Prologis Closes Multi-Currency Senior Term Loan Agreement Feb 7, 2012 09:25PM

SAN FRANCISCO, Feb. 7, 2012 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced that it has entered into a senior term loan agreement with nine relationship lenders including  Bank of America, N.A., as Administrative Agent. The company may obtain loans in U.S. dollars, euros, Japanese yen, and British pounds in an aggregate amount not to exceed euro 487.5 million (approximately $634 million). An accordion feature included in the loan agreement would permit a maximum increase to euro 987.5 million (approximately $1.3 billion), subject to obtaining additional lender commitments.

"The new facility enables us to maintain meaningful natural currency hedges at attractive financing terms. This facility addressed our Japan term loan that was scheduled to mature in 2012 and allowed us to refinance other corporate bank loans with longer term financing," said Phillip D. Joseph, Jr., managing director and treasurer.

The loan agreement is scheduled to mature on February 2, 2014; however, the company may extend the maturity date three times, in each case up to one year, subject to satisfaction of certain conditions and payment of an extension fee. Pricing under the facility is based upon the public debt ratings of the company's operating partnership and is currently at LIBOR plus 150 basis points. This represents a weighted average price reduction of approximately 67 basis points compared to the corporate bank facilities that were refinanced by this new facility.

About Prologis

Prologis, Inc. is the leading owner, operator and developer of industrial real estate, focused on global and regional markets across the Americas, Europe and Asia.  As of September 30, 2011, Prologis owned or had investments in, on a consolidated basis or through unconsolidated joint ventures, properties and development projects totaling approximately 600 million square feet (55.7 million square meters) in 22 countries.  The company leases modern distribution facilities to more than 4,500 customers, including manufacturers, retailers, transportation companies, third-party logistics providers and other enterprises.

The statements in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which Prologis  operates, management's beliefs and assumptions made by management.  Such statements involve uncertainties that could significantly impact Prologis' financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature.  All statements that address operating performance, events or developments that we expect or anticipate will occur in the future — including statements relating to rent and occupancy growth, development activity and changes in sales or contribution volume of developed properties, disposition activity, general conditions in the geographic areas where we operate, synergies to be realized from our recent merger transaction, our debt and financial position, our ability to form new property funds and the availability of capital in existing or new property funds — are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) national, international, regional and local economic climates, (ii) changes in financial markets, interest rates and foreign currency exchange rates, (iii) increased or unanticipated competition for our properties, (iv) risks associated with acquisitions, dispositions and development of properties, (v) maintenance of real estate investment trust ("REIT") status and tax structuring, (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings, (vii) risks related to our investments in our co-investment ventures and funds, including our ability to establish new co-investment ventures and funds, (viii) risks of doing business internationally, including currency risks, (ix) environmental uncertainties, including risks of natural disasters, and (x) those additional factors discussed in reports filed with the Securities and Exchange Commission by Prologis under the heading "Risk Factors." Prologis undertakes no duty to update any forward-looking statements appearing in this release.

SOURCE Prologis, Inc.


Gulfside Secures Port Snettisham Magnetite Iron Ore Property Feb 7, 2012 09:16PM

TSX.V - GMG

Highlights:

  • Gulfside and Pacific Rim agreement for option to acquire 100% interest in Port Snettisham Magnetite Iron Ore Deposit, Alaska
  • Aggregate consideration for 100% interest is $3,770,000 plus 2.5% NSR royalty
  • Significant exploration including geophysics and 11 hole drill program, metallurgy and benefication work completed by previous explorers
  • 64.5% Fe pellet feed fines produced with 0.01% S and 0.04% P
  • Deposit appears suitable for fines, pellet feed or iron ore pellet production

VANCOUVER, Feb. 7, 2012 /PRNewswire/ - Robert L. Card, President of Gulfside Minerals Ltd. ("Gulfside" or the "Company"), is pleased to report that on October 19, 2011, the TSX Venture Exchange accepted for filing an option agreement (the "Port Snettisham Agreement") between Gulfside and Pacific Rim Mineral, LLC (the "Vendor") pursuant to which the Company has the option to acquire up to a 100% interest in 49 contiguous claims  covering 1,012 acres that comprise the Port Snettisham property, located about 30 miles (50 km) southeast of Juneau, Alaska.

The aggregate consideration payable by the Company over a seven year period ending October 31, 2018 is $3,770,000 cash ($120,000 cash payable in the first year).  In addition, the Company must incur aggregate exploration expenditures on the property of $3,300,000 by October 31, 2018 ($150,000 to be incurred in the first year).  The Vendor is entitled to a 2.5% NSR on the property with the Company having the right to reduce the NSR to 1.5% by paying $1,500,000 cash.  A finder's fee of $22,000 cash was paid.

