21 percent, with 7 percentage points of the increase coming from the addition of the Brazilian architectural glass business acquired in the fourth quarter of fiscal 2011. The remaining growth was split between increased volume in the window and storefront businesses, and improved architectural glass pricing.
Apogee Enterprises, Inc., together with its subsidiaries, engages in the design and development of glass products, services, and systems.
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Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of material handling products, announced the launch of its new Lodestar Electric Chain Hoist. Building on the CM Lodestar 50-year tradition of excellence, the advancements made to this product were engineered to meet American and international standards for use in all types of lifts and applications. In addition, the new design provides for a longer service life and improved serviceability, performance and safety. The new Lodestar has a capacity range up to 3 tons.
Columbus McKinnon Corporation designs, manufactures, and markets material handling products for commercial and industrial end-user markets in the United States, Europe, Canada, and internationally.
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Aegion Corporation (Nasdaq:AEGN) announced that its subsidiary, The Bayou Companies, LLC, has been awarded a contract to coat approximately 80 miles of 16-inch and 18-inch diameter oil and gas pipelines for the Shell Mars B deep water development.
Aegion Corporation, through its subsidiaries, provides proprietary technologies and services for rehabilitating sewer, water, energy, and mining piping systems and the corrosion protection of industrial pipelines in North America and internationally.
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Majestic Gold Corp. (MJGCF)
Majestic Gold Corp. (MJGCF.PK) engages in the acquisition, exploration, and mining of precious metals in China. The company primarily explores for gold deposits. It holds interest in the Song Jiaguo Property located on the Jiaodong Peninsula in Muping County, the Shandong Province. The company is headquartered in Vancouver, Canada.
Gold is a rare, heavy metal that is yellow in color. It is found naturally in many different parts of the world, both above and below ground - but in greater quantity below ground. Before gold was discovered in the late nineteenth century deep under the ground on the Witwatersrand, in what is now Gauteng Province in South Africa, most of the worlds gold came from West Africa. Since then, South Africa has become the world’s most important gold producer - currently producing more than 65 % of the world’s gold, and possessing the world’s richest untapped gold deposits. In Africa gold is primarily found in West Africa, Zimbabwe, South Africa, Namibia and Tanzania. Gold is also mined in Russia, Australia, the USA and Canada, with smaller deposits being found elsewhere.
Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% 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 shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
Gold is a rare metallic element that is found in natural settings, mostly in veins of quartz and in certain other alluvial deposits. It can be found in a free state or in combination with other metals. Gold, as a precious metal, has been valued and held in high esteem since ancient times and is still one of the most highly prized metals that has, throughout the ages, been used to symbolize wealth and power.
Some speculate that gold is probably the earliest known metal because it has been found in tombs and among artifacts dating back to the earliest known civilizations. Easily shaped, carved, melted, chiselled or hammered, gold is one of the softest, densest, metals that exist.
For more information please visit official website of MJGCF.PK: http://www.majesticgold.net
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