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Dominion Lending Centres Clearlease Reports Caledonia Mining Corporation (TSX:CAL) Q4 profit hits $1.1M, reversing year-earlier loss

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Caledonia Mining Corporation (TSX:CAL), a Toronto-based miner with operations in Africa, reports a fourth quarter profit of $1.1 million, reversing a loss a year ago of about $2.2 million.

Three-month revenues rose to $7.4 million from $4.3 million as the company benefited from higher production at its Blanket Mine in Zimbabwe and rising gold prices.

For the full year ended Dec. 31, Caledonia generated net profits of $3.7 million and revenues of $22.4 million on the sale of 17,598 ounces of gold by the Blanket mine.

That compared with a net loss of $3.1 million on sales of $11.6 million a year earlier.

“The completion of the No. 4 shaft expansion project dramatically improved the operating performance at Blanket due to increased production capability, particularly towards the end of the fourth quarter,” president and CEO Stefan Hayden said in a release.

“As Blanket continues to operate at a sustainably higher level of production following the successful ramp-up in production, I expect this to give rise to a significant reduction in average costs per ounce.”

In Thursday trading on the TSX, Caledonia shares rose half a cent to 14.5 cents.

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Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

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Three-month revenues rose to $7.4 million from $4.3 million as the company benefited from higher production at its Blanket Mine in Zimbabwe and rising gold prices.

For the full year ended Dec. 31, Caledonia generated net profits of $3.7 million and revenues of $22.4 million on the sale of 17,598 ounces of gold by the Blanket mine.

That compared with a net loss of $3.1 million on sales of $11.6 million a year earlier.

In Thursday trading on the TSX, Caledonia shares rose half a cent to 14.5 cents.

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Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Three-month revenues rose to $7.4 million from $4.3 million as the company benefited from higher production at its Blanket Mine in Zimbabwe and rising gold prices.

For the full year ended Dec. 31, Caledonia generated net profits of $3.7 million and revenues of $22.4 million on the sale of 17,598 ounces of gold by the Blanket mine.

That compared with a net loss of $3.1 million on sales of $11.6 million a year earlier.

In Thursday trading on the TSX, Caledonia shares rose half a cent to 14.5 cents.

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Dominion Lending Centres Clearlease Reports Drug developer Protox Therapeutics Inc. (TSX:PRX) posts net loss of $2.4 million in Q4

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Drug developer Protox Therapeutics Inc. (TSX:PRX) reported Thursday a fourth-quarter net loss of $2.4 million, compared with a loss of $1.5 million for the same period in 2009.

That amounted to a loss of two cents per share in both periods.

The Vancouver-based company reported a net loss of $4.5 million for the full year versus a loss of $7.9 million for 2009. Revenue for the full year was $2.8 million.

Protox said it earned $3 million in licence revenue during the year from Japan’s Kissei Pharmaceutical Co.

“2010 was transformative for Protox across all fronts commencing with very positive clinical data, followed by a valuable partnership with a leading Japanese pharmaceutical company and culminating with a significant financial commitment by a major private equity group,” chief executive Fahar Merchant said in a news release.

Research and development costs for 2010 were $4.4 million, representing a $1.1 million or 20 per cent decrease from the $5.5 million in 2009.

Protox is working treatment of prostate cancer and other diseases of the prostate. Shares in the company were up two cents or 3.5 per cent at 60 cents in midday trading on the Toronto Stock Exchange.0 13,000 PROTOX THERAPEUTICS INC.

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That amounted to a loss of two cents per share in both periods.

The Vancouver-based company reported a net loss of $4.5 million for the full year versus a loss of $7.9 million for 2009. Revenue for the full year was $2.8 million.

Protox said it earned $3 million in licence revenue during the year from Japan’s Kissei Pharmaceutical Co.

“2010 was trans-formative for Protox across all fronts commencing with very positive clinical data, followed by a valuable partnership with a leading Japanese pharmaceutical company and culminating with a significant financial commitment by a major private equity group,” chief executive Fahar Merchant said in a news release.

Research and development costs for 2010 were $4.4 million, representing a $1.1 million or 20 per cent decrease from the $5.5 million in 2009.