This project is a titaniferous (Ilmenite) magnetite deposit on the Snettisham Peninsula, however, there has been no Fe2TiO4 discovered so far,1 which is less commercially viable than Ilmenite occurring with Magnetite.  Ilmenite is the predominate TiO2 oxide present as needles in the Hornblendite.  Ore has been subjected to several programs of beneficiation test work and reports indicate that the ore is amenable to magnetic separation.  It is possible to produce iron ore fines or pellet feed containing in excess of 64% Fe (Magnetic).2 The concentrate can then be smelted using an oxygenated furnace (KOBM process)3 to produce pig iron and a slag containing high TiO2 values.

The first major effort to explore the iron potential of the deposit was conducted in the 1950's by the US Department of the Interior, Bureau of Mines,4 who drilled 11 holes, conducted a geophysical survey over the body, and had beneficiation tests done on the ore samples.  A section of 1900 feet of the deposit was explored to a depth of 1000 feet, totaling 6,546 linear feet of drill holes.  This program reported good results with assays of 11%-48% Fe total, with a composite from one of the cores showing 18.9 Fe%, 2.6% TiO2, 0.29% S, 0.32%P, and 0.05%V. Benefication of the iron ore samples involved crushing to 150 mesh and with dry magnetic separation.  The analysis reported 61-64% Fe total, 3.5% TiO2, 0.4% S, and 0.01% P.

Tenements Under Option

The magnetite-bearing diorite-hornblendite-pyroxenite intrusive occupies a land area of approximately 390 acres along the northeast shore of the Snettisham Peninsula. It appears the magnetite formed during a pegmatite alteration phase.

Isomagnetic lines at 2,000 Gamma intervals depicting areas of high magnetism and diamond drill holes from the work done by Thorne and Wells.

A high magnetic anomaly occurs near Sentinel Point and the intensity reduces to the east.   Further work is planned to determine the extent of the magnetite mineralization and whether the magnetite mineralization is evenly distributed through the hornblendite-diorite and the large magnetite intrusions up to 1.5 metres wide identified by the USGS in the early 1920's.

Tailings from the Friday Gold Mine located nearby also showed significant magnetite mineralization implying that the intrusion maybe be part of an IOCG (Iron Ore Copper Gold) system well known for massive magnetite mineralization.  A high magnetic anomaly extends for over a four square mile area (1036.4 hectares).(Thorne and Wells, 1956)

Tests on eight samples conducted by the University of California5 using a Davis Tube Test to determine the extent of recovery of magnetic iron yielded between 85% and 95% recovery indicated a high degree of magnetic recovery ideal for dry separation processing.  Some of the titanium oxide Ilmenite crystals were liberated during the crushing process, which was crushed to a size of 5-100 mesh.  Mineralogical work also identified the Ilmenite crystals forming discretely in the diorite containing the magnetite.

In 1953, the USGS Mines Department Territory Office in Juneau, conducted a drilling program planned around a magnetic survey that had been conducted previously which showed the typical lensoidal occurrence of magnetite intrusions in diorite.  The drill hole put down at 30% inclination intercepted 350 feet (106 metres) of magnetic magnetite mineralization.  A grab sample program of glacial detritus, rock chip outcrop samples showed soluble Fe from 19% to 48% Fe (the magnetic content was not determined and insoluble Fe was 3.5%).

The Alaska Juneau Gold Mining Company, in 1950, analysed 5 samples from the area and determined Fe total to be between 38.5% and 54.2% Fe.  Significantly the phosphorous was 0.07%.  The Alaskan Department of Mines Assay Office did a similar analysis and the average of the samples was 46.30% Fe, 0.69% P2O5 and S 0.69%.  The titanium values ranged from 5.04% to 8.06%.  Silica and alkali values were also considered acceptable for commercial iron ore concentrate.  The analysis was obtained from a finely crushed concentrate of the samples.  The Office concluded the ore was suited to magnetic concentration.

The US Bureau of Mines in 1964 (Holmes and Banning) took 3.5 tonnes of magnetite concentrate from Snettisam and successfully produced concentrates using wet and dry magnetic separation techniques.  The maximum iron liberation occurred at a crush size of 100 mesh (a range from 20 to 325 mesh was tested).  An electric furnace was used to produce pig iron from the ores and good quality pig iron was produced with 95.6% Fe from the sample.

