MOUNT PEARL, NEWFOUNDLAND--(Marketwire - Dec. 2, 2009) - Cornerstone Capital Resources Inc. (TSX VENTURE: CGP) (FRANKFURT: GWN) (BERLIN: GWN) (PINK SHEETS: CTNXF) announces the completion of the flow through financing announced November 12, 2009. The financing consisted of a private placement of 6,250,000 units for gross proceeds of $1,000,000. Each unit was priced at $0.16 per unit and consisted of one flow through common share and one-half non-flow-through share purchase warrant. Each whole warrant entitles the holder to purchase one non-flow through common share at a price of $0.20 in the first year following the closing or $0.25 in the second year.
A cash finder's fee equal to 6.5% and a cash due diligence fee of 0.5% were paid at closing, as well as a finder's fee option to purchase non-flow-through units at an exercise price of $0.16 per unit equal to 7% of the number of units subscribed for. Other than the flow-through attributes, the finder's fee option will have the same terms as the flow-through units.
All shares issued pursuant to the placement will bear a legend restricting transfer for four months, that is until March 28, 2010.
The gross proceeds from the sale of the flow-through units will be used by the Company for exploration expenses on projects in Canada that qualify as "Canadian exploration expenses" under the Income Tax Act (Canada).
Participants in the private placement are MineralFields Flow-Through Funds as well as several private investors.
About Cornerstone
Cornerstone Capital Resources Inc. is a mineral exploration company based in Mount Pearl, Newfoundland and Labrador, Canada, with a diversified portfolio of projects in Canada and Ecuador and a strong technical team that has proven its ability to identify, acquire and advance properties of merit. The company's business model is based on generating exploration projects whose subsequent development is funded primarily through joint venture partnerships.
Further information is available on Cornerstone's website: www.cornerstoneresources.com.
About MineralFields, Pathway and First Canadian Securities(R)
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver, Calgary and Montreal, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities(R).
Cautionary Notice:
Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results. While Cornerstone anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the Forward-Looking Statements contained herein.
On Behalf of the Board,
Colin B. McKenzie, President & CEO
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cornerstone Capital Resources Inc.
Martti Kangas, Investor Relations
North America Toll-Free: 1-877-277-8377
Direct Line: (647) 521-9261
communications@crigold.com
www.cornerstoneresources.com
Source: Cornerstone Capital Resources Inc.
New ProactiveWatch centralizes Patch Management, saves IT Support Companies time to perform more work with less staff, and documents work performed
ATLANTA--(BUSINESS WIRE)-- ProactiveWatch, a leading provider of remote monitoring and management software designed for Managed Service Providers, VARs, and other IT support companies who manage their customers' systems, announced the immediate availability of new centralized patch management.
"Keeping client systems updated with the latest security patches is a critical, but time consuming task that Service Providers must perform for their clients," said Michael Mittel, President of ProactiveWatch. "Using our integrated patch management, Service Providers know exactly what patches are available and for which machines or clients. Patches are approved from the central, ProactiveWatch console rather than having to remote into, or physically visit, each site. What used to take several hours every week can now be done in less than 10 minutes, and the documentation of the work is built-in. This means our average Service Provider is saving more than 2 days per month that can now be used for higher-revenue generating activities."
Uniquely designed for Service Providers that support the SMB market, setup and configuration takes just seconds, and ProactiveWatch does not require any additional hardware or software, and does not require Microsoft's WSUS at the Service Provider/VAR or the client site. ProactiveWatch's patching can even be applied to laptops or performed for clients without servers.
Using the powerful, intuitive filtering, the Service Provider may apply certain patches across all clients and all servers and workstations, or can choose to apply patches only to certain clients, classes of machines (e.g. - Fileservers), or even to individual machines. A monthly Patch Management report is generated automatically for each of the VAR's customers, allowing the VAR to document the patch management work they performed that month.
MSP's, VARs or other Service Providers can learn more from the company website and can take advantage of the risk-free 30 day trial to test the software themselves.
About ProactiveWatch Inc.
