Orofino Gold Corp. (ORFG.PK) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The company is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp.
Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wishes him well and success in future endeavors.
HIRU CORPORATION (Other OTC: HIRU.PK) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.
The company’s various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.
Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.
HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.
In other corporate news, HIRU intends to rescind the 5-1 forward split previously under consideration, as upon further review the management is of the opinion that this course of action would not be in the best interest of the shareholders.
Rand Capital Corporation (NASDAQ:RAND), a business development company that provides capital and managerial expertise for small to medium-sized private companies, recently announced its financial results for the third quarter ended September 30, 2010 highlighting a net asset value of $3.25 per share, a decrease of ($0.03) from June 30, 2010.
Rand Capital is a publicly held Business Development Company (BDC), and its wholly owned subsidiary is licensed by the Small Business Administration (SBA) as a Small Business Investment Company.
Forest Oil Corporation (NYSE:FST) recently announced financial and operational results for the third quarter of 2010. Net sales volumes of 457 MMcfe/d organically increased 16% from the corresponding 2009 period, pro forma for asset divestitures.
Forest Oil Corporation engages in the acquisition, exploration, development, and production of oil, natural gas, and natural liquids primarily in North America.
VAALCO Energy, Inc. (NYSE:EGY) recently reported net income attributable to VAALCO of $12.5 million or $0.22 per diluted share for the third quarter of 2010 compared to net income attributable to VAALCO of $4.2 million or $0.07 per diluted share for the comparable period in 2009.
VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil.
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