Gary Marti, express-news
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Border, cyber security, trade top congressional priorities
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Erdene Completes Private Placement Financing
HALIFAX, NOVA SCOTIA, Dec 06, 2011 (MARKETWIRE via COMTEX) –
Erdene Resource Development Corp.
/quotes/zigman/41761 CA:ERD
+1.12%
(“Erdene” or
“Company”), is pleased to announce it has completed the private
placement financing announced on November 16, 2011, led by Mongolian
International Capital Corporation (“MICC”). Total proceeds of the
private placement were $2,191,814 resulting in the issuance of
5,479,524 shares at $0.40 per share with net proceeds to the Company
of $2,084,305 after total commissions paid to MICC of $107,509
pursuant to the offering.
All securities issued are subject to a hold period of four months and
one day from the date of issuance. On November 28, 2011 the Company
announced a partial closing pursuant to this offering of $1,715,000
and issued 4,287,500 shares at $0.40 per share.
Proceeds of the private placement will be used to fund exploration of
the Company’s projects in Mongolia and for working capital.
Exploration expenditures will primarily be directed to the Altan Nar
epithermal gold project, where drilling is underway. For more details
on the Altan Nar project please visit Erdene’s website at
www.erdene.com to view the “Altan Nar Presentation” and recent core
photos of sulphide-bearing epithermal quartz veins from TND-16 and
TND-18, located 530 metres and 300 metres northeast of discovery hole
TND-09, respectively. These documents are available under the
Featured Items section on the homepage.
About MICC
MICC is the oldest and leading full service investment bank in
Mongolia, providing investment banking, equity research, securities
underwriting, and brokerage services to Mongolian and international
clients. Established in 2005, MICC is an experienced financial
advisor to mining and mining services companies in Mongolia, and has
managed initial public offerings and private placements for several
Mongolia-focused resource companies on the Australian Stock Exchange,
the Hong Kong Stock Exchange, and the Toronto Stock Exchange. MICC is
regulated by the Financial Regulatory Commission of Mongolia and is a
member of the Mongolian Stock Exchange.
About Erdene
Erdene Resource Development Corp. is a diversified resource company
with multiple projects in Mongolia, Canada, and the USA, at various
stages of development, from exploration to production; all projects
are focused on high-growth commodities. These include a 25% interest
in a large, high energy, coking and thermal coal resource located on
the Atlantic Ocean in Eastern Canada partnered with Xstrata Coal. In
Mongolia, Erdene’s management have over 14 years of experience in the
country’s resource sector. A dedicated technical and management team
has assembled a strong portfolio of molybdenum-copper, copper-gold,
and coal projects throughout the country. These projects, and our
in-country experience, provide the Company with a unique opportunity
to participate in this period of unprecedented economic growth in
Mongolia. This growth is fuelled by the discovery and development of
a number of World-class mineral projects that are transforming the
country into one of Asia’s natural resource capitals.
Erdene has a current working capital position, including net proceeds
of this offering, of $4.3 million, including that of its controlled
subsidiary Advanced Primary Minerals Corp., with 95,802,901 common
shares issued and outstanding and a fully diluted position of
103,410,901 common shares.
Qualified Person
J.C. (Chris) Cowan, P. Eng. (Ontario) is a Qualified Person as that
term is defined in National Instrument 43-101 and has reviewed and
approved the technical information contained in this news release.
Sample analyses have been carried out at SGS Laboratory in
Ulaanbaatar, Mongolia. In addition to internal checks by SGS
Laboratory, the company incorporates a QA/QC sample protocol
utilizing prepared standards, blanks and duplicates.
Forward-Looking Statements
Certain information regarding Erdene contained herein may constitute
forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact. Although Erdene
believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Erdene cautions that
actual performance will be affected by a number of factors, most of
which are beyond its control, and that future events and results may
vary substantially from what Erdene currently foresees. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration results, continued availability of capital and financing
and general economic, market or business conditions. The
forward-looking statements are expressly qualified in their entirety
by this cautionary statement. The information contained herein is
stated as of the current date and is subject to change after that
date. The Company does not assume the obligation to revise or update
these forward-looking statements, except as may be required under
applicable securities laws.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF
THIS RELEASE
Contacts:
Erdene Resource Development Corp.
