Main Street Capital Corporation (NYSE:MAIN) announced the expansion of total commitments under its three-year credit facility (the “Credit Facility”) from $210 million to $235 million . The $25 million increase in total commitments included the addition of one new lender relationship which further diversifies the Main Street lending group to a total of eight participants. The recent increase in total commitments was executed under the accordion feature of the Credit Facility which allows Main Street to increase the total commitments under the facility up to $300 million of total commitments from new or existing lenders on the same terms and conditions as the existing commitments.
Main Street Capital Corporation is a business development company specializing in equity, equity related, and debt investments in small and lower middle market companies.
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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.
Countless civilizations, regardless of their differences, have agreed on two things - the allure and the significance of gold.
From the Egyptians to the Aztecs, from ancient Greek states to the empires of Asia and Arabia, gold has held a universal and compelling appeal. Demonstrating purity and rarity, this incorruptible material has also become infused with ritual, power, decoration and love.
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.
Ancient craftsmen discovered gold to be malleable and permanent; to bend to their will and to take shape instantly, holding that form forever. Beautiful to hold and behold, gold became the ultimate precious metal for adornment, as intimate, personal jewelry or more flamboyant symbols of power.
For more information please visit official website of MJGCF.PK: http://www.majesticgold.net
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United Microelectronics Corporation (NYSE:UMC) a leading global semiconductor foundry, announced its A+ technology platform, a specialized 0.11um aluminum process manufactured in UMC’s 8″ fabs. UMC is the only foundry to offer the most complete 0.11um full aluminum BEoL (Back End of Line) process, providing customers with a cost effective alternative to mainstream 0.13um and 0.11um copper technologies. The unique A+ platform consists of a comprehensive blend of technology offerings that no foundry can provide, which include logic/MM, RFCMOS, eFlash, eE2PROM, eHV and CIS to address customers’ integration, performance, and cost requirements.
United Microelectronics Corporation operates as a semiconductor wafer foundry. The company provides wafer fabrication services and technologies to its customers based on their designs.
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Canadian National Railway Company (NYSE:CNI) announced it will complete the merger of three of its U.S. operating subsidiaries. The merger of Duluth , Missabe and Iron Range Railway Company (DMIR), Duluth , Winnipeg and Pacific Railway Company (DWP), and Wisconsin Central Ltd. (WC) will simplify CN’s corporate structure and operations by combining these three separate connecting rail affiliates into a single entity — Wisconsin Central Ltd.
Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business in North America.
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