Sealed Air Corporation (NYSE:SEE) announced that it received regulatory clearance from the European Commission under the European Union (EU) Merger Regulation for its proposed acquisition of Diversey Holdings, Inc. (”Diversey”). As previously announced on June 1, 2011, Sealed Air entered into a definitive agreement to acquire Diversey in a transaction valued at approximately $4.3 billion. The transaction is subject to the satisfaction of customary closing conditions as stated in our June 1, 2011 press release, including certain additional foreign regulatory approvals.
Sealed Air Corporation, through its subsidiaries, manufactures and sells packaging and performance-based materials and equipment systems worldwide.
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Siga Resources Inc (SGAE)
Gold will sometimes contain trace amounts of other minerals like copper, silver and iron. When gold is melted, the color it gives off will determine true purity. Pure gold will have no discoloration (it will look gold) and have a luster to it.
Gold is removed from the ore by crushing the ore. The gold is then extracted and processed. Gold is considered to be one of the most precious metals in the world. It is identified by its rich, yellow coloring and bright sheen. Once it is processed, it will be melted down either to be formed into bouillon or to be made into jewelry.
Siga Resources Inc, founded in 2007, is based in South Lake Tahoe, California. Siga is a mineral resource exploration and development company. Siga’s strategy targets properties that have the potential for near term production and early positive cash flow. Siga’s general geographical interest is North and South America.
Siga Resources Inc. (SGAE) President and CEO, Edwin Morrow, is pleased to announced that Bentley Fairview Resources Co. Ltd., of Ontario, Canada, the Joint Venture Partner for the Big Bear Mining Claims located in San Bernardino County, California, has advanced the initial payment for the initiation of a work program on the Big Bear Mining Claims.
This is the initial payment of a $10,000,000 Joint Venture entered by the two companies with the goal of proving the indicated gold resources on the Big Bear claims and if warranted, developing the Big Bear property to possible production. Siga’s work program and the beginning of evaluation of the project are underway as of Aug 3, 2011.
The work program will consist of extensive mapping of existing trenches, outcrop, oxidized zones and other previous workings including drill sites. Geochem sampling of large areas of the claim group along with sampling of all pits and trenches will be conforming with previous mapped and sampled areas which returned assays of greater than .01 oz/ton gold in the soil geochem. These areas of greater than .01 oz/ton gold covered a large area of the claim group and give rise to the anticipated total indicated contained ounces of gold which could range from 1 to 2 million ounces.
The Big Bear project is currently controlled under an agreement to acquire 100 percent of the property. It is situated near Lucerne Valley, CA and currently consists of approx 1440 acres (approx 2.25 square miles) of mining claims. The Big Bear Claims are on the North eastern edge of the San Bernardino Mountains. The project area is known historically as the Blackhawk mining District has been a previous producer of gold and silver. The area is believed to contain economically viable gold mineralization, particularly at the current metals prices. Anticipated total contained gold based on existing reports and studies could be in the range of 2 to 3 million ounces.
Siga Resources is also developing the Lucky Thirteen Placer in British Columbia. Currently in a 50/50 Joint Venture, Siga has installed a 50 cubic yard/hour washing and separation plant and associated excavation machinery which is being employed for bulk sample testing to determine recoverable grades and aid design of a larger production facility which could be in place before year’s end.
For more information visit their website http://sigaresourcesinc.com
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Avista Corp.’s (NYSE:AVA) has declared a quarterly dividend of $0.275 per share on the company’s common stock. The common stock dividend is payable Sept. 15, 2011, to shareholders of record at the close of business on Aug. 25, 2011. Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 357,000 customers and natural gas to 317,000 customers.
Avista Corporation, an energy company, engages in the generation, transmission, and distribution of energy and other energy-related businesses in the United States and Canada. It operates in two segments, Avista Utilities and Advantage IQ.
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China New Borun Corporation (NYSE:BORN) announced unaudited financial results for the second quarter of 2011. Total revenue increased 67.5% to RMB724.4 million ($111.9 million from RMB432.5 million in the second quarter of 2010. Gross profit increased 47.9% to RMB151.1 million ($23.3 million) from RMB102.1 million in the second quarter of 2010. Net income increased 42.7% to RMB95.8 million ($14.8 million) from RMB67.1 million in the second quarter of 2010.
China New Borun Corporation produces and distributes corn-based edible alcohol in the People’s Republic of China.
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Cleantech Transit Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector.
The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Biomass Energy is generated from plant material and animal waste and supplies almost fifteen times as much energy, in the United States, as wind and solar power combined and has the potential to supply much more. There are a wide variety of biomass energy resources, including tree and grass crops and forestry, agricultural, and urban wastes. There are many types of plants in the world, and many ways they can be used for energy production. In general there are two approaches: growing plants specifically for energy use, and using the residues from plants that are used for other things. The best approaches vary from region to region according to climate, soils, geography, population, and so on.
For more information please visit official website of CLNO: http://www.cleantechtransit.com\
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