Cubic Corporation (NYSE:CUB) announced that it has signed a prime contract with a major Middle East customer to provide comprehensive marksmanship and small arms training capabilities. Worth more than $120 million including various options, it is the largest single contract ever awarded to Cubic’s Simulation System Division, based in Orlando, Florida. Under the contract, Cubic will provide immersive training equipment for a variety of weapons at more than 20 sites. The capabilities include a wide range of tactical requirements including sniper, mortar and close air support.
Cubic Corporation is the parent company of three major business segments: Defense Systems, Mission Support Services and Transportation Systems. Cubic Defense Systems is a leading provider of realistic combat training systems and defense electronics. Mission Support Services is a leading provider of training, operations, maintenance, technical and support services.
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.
Gold is a metallic element with the atomic number 79 and the symbol Au. While the name gold comes from an Old English word meaning yellow, the symbol comes from the Latin aurum, which means “shining dawn.”
On the periodic table of elements, gold is found in Group 11, along with silver, copper, and roentgenium, and in Period 6 between platinum and mercury. It is referred to as a “transition metal.” Gold is the most malleable, ductile metal. Described as yellow, gold is one of the so-called precious metals, along with gold and silver. Known from ancient times - along with mercury, sulfur, copper, silver, lead, and tin - gold was used as early as 6000 B.C. Early use included gold jewelry, for example bracelets and rings, as well as ornamentation. Its malleability means that its early use in any practical items was impossible, so it’s used was restricted to decoration. The civilizations that employed it included the Egyptians, the Greeks, the Mesopotamians, and the Romans.
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 company: www.majesticgold.net
First Industrial Realty Trust, Inc. (NYSE:FR), a leading owner and operator of industrial real estate and provider of supply chain solutions, announced it has closed a new $450 million senior unsecured revolving credit facility agreement. The new facility matures on December 12, 2014 , with a one-year extension option subject to certain conditions. The agreement provides for interest-only payments initially at a base rate of LIBOR plus 210 basis points based on the Company’s leverage ratio, plus an unused facility fee that ranges from 25 to 35 basis points based on the amount drawn on the facility. The facility includes an accordion feature that allows First Industrial to increase the aggregate revolving borrowing capacity to $500 million.
First Industrial Realty Trust, Inc. is a leading owner and operator of industrial real estate and provider of supply chain solutions to multinational corporations and regional customers.
Royal Dutch Shell plc (NYSE:RDS-A) announces that application has been made to the UK Listing Authority and the London Stock Exchange for 27,277,014 A ordinary shares of Eur0.07 each in the capital of Shell (the “Shares”) to be admitted to the Official List of the United Kingdom Listing Authority and to be traded on the main market of the London Stock Exchange. Application will also be made to Euronext Amsterdam for the Shares to be admitted to trading on Euronext Amsterdam.
Royal Dutch Shell plc operates as an oil and gas company worldwide. The company explores for, and extracts crude oil and natural gas. It also converts natural gas to liquids to provide cleaner-burning fuels; markets and trades natural gas and power; extracts bitumen from mined oil sands and convert it to synthetic crude oil; and develops wind power to generate electricity.
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