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That amounted to a loss of two cents per share in both periods.

The Vancouver-based company reported a net loss of $4.5 million for the full year versus a loss of $7.9 million for 2009. Revenue for the full year was $2.8 million.

Protox said it earned $3 million in licence revenue during the year from Japan’s Kissei Pharmaceutical Co.

Research and development costs for 2010 were $4.4 million, representing a $1.1 million or 20 per cent decrease from the $5.5 million in 2009.

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Dominion Lending Centres Clearlease Reports TSX advances on earnings from Bombardier (TSX:BBD.B)

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports The Toronto stock market was higher Thursday afternoon as the latest earnings report from market heavyweight Bombardier Inc. (TSX:BBD.B) beat expectations and commodity stocks rose along with prices for oil and gold.

The S&P/TSX composite index moved up 53.74 points to 14,137.31 while the TSX Venture Exchange gained six points to 2,292.44.

The Canadian dollar was higher against the American currency, up 0.18 of a cent at 103.13 cents US after reaching a three and a half year high of 103.27 cents US. The currency advanced amid data showing the economy got off to a strong start for 2011. Statistics Canada reported that gross domestic product grew in January by 0.5 per cent, which met expectations and matched the pace of growth for December.

The agency said that growth was driven by the manufacturing sector and, to a lesser extent, by transportation and wholesale trade.

Bombardier shares jumped 87 cents or 13.8 per cent to $7.17 on heavy volume of 44.3 million traded as the transportation giant reported quarterly net income of US$325 million or 18 cents per share, beating analyst expectations. That compared with net income of US$179 million or 10 cents a share a year ago. Revenue was nearly unchanged at $5.37 billion.

“Results were driven largely by higher aerospace and transportation margins which is nice to see and their 2012 margin guidance of 10 per cent definitely suggests upside to estimates,” said Alison Mendes, managing director and portfolio manager at Manulife Asset Management, adding that the results reflect a global economic recovery.

“(In) their transportation division, you’re seeing a lot of global demand pickup there and contract wins in emerging markets. And that reiterates the continued strength in the global economy.”

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The S&P/TSX composite index moved up 53.74 points to 14,137.31 while the TSX Venture Exchange gained six points to 2,292.44.

The agency said that growth was driven by the manufacturing sector and, to a lesser extent, by transportation and wholesale trade.

“(In) their transportation division, you’re seeing a lot of global demand pickup there and contract wins in emerging markets. And that reiterates the continued strength in the global economy.”

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The S&P/TSX composite index moved up 53.74 points to 14,137.31 while the TSX Venture Exchange gained six points to 2,292.44.

The agency said that growth was driven by the manufacturing sector and, to a lesser extent, by transportation and wholesale trade.

“(In) their transportation division, you’re seeing a lot of global demand pickup there and contract wins in emerging markets. And that reiterates the continued strength in the global economy.”

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Dominion Lending Centres Clearlease Reports Oil rises above $106 a barrel as pro-Gadhafi forces push back rebelsDominion Lending Centres Clearlease Reports Oil rises above $106 a barrel as pro-Gadhafi forces push back rebelsDominion Lending Centres Clearlease Reports Oil rises above $106 a barrel as pro-Gadhafi forces push back rebels

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya.

Benchmark West Texas Intermediate crude rose $$1.96 to US$106.23 a barrel in afternoon trading on the New York Mercantile Exchange. At one point it hit $106.77, the highest it’s been since September, 2008. In London, Brent crude rose $2.10 to $117.05 per barrel.

Battles between Gadhafi’s troops and rebels have seesawed back and forth in Libyan ports and towns since mid-February, with the price of oil rising more than $20 a barrel since then. Energy consultants Cameron Hanover said traders are beginning to view the Libya uprising as a standoff for now. ‘Without control of the air, Gadhafi’s troops have been unable to hammer home their gains. And, without strong and well-trained ground forces, the rebels seem incapable of holding onto their gains. Optimism that Libyan oil might return to the market, seen earlier this week, was dashed.”