ProactiveWatch provides breakthrough solutions to VARs who desire to improve their relationships with their customers, inject radical improvements in business efficiencies into their own businesses, and build new recurring revenue streams in the process. ProactiveWatch is headquartered in Atlanta, GA. For more information about ProactiveWatch, please visit www.proactivewatch.com.
Source: ProactiveWatch Inc.
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 2, 2009) - FIRST BAUXITE CORP. ("First Bauxite" or the "Company") (TSX VENTURE: FBX) -
The Company is pleased to announce it has been invited to present in the first ever AGORACOM Online Gold & Commodities Conference (http://agoracom.com/conferences) on December 3rd and 4th, 2009. Presenting companies are limited to a maximum of 50 and selected by invitation only in order to maintain a high standard of quality for attending investors. Presenting companies will be active in industries that include precious metals, base metals, rare metals, oil & gas and clean energy technologies.
CONFERENCE DETAILS WHERE: Online - http://agoracom.com/conferences WHEN: December 3rd and 4th, 2009 PRESENTATION: Please see schedule (http://bit.ly/AGconfsched) for our exact presentation time on each day REGISTRATION: Investors Register for free (http://agoracom.com/conferences) using form in right hand column of any page FORMAT: 15-minute presentation followed by live Q&A in monitored HUB TECH REQUIRED: Your web browser
INVESTORS FROM MORE THAN 50 COUNTRIES EXPECTED TO ATTEND
The Company extends an invitation to all of its shareholders and prospective shareholders to view our presentation and attend this event. The online nature of the conference will allow investors, both retail and institutional, to connect with small and mid-cap resource companies faster, better and cheaper thanks to the elimination of all travel, lodging and time away from work.
Presenting companies, investors and keynote speakers will all participate from the comfort of their offices and homes, resulting in a conference comprised of a global audience vs. a local audience. AGORACOM anticipates investors from more than 50 countries will participate, making this a truly international and environmentally friendly conference that will generate a fraction of the carbon footprint of traditional conferences.
KEYNOTE SPEAKERS
Keynote presenters at the conference include some of the most accomplished industry speakers and financial bloggers in the world:
- Peter Grandich Chief Commentator, AGORACOM.com (http://grandich.agoracom.com/)
- Eric Coffin Co-Producer of The Hard Rock Analyst (http://www.hraadvisory.com/)
- Barry Ritholtz Author Of The Big Picture (http://www.ritholtz.com/blog/), Rated The Web's #1 Financial Blog
- Paul Kedrosky Author Of Infectious Greed (http://paul.kedrosky.com/), Rated The Web's #2 Financial Blog
- Gregor Macdonald The Top Ranked Energy Analyst On StockTwits Blog Network (http://stocktwits.net/blog/author/gregor-macdonald/)
ABOUT FIRST BAUXITE CORPORATION
First Bauxite Corporation (TSX VENTURE: FBX) is a Canadian natural resources company engaged in the exploration and development of bauxite deposits, through resource discovery and mining within a niche industrial market. The company has its head-office in Vancouver and its current assets in Guyana, South America and is managed by experienced geoscientists and business development professionals with worldwide experience in the exploration and mining business across a number of mineral commodities. The mission of First Bauxite is to become a near term, medium size producer and supplier of high quality refractory grade calcined bauxite. First Bauxite controls a large land package in Guyana's historical coastal bauxite belt, including the Bonasika Mining License and the Waratilla Prospecting License, covering deposits which were drilled in 1940's-60's by ALCAN and which host near surface deposits of refractory grade bauxite. First Bauxite has additional upside potential to the metallurgical bauxite business, through an option agreement with Rio Tinto Alcan, whereby Rio can earn up to 75% interest in the Company's exploration ground by expending up to US$58 million in stages. For further information on First Bauxite Corporation, please visit our corporate website at www.firstbauxite.com.
On behalf of The Board of Directors of First Bauxite Corporation
Ioannis (Yannis) Tsitos, President & Director
Hilbert N. Shields, CEO & Director
This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
First Bauxite Corporation
Ioannis (Yannis) Tsitos
President & Director
604-806-0916
Fax: 604-806-0956 (FAX)
www.firstbauxite.com
Source: First Bauxite Corporation
FRESNO, Calif.--(BUSINESS WIRE)-- 1-800-Recycling.com, an interactive nationwide website dedicated to enhancing and simplifying the consumer recycling experience, currently features an article on its blog about battery recycling.