In 1969, Marcona Corporation optioned the iron ore deposit and carried out extensive exploration including diamond drilling and metallurgical tests. It was reported in the Toyko Press (Nihon Keizai April 14, 1969) that Marcona Corporation and the Marubeni Company of Japan, had developed plans to pellitize two to four million tons of iron ore annually. In 1970, Marcona completed a feasibility study on the deposit and announced plans to put the deposit into production at a rate of 5 million tons of concentrate per year over a 50 year mine life. (State of Alaska, Mines Bulletin, February 1970.)  The plan failed when iron ore prices declined.

Gulfside is currently preparing an exploration plan which will include:

  • Reconnaissance of the historical data and grid soil and rock chip sampling with an XRF gun and magnetic susceptibility meter.
  • An outcrop and trenching sampling study using a magnometer to correlate Fe with magnetic susceptibility.  Mineralogy and petrology studies will also be conducted to analyse the presence of the titanium and vanadium mineralization in the magnetite and the extent of silica, sulphur, phosphorous and alkalis.
  • A ground based IP magnetic and gravity study to identify key changes in mineralogy and the extent of mineralization.  No gravity surveys have been completed to date and this will be completed prior to a drilling phase.
  • A diamond drilling program directed by the results of the above two studies that will allow suitable targets to be identified so that a Resource Estimate can be produced followed by a Feasibility Study.
  • A benefication study using samples to ensure the results are statistically significant and the proposed benefication process design is proven at pilot plant size.  Given the high cost of crushing to 100 mesh this stage is particularly important to the success of the project.
  • The tenement is conveniently located on the Pacific Coast, close to the capital of Alaska, Juneau and a major bulk commodity port Skagway. There is a major shipping route to Japan, Korea and China and the distance is 7,870 km compared to Brazil to China being 11,000 km.

As at February 2, 2012, the Metal Bulletin CFR Price Index for 62% Fe iron ore is $143.06 per tonne.

The information contained in this release has been obtained from previous exploration reports and government records and have not been verified.

Phillip Thomas, BSc., MBM, MAIG, Vice President and a consultant to the Company, the qualified person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.

On Behalf of the Board of Directors,

Gulfside Minerals Ltd.

"Robert L. Card"

Robert L. Card President

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning GMG's planned exploration programs and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although GMG believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements are disclosed under the heading "Risk Factors" and elsewhere in the corporation's periodic filings with Canadian securities regulators.

1 Dahlin, D.C. 1951-  Benefication of potential platinum resources from south eastern Alaska.  (report of investigations/United States Department of Interior, Bureau of Mines;8553, electron microprobe analysis

2 Holmes, Wesley T, Electric smelting of titaniferous iron ores from Alaska, Montana, and Wyoming, by Wesley T Holmes II and Llyod H  Banning (Washington) US Department of Interior Bureau of Mines  1964

3 Freislich, Michiel, Sunil, Kumar Dr,  Towards energy efficient iron and steel making - the greenhouse carbon abatement process (G-Cap) July 2009

4 Thorne R L, Wells R. R. Studies of the Snettisham Magnetite Deposit, South Eastern Alaska United States Department of Interior February 1956

5 Mitchell D. W. University of California, Berkeley 4, California USA Letter to Guy F Atkinson Company setting out assay results of samples submitted

SOURCE Gulfside Minerals Ltd.

PDF with caption: "Gulfside Secures Port Snettisham Magnetite Iron Ore Property ". PDF available at: http://stream1.newswire.ca/media/2012/02/07/20120207_C2301_DOC_EN_9800.pdf


CORRECTION FROM SOURCE: Conference Call Friday, February 10, 2012, to Discuss U.S. Geothermal's 2011 3rd Quarter Results Feb 7, 2012 09:03PM

BOISE, IDAHO -- (MARKET WIRE) -- 02/07/12 -- The following corrects and replaces the release that crossed the wire at 5:00pm PT (8:00pm ET) earlier today. The headline and the body of text incorrectly refer to the Earnings Call as being on November 10th, 2012 at 8:30am MT (10:30am ET), when it should have read February 10th at 8:30am MT (10:30am ET).

U.S. Geothermal Inc. (TSX: GTH)(NYSE Amex: HTM) will host a telephone conference call for investors and analysts on Friday, February 10, 2012 at 10:30 a.m. EDT (8:30 a.m. MDT) to discuss their 3rd Quarter Financials (October 1, 2011 - December 31, 2011), which will be filed on Thursday, February 9, 2012.

The conference call may be accessed by dialing (877) 407-8133 in Canada and the United States, or (201) 689-8040 internationally. A simultaneous webcast of the conference call will be provided through: http://www.investorcalendar.com/IC/CEPage.asp?ID=167347

About U.S. Geothermal:

U.S. Geothermal Inc. is a leading renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada. The Neal Hot Springs project will be the company's third operating power project. The company holds geothermal energy rights to 69,500 acres comprising six advanced stage geothermal development projects. The San Emidio project is currently undergoing construction of a new 8.6 net MW binary cycle power plant.