Libya’s oil exports, which went mainly to Europe, are shut down. The rebels have said they plan to start shipping oil again, although how soon that could happen is unclear. Libya exported only about 1.6 million barrels of oil a day, or 2 per cent of global consumption, but energy traders worry that unrest will spread across the region to disrupt shipments from OPEC countries like Saudi Arabia and Iran. The Saudis are the biggest oil producers in the world, supplying about 8.4 million barrels a day. Iran produces more than 4 million barrels a day. Anti-government protests in those countries so far have been limited, although unrest continues in Syria, Bahrain and Yemen.

Meanwhile the Saudis are making good on a promise to make up for the deficit of Libyan oil. “Saudi Arabia is beginning to supply European oil companies with crude oil to help alleviate the shortfall from Libya,” said Addison Armstrong, senior director of market research at Tradition Energy. “Saudi Arabian Oil Co. has sold three shipments of light, sweet crude for March and April delivery: two to Austrian oil company OMV AG and one to BP.”

Gas pump prices continue to rise along with the price of oil. The national average in the U.S. on Thursday hit $3.606 for a gallon of regular, according to AAA, Wright Express and Oil Price Information Service. That’s 23 cents higher than a month ago and 81 cents above a year ago.

The Energy Department’s Energy Information Administration released its weekly report on natural gas supplies on Thursday. It showed that the country’s abundant reserves grew by 12 billion cubic feet from the week before, to 1.624 trillion cubic feet. That is 4.4 per cent above the five-year average.

“Shale plays have fundamentally altered the amount of domestic supply available, leading to large weekly injections,” said energy analyst Stephen Schork, who writes the daily Schork Report newsletter. The Energy Department estimates that natural gas in the nation’s shale deposits amounts to a 110-year supply.

Natural gas contracts rose 6 cents to $4.415 per 1,000 cubic feet. In other Nymex trading, heating oil added 5 cents to $3.1056 per gallon, and gasoline futures gained 4 cents at $3.0973 per gallon.

(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)

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###Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya.

Natural gas contracts rose 6 cents to $4.415 per 1,000 cubic feet. In other Nymex trading, heating oil added 5 cents to $3.1056 per gallon, and gasoline futures gained 4 cents at $3.0973 per gallon.

(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)

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Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from key areas in eastern Libya.

Natural gas contracts rose 6 cents to $4.415 per 1,000 cubic feet. In other Nymex trading, heating oil added 5 cents to $3.1056 per gallon, and gasoline futures gained 4 cents at $3.0973 per gallon.

(TSX:ECA), (TSX:IMO), (TSX:SU), (TSX:HSE), (NYSE:BP), (NYSE:COP), (NYSE:XOM), (NYSE:CVX), (TSX:CNQ), (TSX:TLM), (TSX:COS.UN), (TSX:CVE)

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Dominion Lending Centres Clearlease Reports Ondine Biomedical (TSX:OBP) shrinks fourth-quarter loss to $691,000 from $1.2 million

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Ondine Biomedical (TSX:OBP) shrunk its loss in the fourth quarter on more consulting revenue, a government grant and recovery of inventory, the company said Thursday.

The maker of light activated disinfectant lost $691,000 in the fourth quarter, or eight cents per share, compared with $1.2 million, or 19 cents in the same quarter a year before.

Revenues rose to $391,000 from $249,000 in the fourth quarter of 2009.

The Vancouver-based company said its loss was lower because of a $130,000 increase in consulting revenue, a $250,000 government grant and a recovery of inventory worth $150,000.

Meanwhile, the company plans to focus on development of new applications of its technology but will need to raise additional capital.

Ondine’s technology is used in products to treat the drug-resistant infection MRSA as well as the treatment of chronic sinusitis, to kill bacteria left behind after gum treatment and to kill bacteria in the body’s breathing tubes.

Stock in the company was up two cents at 31 cents Thursday afternoon on the Toronto Stock Exchange.

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The maker of light activated disinfectant lost $691,000 in the fourth quarter, or eight cents per share, compared with $1.2 million, or 19 cents in the same quarter a year before.

Revenues rose to $391,000 from $249,000 in the fourth quarter of 2009.

