Sunday, November 4, 2012

Top Stocks For 2012-2-2-16


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.

The combination of gold’s relative scarcity and its obvious beauty has made it a very valuable commodity throughout the history of humanity. The physical and chemical properties of gold make it ideal for a number of applications. It is very stable (does not corrode or rust) and as a result seldom combines with other elements. It conducts heat and electricity very well (only silver is a better conductor of electricity). Its malleability and ductility have made it a favourite for jewelry making throughout the centuries.

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.

For more information about MAJESTIC GOLD CORP. visit its website:

RLI Corp. (NYSE:RLI) board of directors has declared a third quarter regular cash dividend of $0.30 per share, the same amount as the prior quarter. The dividend is payable on September 20, 2011 to shareholders of record as of August 31, 2011.

RLI Corp., through its subsidiaries, underwrites property and casualty insurance primarily in the United States.

Valley National Bancorp (NYSE:VLY) announced that a common stock cash dividend of $0.1725 per share will be paid October 3, 2011 to shareholders of record on September 15, 2011. The dividend amount per share is unchanged as compared to the previous quarterly cash dividend. The cash dividend should not be used as an indicator of future dividends to Valley’s stockholders.

Valley National Bancorp operates as the bank holding company for Valley National Bank that provides a range of commercial, retail, trust, and investment services.

CNOOC Ltd. (NYSE:CEO) announced its interim results as of June 30, 2011. The Company’s total net oil and gas production amounted to 168.7 million barrels of oil equivalent (BOE), representing an increase of 12.9% year-on-year (YOY).

CNOOC Limited, through its subsidiaries, engages in the exploration, development, production, and sale of crude oil, natural gas, and other petroleum products.

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