Idera Pharmaceuticals, Inc. (NASDAQ:IDRA)
IDRA previously reported it has raised $9.5 million in a convertible preferred stock offering. In the offering, the Company issued and sold 1,124,260 shares of its convertible preferred stock convertible into 5,621,300 shares of common stock and warrants to purchase 2,810,650 shares of common stock. Each share of convertible preferred stock is convertible into five shares of common stock at a conversion price of $1.6275 per share and warrants are exercisable at $1.6275 per share. The purchase price represents a five percent premium to the closing price of Idera��s common stock on Thursday, November 3rd, 2011.
IDRA intends to use the net proceeds from the transaction for general corporate purposes, including continuing to fund development of Toll-like Receptor (TLR) targeted candidates in its autoimmune and inflammatory disease program and its gene-silencing oligonucleotide (GSO) technology.
IDRA applies its proprietary Toll-like Receptor (TLR) drug discovery platform to create immunomodulatory drug candidates. The Company��s TLR-targeted candidates are being developed to treat autoimmune and inflammatory diseases, cancer, and for use as vaccine adjuvants. Additionally, the Company is advancing its gene-silencing oligonucleotide (GSO) technology for the purpose of inhibiting the expression of disease-promoting genes.
For more information about IDRA please visit http://www.iderapharma.com
Crown Equity Holdings, Inc. (CRWE)
Crown Equity Holdings Inc. (CRWE) recently announced that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings! Inc. wi ll own fifty percent (50%) interest in the joint venture.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: “We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market.”
Crown Equity Holdings Inc., together with its digital network of Websites, offers media advertising, branding and marketing services as a worldwide online multi-media publisher. The company focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as providing search engine optimization for clients interested in online media awareness.
Today, there are many reasons small business owners should consider Voice over Internet Protocol services. To begin with, one study notes that on a per-employee basis, very small businesses pay four times more per employee for phone services than larger firms. Besides cost, other advantages of VoIP services include scalability, ease of management, and reliability.
VoIP phone systems are typically more reliable than analog telephony. A business can start with one or two phones and add more as needed. The client doesnt have to wait for a new phone number or a new line installation. As the business grows, the phone system can grow at the same rate. VoIP providers traditionally offer short term or month-to-month contracts. Sign-up expenses vary, but they can be expected to be reasonable.
For more information please visit official website of CRWE: www.crownequityholdings.com
Dril-Quip, Inc. (NYSE:DRQ) announced net income of $23.3 million, or $0.58 per diluted share for the three months ended September 30, 2011, versus net income of $27.7 million, or $0.69 per diluted share for the third quarter of 2010. Total revenues were $155.0 ! million during the quarter ended September 30, 2011 compared to $140.1 million for the same period in 2010. The increase in revenues resulted primarily from an increase in subsea equipment sales of $24.1 million and an increase in service revenues of $1.2 million offset by a decrease of $10.3 million in offshore rig equipment revenues.
Dril-Quip, Inc. designs, manufactures, fabricates, inspects, assembles, tests, and markets engineered offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide.
Embraer SA (NYSE:ERJ) delivered a total of 28 jets to the commercial aviation market and 18 to the executive aviation market for an accumulated total of 73 commercial and 49 executive aircraft (43 light jets and 6 large jets) delivered during the first nine months of 2011 (9M11).
Embraer S.A. engages in the development, production, and sale of jet and turboprop aircraft for civil and defense aviation markets. It also offers aircrafts for agricultural use; structural components, mechanical and hydraulic systems, and technical activities related to the production and maintenance of aerospace material.
Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. 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 sh! ares (&# 8221;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.
Since gold’s discovery in ancient times, craftsmen have been inspired by its beauty and the ease with which it could be shaped to create ornaments that were not only decorative, but were symbols of wealth and power.
Historically, gold was a rare metal that only the wealthy could afford. Gold be! came acc essible to many more after the gold rushes to California and Australia in the mid-19th century, and from the invention of new machinery for manufacturing jewelry. As a result, gold jewelry is affordable to most people today.
For more information, please visit their website: http://www.majesticgold.net
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