The Vancouver-based company said its loss was lower because of a $130,000 increase in consulting revenue, a $250,000 government grant and a recovery of inventory worth $150,000.

Meanwhile, the company plans to focus on development of new applications of its technology but will need to raise additional capital.

Stock in the company was up two cents at 31 cents Thursday afternoon on the Toronto Stock Exchange.

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The maker of light activated disinfectant lost $691,000 in the fourth quarter, or eight cents per share, compared with $1.2 million, or 19 cents in the same quarter a year before.

Revenues rose to $391,000 from $249,000 in the fourth quarter of 2009.

The Vancouver-based company said its loss was lower because of a $130,000 increase in consulting revenue, a $250,000 government grant and a recovery of inventory worth $150,000.

Meanwhile, the company plans to focus on development of new applications of its technology but will need to raise additional capital.

Stock in the company was up two cents at 31 cents Thursday afternoon on the Toronto Stock Exchange.

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Dominion Lending Centres Clearlease Reports Hyduke Energy Services Inc. (TSX:HYD) swings to Q4 loss of $1.8M from a small profit a year ago

Dominion Lending Centres Clearlease Reports Canadian oil and TransCanada’s Keystone XL pipeline were lauded by several Republican lawmakers on Thursday as a potential solution to many of America’s energy woes.Dominion Lending Centres Clearlease Reports Canadian oil and TransCanada’s Keystone XL pipeline were lauded by several Republican lawmakers on Thursday as a potential solution to many of America’s energy woes.Dominion Lending Centres Clearlease Reports Canadian oil and TransCanada’s Keystone XL pipeline were lauded by several Republican lawmakers on Thursday as a potential solution to many of America’s energy woes.

Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Canadian oil and TransCanada’s Keystone XL pipeline were lauded by several Republican lawmakers on Thursday as a potential solution to many of America’s energy woes.

Canada was held up as a virtuous _ and apparently non-foreign _ friend and neighbour who could help sate the continuing American appetite for oil by politicians who contend the United States has to end its dependence on oil from abroad.

“Canada has been a friend, Canada will continue to be a friend and we’ll continue to work with Canada,” Albio Sires, a New Jersey congressman, told a House of Representatives hearing on Capitol Hill.

Sires, a member of the House subcommittee that held the hearing, said he used to have concerns about the environmental impact of both the oilsands and the pipeline.

“But now I’m convinced that it’s good for Canada and good for the United States,” he said.

A day after U.S. President Barack Obama described Canada as a “stable and steady” energy partner in his call to reduce American oil imports by a third, energy stakeholders, environmentalists and oil industry officials testified about Alberta’s oilsands.

“Canada tarsands and this pipeline system are not comprehensive and perfect answers to some of our energy security needs,” Paul Sullivan, an economics professor at National Defence University and Georgetown University, said in a written submission to the hearing.

“However, sometimes the perfect is the enemy of the good, especially when we face increasing competition for resources, have to deal with oil-exporting countries that don’t like us, have to prop up some regimes we would rather not in order to get their oil, and have to face the whims of oil prices.”

The House of Representatives is now controlled by Republicans, and they’re decidedly more receptive to Canadian oil than some of their Democratic colleagues.

Thursday’s hearing, indeed, was entitled “Rising Oil Prices and Dependence on Hostile Regimes: The Urgent Case for Canadian Oil.”

Some Democrats concerned about climate change, on the other hand, have not only branded the oilsands “dirty oil” but are urging Secretary of State Hillary Clinton to put the brakes on the Keystone XL pipeline to Texas.

TransCanada has already brought the first two phases of the Keystone pipeline into service, which delivers crude to Illinois, Nebraska and Oklahoma.

Keystone XL, a controversial extension to that system, would expand capacity by 500,000 barrels per day and extend the line to the lucrative Gulf Coast market.

Refineries in the Gulf are well-tailored to handle the heavy oil Canada produces. As volumes of heavy crude from Venezuela and Mexico decline, demand for oilsands crude in that region has been increasing.

The hearing wasn’t all oilsands cheerleading. One ranking member of the subcommittee, Democrat Eliot Engel of New York, urged lawmakers to consider the environmental impact of the oilsands and the pipeline.