Peter C. Akerley, President and CEO
Ken W. MacDonald
Vice President Business Strategy and CFO
(902) 423-6419
info@erdene.com
www.erdene.com
SOURCE: Erdene Resource Development Corporation
mailto:info@erdene.com
http://www.erdene.com
Copyright 2011 Marketwire, Inc., All rights reserved.
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Jan. 26, 2012 5:40p
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Fitness industry busy as New Year’s resolutions begin
GREEN BAY – The sneakers are laced and the treadmills are rolling, as folks hit the gym Monday, eager to get fit and stay active.
It’s a habit, I think. And it took me awhile to get into doing it every week. I was committed to it last year and I want to continue through this year,” said Steve Gonzalez, taking a break from his job on a treadmill.
The Club Director at Anytime Fitness in Howard says the winter time, especially New Year’s resolutions, brings a huge spike in membership.
“It definitely picks up. We usually have a sale right away, first week of the month. Like tomorrow, its a dollar sale to sign up for membership, said Club Director Lindsay Weinberg.
For those looking for more privacy and convenience, many are choosing to buy work out equipment for their home.
They really want to get back into shape, said Tom Zartner, a manager a Sears in Green Bay.
Sears says it typically sells the most exercise equipment at this time of the year. Thats why they put most of their inventory on sale right now.
They want to start anew, they want to possibly lose weight or just have fun, a new hobby, said Zartner.
Though many people are starting anew with fitness, some say theyre looking for that added motivation to continue fitness plans theyve already started.
I’ve been looking at these Nordic Tracks for several months now. Since we got into biking, I need something for winter time. We do so much activity in the summer, and we need something to do in the winter, said Lisa Heyroth of Mishicot, who was pricing treadmills with her husband and two sons.
Whether treadmill or elliptical–At home, or at the gym–Professionals say staying motivated is the key to fitness success in 2012.
Categories: Fitness
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Brazil’s 2011 trade surplus soars 48%
BRASILIA – Brazils trade surplus surged 48 per cent to US$29.79 billion (S$38.4 billion) in 2011 from the previous year, but a smaller surplus in December may signal that the global slowdown is already hitting the demand for and the price of the countrys exports.
The country posted a trade surplus of US$3.8 billion in December, the Industry and Trade Ministry said on Monday, down nearly 29 per cent from the same month in 2010. Novembers surplus totalled US$583 million, the ministry said last month.
Last years total trade surplus was the highest since 2007, when the country reported a positive trade balance of US$40 billion prior to the 2008-2009 global financial meltdown, according to ministry data.
Both exports and imports posted records in value terms for December, but the pace of growth in imports far outpaced that of exports for the month at 23 per cent versus 10.6 per cent respectively.
Analysts see lingering debt woes in Europe drying up global lending and curbing demand for and prices of key Brazilian products such as iron ore and soy.
In 2012, we will see a downward trend in the trade balance. We will continue to see surpluses but smaller ones because the terms of trade will no longer be as positive as in 2011, said Mr Newton Rosa, chief economist with SulAmerica Investimentos in Sao Paulo.
The Reuters-Jefferies CRB index, made up of 19
commodities, fell 8.49 per cent last year in the first annual drop since 2008. The index has fallen 18 per cent from its years peak reached last April.
The performance of commodities is key for the trade balance of one of the worlds top exporters of soy, iron ore and coffee.
The volume of coffee and raw sugar sold abroad eased in December from a year ago while iron-ore recovered some ground, according to trade ministry data.
A senior ministry official said he sees the prices of iron ore remaining stable in 2012 after the global economic slowdown eroded prices for the metal used to make steel. REUTERS
IMPACT Metabolic Fitness Training Program Unleashed in 31 States and 4 Countries
IMPACT Metabolic Fitness Training Program Unleashed in 31 States and 4 Countries
Fitness boot camps continue to gain in popularity around the globe. A new boot camp workout method called IMPACT wants to capitalize on this staggering popularity.
