OTTAWA, ONTARIO -- (MARKET WIRE) -- 02/09/12 -- On Friday, February 10, Agriculture Minister Gerry Ritz will be available to speak to media by telephone. He will talk about his agriculture trade mission to China.
EVENT: Media call back
DATE: Friday, February 10
TIME: 10:00 a.m. (Ottawa)
11:00 p.m. (China)
CALL IN DETAILS: North American Dial-In:
1-877-413-4814
International/Local Dial-In: +1-613-960-7526
PassCode: 6347135
Conference Title:
Minister Ritz' Mission to China
Media that register for the call back will receive an advisory should the time change.
Contacts: Media Relations Agriculture and Agri-Food Canada Ottawa, Ontario 613-773-7972 1-866-345-7972
Source: Agriculture and Agri-Food Canada
OTTAWA, ONTARIO -- (MARKET WIRE) -- 02/09/12 -- A report from the BMO Economics Department released today states that charitable donations in Canada could be encouraged by extending the 29 per cent tax credit to all donations, not just those over $200. Currently, donations below $200 receive a 15 per cent credit.
The report was presented to the House of Commons Standing Committee on Finance during an appearance by John Waters, Vice President and Head of Technical Expertise, Wealth Group, BMO Nesbitt Burns at the committee's hearing today on tax incentives for charitable donations.
"While this would have little or no impact on large donors, we believe it will help encourage giving for more modest donors, as the marginal return would nearly double for gifts of up to $200," said Doug Porter, Deputy Chief Economist, BMO Capital Markets. "Further, the median claimed charitable donation in 2010 was $260 - versus an average of $1,437 - suggesting that many donors could benefit from such a step."
The report noted that the overall cost of this step would be less than $200 million, even if more than 1.5 million Canadians began giving more generously to charities. "Given the projected fiscal cost, we would recommend considering implementing this change only when the revenue situation is stronger and the fiscal position is closer to balance," said Mr. Porter.
"We applaud this recommendation from BMO, which we believe will help organizations like United Way broaden their base of donors," said Michele Thibodeau-DeGuire, President and Executive Director, Centraide of Greater Montreal. "It would make it much easier for donors to understand what the amount of their tax credit will be."
The full report can be downloaded at: http://www.bmonesbittburns.com/economics/reports/20120209b/SR120209.pdf.
Contacts: For media inquiries, please contact: Peter Scott, Toronto (416) 867-3996 PeterE.Scott@bmo.com Ronald Monet, Montreal (514) 877-1873 Ronald.Monet@bmo.com
Source: BMO Financial Group
RICHMOND HILL, ONTARIO -- (MARKET WIRE) -- 02/09/12 -- MBMI RESOURCES INC. (the "Company") (TSX VENTURE: MBR) announces a proposed private placement of convertible debentures ("Debentures") with an aggregate principal amount of up to $1,500,000, and a proposed consolidation of the common shares of the Company ("Share Consolidaton") on a 5 to 1 basis, whereby one new common shares would be issued in exchange for every 5 pre-consolidation common shares outstanding. The Debentures, which will be unsecured, will accrue interest at a rate of 12% per annum and will mature one year after issuance. Following the completion of the Share Consolidation, the principal amount of the Debenture would be convertible at the option of the holder into units ("Units") at a deemed price of $0.10 per Unit. The Share Consolidation is subject to the approval of the Company's shareholders and the TSX Venture Exchange. The Company anticipates that the Share Consolidation will be proposed to shareholders for approval at the Company's next shareholders' meeting.
Each Unit would be comprised of one common share of the Company and one-half of one warrant ("Warrant"), each whole Warrant being exercisable for one common share at a price of $0.12 per share for a period of one year after the Share Consolidation.
Finders or agents may be entitled to receive finder's fees of up to 8% of the principal of the Debenture placed by finders payable in shares ("Finder's Shares") with a deemed price of $0.05 per share, and a number of finder's warrants ("Finder's Warrants") equal to the number of Finder's Shares issued. Each Finder's Warrant would be exercisable to acquire, for a term of one year after the Share Consolidation, one common share at a price of $0.12 per share.
The conversion price per Unit and exercise price of the Warrants and Finder's Warrants are based on the Share Consolidation being completed on a 5 to 1 basis. If the Share Consolidation is completed at a different consolidation ratio, the conversion price and warrant exercise prices will be adjusted accordingly.
The private placement is subject to the approval of the TSX Venture Exchange.
For further information relating to the Company or this release, please refer to the Company's website at www.mbmiresources.com.
Cautionary Statement:
The foregoing information may contain forward-looking statements relating to the future performance of MBMI Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. MBMI Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the 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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Contacts: MBMI Resources Inc. John Wong President and CEO 647-925-8998 mbmi@mail.com www.mbmiresources.com
Source: MBMI Resources Inc.