He also said the State Department was wise to deliberate long and hard about the pipeline.

Jeremy Symons of the National Wildlife Federation said Alberta’s oilsands were no energy saviour for the United States, calling it “the most destructive source of oil on the planet.”
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Sires, a member of the House subcommittee that held the hearing, said he used to have concerns about the environmental impact of both the oilsands and the pipeline.

“But now I’m convinced that it’s good for Canada and good for the United States,” he said.

The House of Representatives is now controlled by Republicans, and they’re decidedly more receptive to Canadian oil than some of their Democratic colleagues.

Thursday’s hearing, indeed, was entitled “Rising Oil Prices and Dependence on Hostile Regimes: The Urgent Case for Canadian Oil.”

TransCanada has already brought the first two phases of the Keystone pipeline into service, which delivers crude to Illinois, Nebraska and Oklahoma.

Keystone XL, a controversial extension to that system, would expand capacity by 500,000 barrels per day and extend the line to the lucrative Gulf Coast market.

He also said the State Department was wise to deliberate long and hard about the pipeline.

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Vancouver, B.C., Canada (April 1, 2011) – Clearlease.com Reports Canadian oil and TransCanada’s Keystone XL pipeline were lauded by several Republican lawmakers on Thursday as a potential solution to many of America’s energy woes.

Sires, a member of the House subcommittee that held the hearing, said he used to have concerns about the environmental impact of both the oilsands and the pipeline.

“But now I’m convinced that it’s good for Canada and good for the United States,” he said.

The House of Representatives is now controlled by Republicans, and they’re decidedly more receptive to Canadian oil than some of their Democratic colleagues.

Thursday’s hearing, indeed, was entitled “Rising Oil Prices and Dependence on Hostile Regimes: The Urgent Case for Canadian Oil.”

TransCanada has already brought the first two phases of the Keystone pipeline into service, which delivers crude to Illinois, Nebraska and Oklahoma.

Keystone XL, a controversial extension to that system, would expand capacity by 500,000 barrels per day and extend the line to the lucrative Gulf Coast market.

He also said the State Department was wise to deliberate long and hard about the pipeline.

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Dominion Lending Centres Clearlease Reports Boeing Company (NYSE:BA)‎ received banned U.S. subsidies: WTODominion Lending Centres Clearlease Reports Boeing Company (NYSE:BA)‎ received banned U.S. subsidies: WTODominion Lending Centres Clearlease Reports Boeing Company (NYSE:BA)‎ received banned U.S. subsidies: WTO

Vancouver, B.C., Canada (March 31, 2011) – Clearlease.com Reports Planemaker Boeing received at least $5.3 billion of dollars of banned U.S. subsidies, the World Trade Organization said Thursday.

The subsidies included banned support in the form of research and development payments from the NASA space agency.

The ruling by a panel of trade judges is the latest round in a six-year battle between the industry’s two giants that has spiraled into the world’s largest and costliest trade dispute.

A separate WTO trade panel condemned European support for Boeing rival Airbus in a parallel case last year.

Both sides immediately claimed the upper hand in the row, which now extends to 2,000 pages of rulings in the most complex and bitter battle ever brought before the Geneva trade court.

Airbus, part of European aerospace group EADS, said it had lost $45 billion in aircraft sales because of the subsidies.

“It’s time for Boeing to stop denying or minimizing the massive illegal subsidies it gets,” said Rainer Ohler, head of public affairs and communications at Toulouse-based Airbus.

Boeing acknowledged receiving $2.7 billion of illegal U.S. funding on top of a dispute that has already been aired, but said this was dwarfed by more than $20 billion of European aid which it said the WTO had earlier identified at Airbus.

“This WTO ruling shatters the convenient myth that European governments must illegally subsidize Airbus to counter U.S. government assistance to Boeing,” said Michael Luttig, executive vice-president and general counsel at Boeing.

Boeing says the condemned U.S. aid includes $2.2 billion in tax breaks on exports, which the United States says have already been remedied but which Airbus says must be repaid.

Both sides can appeal the latest findings.