Contacts:
U.S. Geothermal Inc.
Saf Dhillon
Investor Relations
866-687-7059
604-688-9895 (FAX)
saf@usgeothermal.com
www.usgeothermal.com

Source: U.S. Geothermal Inc.


CORRECTION FROM SOURCE: Conference Call Friday, February 10, 2012, to Discuss U.S. Geothermal's 2011 3rd Quarter Results Feb 7, 2012 09:03PM

BOISE, IDAHO--(Marketwire - Feb. 7, 2012) - The following corrects and replaces the release that crossed the wire at 5:00pm PT (8:00pm ET) earlier today. The headline and the body of text incorrectly refer to the Earnings Call as being on November 10th, 2012 at 8:30am MT (10:30am ET), when it should have read February 10th at 8:30am MT (10:30am ET).

U.S. Geothermal Inc. (TSX: GTH)(NYSE Amex: HTM) will host a telephone conference call for investors and analysts on Friday, February 10, 2012 at 10:30 a.m. EDT (8:30 a.m. MDT) to discuss their 3rd Quarter Financials (October 1, 2011 - December 31, 2011), which will be filed on Thursday, February 9, 2012.

The conference call may be accessed by dialing (877) 407-8133 in Canada and the United States, or (201) 689-8040 internationally. A simultaneous webcast of the conference call will be provided through: http://www.investorcalendar.com/IC/CEPage.asp?ID=167347

About U.S. Geothermal:

U.S. Geothermal Inc. is a leading renewable energy development company that is operating geothermal power projects at Raft River, Idaho and San Emidio, Nevada. The Neal Hot Springs project will be the company's third operating power project. The company holds geothermal energy rights to 69,500 acres comprising six advanced stage geothermal development projects. The San Emidio project is currently undergoing construction of a new 8.6 net MW binary cycle power plant.

FOR FURTHER INFORMATION PLEASE CONTACT:
        U.S. Geothermal Inc.
        Saf Dhillon
        Investor Relations
        866-687-7059
        Fax: 604-688-9895(FAX)
        saf@usgeothermal.com
        www.usgeothermal.com

Source: U.S. Geothermal Inc.


Want A Free Sandwich From Dickey's Barbecue Pit In San Jose? Feb 7, 2012 09:00PM

SAN JOSE, Calif., Feb. 7, 2012 /PRNewswire/ -- Jimmy Lu of Dickey's Barbecue Pit is celebrating his first day open in San Jose on Thursday, February 9th by giving the first 100 people a free pulled pork big barbecue sandwich.

"I can't wait to swing open my doors," said local franchise owner Jimmy Lu. "This will be my second store and I am extremely excited to serve San Jose authentic barbecue." Lu also owns and operates the Dickey's in Fremont.

This new store is located at 5391 Prospect Road. The hours of operation are from 11 a.m. to 9 p.m. daily. The store phone number is 408-725-1619.

People are encouraged to check out this Dickey's facebook page at http://on.fb.me/x6jvMb. Lu will be choosing one of the facebook fans on February 19th; the winner will receive a voucher for free barbecue for one month valid only at this Dickey's location.

Dickey's Barbecue Pit opened its first location in Dallas in 1941. Dickey's began franchising in 1994 and has continued to grow across the country. Dickey's currently has more than 200 locations in 36 states nationwide.

Dickey's Barbecue offers a quality selection of signature meats, home style sides and tangy barbecue sauce. All meats are slow smoked on-site in each restaurant. Kids eat free every day at all participating Dickey's locations until February 29th. For more information, including a full menu, other restaurant locations and franchising opportunities, please visit www.dickeys.com.

About Dickey's Barbecue Restaurants

Founded in 1941, Dickey's Barbecue Restaurants began in Dallas, Texas. More than 70 years later, Dickey's is now the leader of fast-casual barbecue in the country. Beginning with an aggressive growth strategy and proven business model, and since implementing its proprietary five revenue streams for business growth, Dickey's Barbecue Restaurants can now be found in 36 states and more than 200 locations nationwide. For more information on partnering with Dickey's Barbecue Restaurants in any location, call (866) 340-6188 or visit www.dickeys.com. Also visit our corporate Facebook page at www.facebook.com/dickeysbarbecuepit. Dickey's: Passionate about the Art of Great Barbecue.

Media Contact:Kate Morganelli972.248.9899kmorganelli@dickeys.com

SOURCE Dickey's Barbecue


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