Admin-CL

Dominion Lending Centres Clearlease, ProMetic Life Sciences Inc., (TSX:PLI), grants technology rights, Celgene, in return for loan forgiveness

Dominion Lending Centres Clearlease Reports ProMetic Life Sciences Inc. (TSX:PLI) grants technology rights to Celgene in return for loan forgiveness

Vancouver, B.C., Canada (April 6, 2011) Clearlease.com Reports Biopharmaceutical company ProMetic Life Sciences Inc. (TSX:PLI) announced Tuesday that it has assigned certain commercial rights of its protein technologies to U.S.-based Celgene Corp. in return for forgiveness of a US$10-million loan agreement.

Quebec-based ProMetic said that under the agreement, Abraxis BioScience Inc., a wholly owned subsidiary of Celgene, will effectively terminate the loan agreement entered into with ProMetic on Feb. 9, 2010, four years prior to its original term,

In return, ProMetic has granted worldwide intellectual property rights for specific commercial application of its protein technologies to Celgene “within restricted fields of use.”

“We are extremely pleased in Celgene’s recognition of the inherent value for the commercial application of ProMetic’s protein technologies,” said president and CEO Pierre Laurin.

“This is a win-win transaction for both parties and an efficient way of reducing a very significant portion of ProMetic’s debt in a manner that is non-dilutive to our existing shareholders.”

Celgene Corp., headquartered in Summit, N.J., is an integrated global biopharmaceutical company engaged primarily in the discovery, development and commercialization of therapies for the treatment of cancer and inflammatory diseases through gene and protein regulation.

ProMetic specializes in the research, development, manufacture and marketing of a variety of commercial applications derived from its proprietary mimetic ligand technology used in large-scale purification of biologics and the elimination of pathogens. It is also active in therapeutic drug development.

ProMetic, which released its financial results after the markets closed, said it had a net loss of $4.3 million or one cent a diluted share on revenues of $1.1 million in the three months ended Dec. 31.

That compared with a year-ago loss for the quarter of $2.4 million, also a penny per share, on revenue of $4.3 million.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
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

###

Dominion Lending Centres Clearlease Reports SEC charges Wachovia over CDOs, Wells Fargo & Co (NYSE: WFC)

Dominion Lending Centres Clearlease Reports SEC charges Wachovia over CDOs now owned by Wells Fargo & Co (NYSE: WFC)

Vancouver, B.C., Canada (April 6, 2011) – Clearlease.com Reports The Securities and Exchange Commission on Tuesday charged Wachovia Corp. with overpricing mortgage-bond deals, in the first of what could be several suits the regulator brings to clamp down on Wall Street practices.

Wells Fargo & Co (NYSE: WFC) which now owns Wachovia, agreed to settle the SEC’s charges by paying more than $11 million in disgorgement and penalties, much of which the agency said will be returned to harmed investors.

“Wachovia caused significant losses to the Zuni Indians and other investors by violating basic investor-protection rules — don’t charge secret excessive markups, and don’t use stale prices when telling buyers that assets are priced at fair-market value,” said SEC Division of Enforcement Director Robert Khuzami.

Subpoena for IPO-poised Pandora

Online-music streaming service Pandora, which plans an initial public offering, says it has been subpoenaed in an investigation probing information-sharing by mobile applications. John Letzing and Stacey Delo discuss.

The agency is focusing on the amounts Wachovia charged for collateralized debt obligations, and the inquiry is part of a broader probe into Wall Street sales of $1 trillion worth of CDOs.

CDOs are a type of security often made up of the riskier portions of mortgage-backed securities. Read about CDOs role in the financial crisis.

The SEC’s order found that Wachovia violated securities laws by charging “undisclosed excessive markups” in shares of CDOs to the Zuni Indian Tribe and to an individual investor.

According to the SEC, Wachovia allegedly marked down $5.5 million of equity to 52.7 cents on the dollar after the deal closed and it was unable to find a buyer. Months later, the SEC said, the Zuni Indian Tribe and individual investor paid 90 cents and 95 cents on the dollar for the securities, the agency added. Read about Merrill Lynch and CDO disclosures

“Unbeknownst to them, these prices were over 70 percent higher than the price at which the equity had been marked for accounting purposes,” the SEC said.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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 .

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease, Reports, Record gold US$1,452.50 an ounce, prices lift TSX, Teck Resources, (TSX:TCK.B), Barrick Gold Corp., (TSX:ABX), Goldcorp Inc., (TSX:G)

Dominion Lending Centres Clearlease Reports Record gold US$1,452.50 an ounce prices lift TSX, Teck Resources (TSX:TCK.B), Barrick Gold Corp. (TSX:ABX) and Goldcorp Inc. (TSX:G)

Vancouver, B.C., Canada (April 6, 2011) – Clearlease.com Reports The Toronto stock market advanced to a positive close Tuesday as record high bullion prices lifted gold stocks and other mining stocks shook off early losses amid China’s latest move to slow its economy to deal with high inflation.

The S&P /TSX composite index rose 52.18 points to 14,270.53 while the TSX Venture Exchange was up 30.62 points at 2,354.34.

