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iPass Inc. (Nasdaq:IPAS) a leading provider of enterprise mobility services, announced that it has integrated Skyrove, South Africa's largest independent Wi-Fi hotspot network provider, into the iPass Mobile Network. With over 650 Wi-Fi hotspots, mobile employees can get connected in Cape Town, Johannesburg, Pretoria and Durban and avoid the high cost of roaming charges. With one simple sign-on for multiple devices, such as Android and Apple smartphones, laptops and tablets, iPass mobile employees can use the Skyrove network as part of their existing iPass enterprise mobility services -- connecting transparently, efficiently and without the need to provide time-consuming billing details."Expanding the iPass Mobile Network with proven partners, such as Skyrove, enables mobile employees a seamless connectivity experience wherever they travel in the world," said Marcio Avillez, vice president of network products at iPass. "Skyrove delivers a fully managed solution enabling iPass users to take full advantage of a master connection manager to conduct business as if they were in the office."
iPass Inc. provides enterprise mobility services that facilitate network access from mobile devices. Its enterprise mobility services include iPass Mobile Office service, which delivers 3G mobile data, Wi-Fi hotspot, wired broadband, and dial-up access services; and network services that provide customers with a dial-up network coverage and broadband coverage.
Global Hunter Corp. (the Company) (TSX.V: BOB.V) (FSE:G5D) has arranged a $2,500,000 loan to advance its Corona de Cobre project in Chile. The proceeds from the loan will be used by the Company to fund project expenses and for general working capital purposes.
The loan will have a two year term and loan principal will be convertible at the option of the lender in whole or in part into units (Principal Units) of the Company until eighteen months from the date of the loan advance at the price of $0.06 per Principal Unit. Each Principal Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.10 at any time until eighteen months from the date of the loan advance. The loan will bear interest at the rate of 12% 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 units (Interest Units) of the Company until eighteen months from the date of the loan advance at the price of $0.05 per Interest Unit. Each Interest Unit will be comprised of one common share and one-half of a non-transferable warrant. Each whole warrant will be exercisable to purchase one additional common share for $0.075 at any time until eighteen months from the date of the loan advance.
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. The loan principal and accrued interest will be secured by a pledge of the shares of the Company's subsidiary, Global Hunter Chile Ltda., and may be repaid without penalty or bonus on 30 day's notice. 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. A finder's fee equal to 6% of the loan proceeds will be paid in cash as permitted by policies of the TSX Venture Exchange and applicable securities laws. The loan is subject to acceptance by the TSX Venture Exchange.
Majestic Gold Corp. (TSX-V:MJS) (FSE:MJT) is pleased to announce the results of an updated resource estimate on its Song Jiagou Mine.
As part of the ongoing assessment on the Song Jiagou Mine, Wardrop Engineering Inc. (Wardrop) has revised their previous resource estimate (NR 23 April, 2010) as a result of the revision to the contract mining costs (NR 30 September 2010) which allowed cut-off grades to be reduced from 0.40 g/t to 0.30 g/t and warranted a revision of the block model.
Subsequent to the initial resource estimate, Wardrop determined that rotating the block model perpendicular to drilling direction was the most favorable orientation to evaluate the deposit and to calculate the revised resource. The new cut-off grade and the re-orientation of the model significantly increased the overall size of the resource and the contained ounces of gold in both the inferred and indicated categories.
Ivanhoe Energy Inc. (Nasdaq:IVAN) David Dyck, President and Chief Operating Officer of Ivanhoe Energy Inc and Gerald Moench, President of Sunwing Energy Ltd., announced that the Zitong-1 and Yixin-2 wells, located on the Zitong block in Southwest China have been successfully drilled to total depth. The Zitong-1 well reached total depth at 4,294 metres (14,088 feet) in the Xu2 Formation and the Yixin-2 well reached total depth at 4,165 metres (13,661 feet) in the Xu3 Formation. The wells have been logged, Zitong-1 has been cased and cemented, and Yixin-2 is currently running casing prior to cementing. A testing program for both wells is scheduled to commence in mid-December."Our enthusiasm continues to grow as we obtain more information from these two wells," Mr. Dyck said. "We believe the Zitong Block is highly-prospective and has the potential for several trillion cubic feet of natural gas. As we proceed with our testing program at Zitong-1 and Yixin-2, and follow-up with a development program for the block, we aim to demonstrate the significant upside potential."
Ivanhoe Energy Inc., an independent heavy oil development and production company, engages in the development and production of oil and gas properties. Its principal oil and gas properties are located in the Hebei and Sichuan Provinces in China. The company?s integrated oil and gas properties include the Tamarack project located in the Athabasca oil sands region in the Province of Alberta, Canada; and the Ecuador project located in Quito, Ecuador. It also owns a nonexclusive master license entitling it to use GTL Technology to convert natural gas into transportation fuels and other synthetic petroleum products.
Jamba, Inc. (Nasdaq:JMBA) announced that the Company will be presenting at the 2010 Wedbush California Dreamin' Consumer Conference on Tuesday, December 7, 2010 at The Fairmont Miramar Hotel InterContinental in Santa Monica, Calif. Presenting from the Company will be James D. White, chairman, president and chief executive officer and Karen L. Luey, senior vice president and chief financial officer. The presentation will begin at 1:00 p.m. Eastern Time. Investors and interested parties may listen to the live webcast of this presentation by visiting the Company's website at www.jambajuice.com under the Investor Relations section at the appropriate time.
Jamba, Inc., through its subsidiary, Jamba Juice Company, owns and franchises Jamba Juice stores in the United States and the Bahamas. The company operates as a restaurant retailer of food and beverage products. As of April 20, 2010, it operated 745 stores locations consisting of 458 company-owned and operated stores, and 287 franchise stores. The company was founded in 1990 and is headquartered in Emeryville, California.
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