Sky trade for veterans Cash, Willingham
The Sky acquired three-time WNBA All-Star Swin Cash and forward LeCoe Willingham on Monday in exchange for their No. 2 overall pick in the 2012 WNBA draft.
The deal also includes Seattles second-round (No. 23 overall) draft pick.
With the additions of Swin and LeCoe we have gained tremendously skilled players and leaders, Pokey Chatman, the Skys coach and general manager, said in a statement. They also possess the experience and intensity needed to not only compete, but succeed at the highest level.
The acquisition of Cash adds a strong scoring presence with current star Sylvia Fowles, who was third in WNBA scoring with a 20.0 average last season.
The 32-year-old Cash, who won two WNBA championships with Detroit and another with Seattle, averaged 13.2 points and 6.9 rebounds per game last season. The 10-year veteran has scored more than 4,000 career points and has helped lead teams to nine playoff appearances.
She played college ball at Connecticut and was on the 2004 US Olympic gold medal team.
Willingham, 30, is a two-time WNBA champion who averaged 6.4 points and 4.2 rebounds for the Storm last season. She has reached the WNBA Finals four times.
Ask the Expert: How to Keep Your Fitness Resolution
Ask the Expert: How to Keep Your Fitness Resolution
Sal Gaglio of Sals Pro Sport Fitness Academy shares tips for keeping fitness goals in 2012.
Euro firms against dollar in Asian trade
The euro rebounded against the dollar in Asian trade, but ongoing worries over Europes debt woes will see investors favouring the greenback over the long-term, analysts said.
The euro rose to $1.2985 from $1.2939, while the dollar was trading at 76.85 yen from 76.98 late Friday in New York. Markets were closed yesterday and today in Japan for public holidays.
The European unit also firmed against the yen, changing hands at 99.79 against 99.62 late Friday.
With the euro facing capitulation risks in (the first quarter), the first half of the year is likely to favour the US dollar as a safe haven currency, Singapores DBS bank said in a commentary.
Great Wine Gifts are Just a Click Away
SAN FRANCISCO, Dec 6, 2011 (GlobeNewswire via COMTEX) –
The holidays are a time to gather together, celebrating the important people in our lives–but we can be stumped when it comes to how to express our appreciation. Thankfully, you just need one online stop to make your holiday gifting a delight: a fine wine source. And shopping for wine online is simpler, and less costly, than you might think. Many retailers offer holiday discounts, including special shipping rates. At Vinfolio.com, for example, your purchase of 6 bottles or more earns you 1-cent domestic shipping with the code SHIP6.
So whether it’s for your sweetheart, your boss, or your in-laws, there’s a fine wine to tell them just how special they are to you:
Your Sweetheart. This one’s easy! The love of your life brings a sparkle to your eye–so let that be your guide. Choose a vintage Champagne to commemorate your anniversary or a special milestone in your lives together. If red wine is more your style, choose the 2000 Calon Segur, a great Bordeaux with a subtle heart on the label.
Your Great Boss. Put your best foot forward with a prestigious Bordeaux. While the Bordeaux “first growths” like Lafite-Rothschild are the most well-known, the region’s other “classified-growth” chateaux offer highly-regarded choices that won’t strain your budget. Good candidates include Pichon Lalande, Palmer, and Cos d’Estournel.
Your Favorite Dinner Hosts. You’ve had countless gourmet meals at their table–this calls for more than a reciprocal invite. Non-vintage bubbly is just the thing. The Tarlant Brut Nature makes a spectacular aperitif, while the Billecart-Salmon Brut Rose, with its pretty salmon hue and delicate flavors, never disappoints.
Your next door neighbor. The one who is nice enough to mow your lawn or feed your cat? It’s nice to be neighborly in return. Show your appreciation with the aptly named 2005 Williams-Selyem “Westside Road Neighbors” Pinot Noir.