Batteries at first may not seem like a significant threat to the environment, but 1-800-Recycling.com reports that more than 15 billion batteries are tossed into landfills every year, releasing heavy metals and toxic substances into our land, air and water.
The state of California considers all rechargeable and single-use (AAA, AA, C, D, button cell and 9-volt) batteries hazardous waste. As of February 8, 2006, Californians are required to properly dispose of batteries at a recycling center, household hazardous waste disposal facility or a universal waste handler -- anywhere but the landfill.
California's requirements may be stricter than other states, but batteries have been causing consumer confusion for years. The Battery feature on 1-800-Recycling.com outlines the different battery types and how to recycle each, so that the hazardous materials will be recycled and the plastics and metals reused.
1-800-Recycling.com features an archive of original news articles about green practices for businesses or individuals, recycling, tips, educational information and interviews. Content is updated daily, and for those reading the articles who become inspired, 1-800-Recycling provides its visitors anywhere in the United States a dedicated "Recycling Locator" tool to find a recycling location nearest to them for whatever it is they wish to recycle.
Consumers can also opt to call 1-800-Recycling via telephone for a 24/7 live-operator phone line resource. Both the site and the phone service will be able to direct users to responsible recyclers of electronics, tires, oil, paint, glass, plastic, household hazardous waste, wood, mattresses, carpet, junk - basically everything that can be recycled.
"At 1-800-Recycling.com, we're committed to helping consumers all over the country by covering all the hot recycling and green living issues," said John S. Shegerian, Chairman and CEO of Electronic Recyclers International (ERI), the nation's leading recycler of electronics and e-waste, and parent company of 1-800-Recycling. "With the holidays right around the corner, and all the gadgets, toys and technology that come and go during this season, it makes sense to spotlight our batteries feature. So many people don't know what to do with old batteries, so that they end up trashing them. That's the worst thing you can do with them, so we offer up some sustainable alternatives, which is really what 1-800-Recycling.com is all about!"
For more information on recycling, please visit http://1800recycling.com.
Now the largest recycler of electronic waste in the world, Fresno-headquartered Electronic Recyclers International is licensed to de-manufacture and recycle televisions, computer monitors, computers, and other types of electronic equipment. ERI processes more than 140 million pounds of electronic waste annually in its six locations in California, Washington, Colorado, Indianapolis, Massachusetts and Texas. For more information about e-waste recycling and ERI, call 1-800-884-8466 or visit http://www.electronicrecyclers.com.
Source: Electronic Recyclers International
HAYWARD, Calif., Dec. 2 /PRNewswire-FirstCall/ -- Ultra Clean Holdings, Inc. (Nasdaq: UCTT), a leading developer and supplier of critical subsystems for the semiconductor capital equipment, medical device, research, flat panel and solar industries, announced that Clarence Granger, Chairman and Chief Executive Officer, and Casey Eichler, Chief Financial Officer, will address the Barclays Capital Technology Conference. The conference will be held at the Fairmont San Francisco 950 Mason Street San Francisco, California on Tuesday, December 8th, 2009 at 9:30AM Pacific Standard Time.
A link to the webcast will be available on the Investor Relations section of the Company's website at www.uct.com during the live presentation. A replay of the webcast will be available approximately one hour after the live presentation.
About Ultra Clean Holdings, Inc.
Ultra Clean Holdings, Inc. is a developer and supplier of critical subsystems for the semiconductor capital equipment industry. Ultra Clean offers its customers an integrated outsourced solution for gas delivery systems and other subassemblies, improved design-to-delivery cycle times, component neutral design and manufacturing and component testing capabilities. Ultra Clean's customers are primarily original equipment manufacturers of semiconductor capital equipment. Ultra Clean is headquartered in Menlo Park, California. Additional information is available at www.uct.com.
SOURCE Ultra Clean Holdings, Inc.
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