OTTAWA, ONTARIO--(Marketwire - Feb. 9, 2012) - A report from the BMO Economics Department released today states that charitable donations in Canada could be encouraged by extending the 29 per cent tax credit to all donations, not just those over $200. Currently, donations below $200 receive a 15 per cent credit.
The report was presented to the House of Commons Standing Committee on Finance during an appearance by John Waters, Vice President and Head of Technical Expertise, Wealth Group, BMO Nesbitt Burns at the committee's hearing today on tax incentives for charitable donations.
"While this would have little or no impact on large donors, we believe it will help encourage giving for more modest donors, as the marginal return would nearly double for gifts of up to $200," said Doug Porter, Deputy Chief Economist, BMO Capital Markets. "Further, the median claimed charitable donation in 2010 was $260 - versus an average of $1,437 - suggesting that many donors could benefit from such a step."
The report noted that the overall cost of this step would be less than $200 million, even if more than 1.5 million Canadians began giving more generously to charities. "Given the projected fiscal cost, we would recommend considering implementing this change only when the revenue situation is stronger and the fiscal position is closer to balance," said Mr. Porter.
"We applaud this recommendation from BMO, which we believe will help organizations like United Way broaden their base of donors," said Michele Thibodeau-DeGuire, President and Executive Director, Centraide of Greater Montreal. "It would make it much easier for donors to understand what the amount of their tax credit will be."
The full report can be downloaded at: http://www.bmonesbittburns.com/economics/reports/20120209b/SR120209.pdf. FOR FURTHER INFORMATION PLEASE CONTACT: For media inquiries, please contact: Peter Scott, Toronto (416) 867-3996 PeterE.Scott@bmo.com Ronald Monet, Montreal (514) 877-1873 Ronald.Monet@bmo.com Source: BMO Financial Group
SAN JOSE, CA -- (MARKET WIRE) -- 02/09/12 -- Tanis Communications, Inc., a Silicon Valley integrated communications firm, has appointed Judy Radlinsky vice president, Public Relations. Radlinsky brings to Tanis a personal passion for content creation and deep industry expertise, honed over 25 years as a high-tech communications leader. During her career, she has been instrumental in helping global brands such as HP, IBM, Philips and Xilinx establish competitive advantage, drive new initiatives and build awareness and connections with their core stakeholders.
"In today's fast-paced business environment, companies need a partner who can help them deliver the right message to the right audience through the right channel for the right reason," said Nikki Tanis, president, Tanis Communications. "With expertise in strategy, content creation and implementation, Judy Radlinsky brings a strong combination of in-house and agency expertise that is ideally suited for this new world of communications consulting."
Prior to Tanis, Radlinsky served for eight years on the senior management team at high-tech PR consultancy The Hoffman Agency. She was most recently general manager for its US operation, responsible for client satisfaction, budget oversight, talent mentoring and new business acquisition. At Hoffman, she led the agency team that supported SolarWinds' IPO, helped Xilinx propel FPGA chips into the mainstream, and teamed with Philips Semiconductor on a "voice of reason" campaign to address RFID privacy fears.
"The Tanis model for providing communications services is truly aligned with client priorities -- we can deliver across the range of needs, from crafting strategies, to developing content, to connecting brands with their key audiences, whether internal or external," said Judy Radlinsky, vice president, Public Relations, Tanis Communications. "I am energized to be part of the Tanis team and look forward to working with our clients to generate a positive impression in the marketplace."
Radlinsky's background on the corporate side includes high-profile roles at HP and IBM during major company transformations. At HP, she was director of corporate public relations and executive communications under CEO Carly Fiorina, and served on the core strategy team and as a media spokesperson during the HP-Compaq merger. She joined HP as head of marketing communications for its new e-Services division, a 100-person team that led the charge to successfully re-align HP's enterprise positioning and product set for the realities of Internet-enabled business.
At IBM, Radlinsky applied her PR and executive communications savvy to a number of the company's then-emerging businesses, including UNIX servers, enterprise middleware and wireless computing. She was a key player in IBM's PowerPC alliance with Motorola and Apple, helped it gain credibility with developers as part of the Java team, served on the front lines of its e-Business revolution, and was instrumental in its acquisitions of Lotus and Tivoli. A polished writer and editor, Radlinsky enjoys the content creation side of PR as much as the strategy and influencer outreach, with expertise in PR collateral, speeches, video scripts, and customer and partner communications.
About Tanis Communications Based in San Jose, CA, Tanis Communications is a Silicon Valley high-technology integrated communications firm. Established in 1997, the firm offers brand strategy, messaging and positioning, public relations, employee communications, marketing communications, financial communications, executive communications, social multimedia and strategic marketing services, focused on the semiconductor, networking, storage, Internet, telecommunications and embedded technology markets. For more information, visit www.taniscomm.com.
All trademarks are the property of their respective brands.
Media Contact: Nicole Conley Tanis Communications, Inc. Main: +1 408-295-4309 Mobile +1 831-713-9076 nicole.conley@taniscomm.com
Source: Tanis Communications
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