Best Friend. Your best friend, the one who is always there for you, deserves the best. Wines in their original wooden case (noted as “OWC”) make impressive, cherished gifts for the true collector. OWCs of Bordeaux and Burgundy are most likely to appreciate in value, meaning your gift will keep giving for years to come.
The In-Laws. They gave you the best gift in the world: your spouse! Rather than trying to compete, let them choose wines they’ll love with a gift card to an online fine wine retailer like Vinfolio. They’ll have instant access to thousands of unique wines to choose from and expert advice to guide their selections.
Media Contact: Mia Malm
Malm Communications LLC
mia@malmcomm.com
(707) 266-1320
About Vinfolio
Vinfolio is the fine wine source, providing extraordinary wines, exceptional service, and expert advice to enthusiasts and collectors worldwide. Designed by collectors for collectors, Vinfolio is dedicated to being the most trusted online resource to buy, sell and manage fine wine. Through its online wine store and peer-to-peer Marketplace, the company offers unparalleled access to thousands of unique wines. And Vinfolio’s comprehensive, integrated array of collector services includes sophisticated cellar management tools, specialized wine storage, and valuable wine-related content. For more information, visit
www.vinfolio.com .
This information was brought to you by Cision
http://www.cisionwire.com
http://www.cisionwire.com/malm-comm-press-room/r/great-wine-gifts-are-just-a-click-away ,c9196617
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This news release was distributed by GlobeNewswire,
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SOURCE: Vinfolio
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Fitness Often Not a Priority for College Students
Along with mothers cooking and the family dog, regular exercise is too often among the childish things young adults leave behind when they make the move from home to college.
Attention should be paid to this drop off, experts say, because those inactive in youth tend to remain inactive over their lifetime.
The transition from late adolescence to early adulthood represents the most dramatic declines in physical activity across a persons life, according to Dr. Matthew Kwan, a researcher at McMaster University in Ontario, Canada.
Kwan said campaigns tend to focus on increasing activity in adults.
Thats important, but its when declines have already occurred, he said. This is a critical period where we can actually intervene.
In a recent study that followed 683 Canadian adolescents from 12 to 15 years old for 12 years, researchers headed by Kwan found a 24 percent decrease in physical activity from adolescence to early adulthood.
The research, which appeared in the American Journal of Preventive Medicine, showed declines were steepest among young men entering university or college. Kwan said it might be a consequence of the big drop off in organized sports activity after high school.
Team sports, varsity activities tend to decrease or drop off entirely, he explained. For those who go to college, studies become more important. Then theres the social aspect that eats up their disposable time as well.
Women, already less active in high school, showed only a modest decline in physical activity.
It may be that girls experience the greatest declines earlier in adolescence, Kwan said.
Comparing the drop in physical activity to other risky behaviors such as smoking and binge-drinking, researchers found that while smoking and drinking began to plateau in early adulthood, inactivity continues its downward slide.
Smoking and binge drinking grab a lot of focus, but physical activity continues to decline, he said. It never really gets back up. As they get older, people just get more inactive.
Dr. James Pivarnik, an expert with the American College of Sports Medicine (ACSM), said much depends on the college or university.
Does the university you attend have the infrastructure to facilitate organized exercises, fitness centers, intramural sports? said Pivarnik, an exercise physiologist at Michigan State University. The built environment, as we call it, has a lot to do with how active people are.
Pivarnik, who is active in ACSMs Exercise is Medicine On Campus, initiative to promote physical activity at colleges and universities, suggests that students factor in fitness opportunities when deciding which school to attend.
It could be almost a recruiting tool — show me your workout facility, he said. Most of these kids are changing their environment. It could be a factor.
To create a more fitness friendly campus, Pivarnik suggests, find out what works in other places. Then get the administration on board.
(Increasing) walking paths, changing where people park, providing access to facilities, he said. You cant just say We need $15 million dollars. Youve got to show some suggestions.
And ask questions. He notes that some universities reserve the athletic facilities for their athletes. They are off limits to the general student population.
Why cant we use the athletic facilities? he said. Cant we have open swim or running on the track? Sometimes its just simple communication.