Wednesday, December 12, 2012

Top Stocks For 2012-2-7-13

MAJESTIC GOLD CORP (MJGCF.PK)

MAJESTIC GOLD CORP (MJGCF.PK) engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.

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.

The most important industrial use of gold is in the manufacture of electronics. Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points. Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion. Electronic components made with gold are highly reliable. Gold is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.

For more information about MAJESTIC GOLD CORP. visit its website: http://www.majesticgold.net

StealthGas, Inc. (Nasdaq:GASS) announced that it will release its second quarter and six months operating and financial results for the period ended June 30, 2011 on August 25, 2011 before the opening of the market in New York.

StealthGas Inc., through its subsidiaries, engages in the ownership of a fleet of liquefied petroleum gas (LPG) carriers that provide international seaborne transportation services to LPG producers and users in Greece and internationally.

Mission NewEnergy Limited (Nasdaq:MNEL) a global provider of energy from renewable sources and one of the world’s largest Jatropha plantation companies, is pleased to announce that it has signed a contract to supply sustainability-certified biodiesel to a global oil major.

Mission NewEnergy Limited, a renewable energy company, owns and operates biodiesel refinery plants. It also produces pharmaceutical grade refined glycerine; and palm fatty acid distillate, a by-product from refining crude palm oil used in soap, animal feed, and oleo chemical industries.

Capital Bank Corporation (Nasdaq:CBKN) reported unaudited financial results for the second quarter of 2011.Net interest income for the quarter ended June 30, 2011 (successor) and the quarter ended June 30, 2010 (predecessor) totaled $13.9 million and $12.7 million, respectively. Net interest margin increased from 3.25% in the second quarter of 2010 (predecessor) to 3.74% in the second quarter of 2011 (successor) primarily due to a decline in funding costs as the average rate on total interest-bearing liabilities fell from 1.97% to 1.07% over that period.

Capital Bank Corporation operates as the holding company for Capital Bank that provides general commercial banking products and services in North Carolina.

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