The Canadian dollar was up 0.39 of a cent at 103.75 cents US.

The TSX was off session lows after traders initially reacted negatively to the move by the People’s Bank of China to raise its key rate a quarter point.

The rate hike, the fourth since October, is in response to China’s consumer prices rising by 4.9 per cent in February, driven by an 11 per cent jump in politically sensitive food costs.

Markets have reacted cautiously in the short term to such moves to slow the Chinese economy. That is because China has significantly helped lift the global economy from recession and contributed to pushing the resource-heavy TSX up five per cent in the first quarter of this year.

“It shouldn’t come as a surprise,” said Ian Nakamoto, director of research at MacDougall, MacDougall and MacTier.

“They’re trying to cool the economy and avoid a bubble. How can you possibly fault any central banker for doing that?”

The European Central Bank is also widely expected to raise its key interest rate a quarter point on Thursday to deal with stubbornly high inflation.

The gold sector led advancers as unrest in the Middle East, worries about inflation and a potential U.S. government shutdown sent the June contract in New York up $19.50 to a record close of US$1,452.50 an ounce. Barrick Gold Corp. (TSX:ABX) gained $2.58 to C$52.36 and Goldcorp Inc. (TSX:G) advanced $2.76 to C$50.30.

The base metal group was ahead 1.53 per cent as the May copper contract on the New York Mercantile Exchange erased early losses and was up one cent at US$4.26 a pound. Teck Resources (TSX:TCK.B) climbed $1.28 to C$56.38

New York markets were weak as a key gauge of the U.S. service sector showed a slower pace of expansion in March and it appeared that Congress and the White House were no closer to reaching a deal to provide money for the rest of the budget year and avoiding a government shutdown.

The Dow Jones industrial average declined 6.13 points to 12,393.9.

The Nasdaq composite index gained two points to 2,791.19 after Texas Instruments Inc. said late Monday that it was buying chip maker National Semiconductor for US$6.5 billion. The S&P 500 index was off 0.24 of a point at 1,332.63.

The Institute for Supply Management said that its index of the American service sector came in at 57.3 in March, down from 59.7 in February.

Investors also took in minutes from the U.S. Federal Reserve ’s March meeting on interest rates. They showed that officials debated whether the central bank should exit its loose monetary policy this year or next.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Gee-Ten Ventures Inc. (TSXV:GTV) is being merged with a privately owned Colombia-focused mining exploration company headquartered in Montreal

Vancouver, B.C., Canada (April 6, 2011) – Clearlease.com Reports Gee-Ten Ventures Inc. (TSXV:GTV) announced Tuesday that it is being merged with a privately owned Colombia-focused mining exploration company headquartered in Montreal.

The company will adopt the private company’s name, Cabia Goldhills Inc., and list its shares publicly on the TSX Venture Exchange.

Under the agreement, dated April 4 and announced Tuesday, each of Gee-Ten share will be exchange for one common share of amalgamated company and each share of Cabia for one-half of one share of the new company.

Concurrent with the reverse takeover, Mackie Research Capital will be lead agent in a “best efforts” private placement sale of between $3 million and $5 million subscription receipts, which will be converted to shares and warrants.

Money from the financing will be used to pay the first instalments and work commitments for the acquisition of interests in mining concessions in Colombia, working capital and for general corporate purposes.

Gee-Ten shares last traded Monday at 50 cents, giving it a market value of $2 million.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Trow Global Holdings Inc., one of North America’s fastest growing engineering, consulting and project management firms, announced today that it has changed its name to exp Global Inc

Vancouver, B.C., Canada (April 6, 2011) Clearlease.com Reports Trow Global Holdings Inc., one of North America’s fastest growing engineering, consulting and project management firms, announced today that it has changed its name to exp Global Inc. Members of the Trow Global family of companies are also adopting the new exp brand to better represent the breadth of services, geographic reach and scope of the organization.

“Today marks the beginning of a new era for our organization, and our clients” said Mr. Vlad Stritesky, President and CEO of the firm. “Changing our brand to exp is the culmination of more than 25 companies and thousands of people coming together. This change will help us drive home the message that we provide a complete range of services, where our clients need them, and all under one roof.”

The following companies are adopting the exp brand identity, effective April 4th, 2011:

Atlantic Canada

· ADI Limited
· ADI Architects
· Enerplan
· Facilities Design Group
· Newfoundland Labrador Consulting Engineers
· Novaport International Consultants
· O’Halloran Campbell Consultants
· Peake Design
· Trow Project Services

Ontario

· Advanced Environmental
· Banerjee & Associates
· Carruthers & Wallace
· David McManus Engineering
· Group Eight Engineering
· Paramount Design Build & Management
· Richardson Foster
· Smylie & Crow Associates
· Trow Associates
· Trow Geomatics
· Weslake

Quebec

· Construction Teknika HBA
· Experco International Ltee
· Laboratoire de Construction 2000
· Les Consultants LBCD
· Les Laboratoires Shermont
· Les Services Conseils Teknika
· Groupe Conseil PROCD
· Progénie Experts-Conseils
· Teknika HBA

Western Canada

· ADI Limited
· Progressive Engineering
· Trow Associates

United States

· Trow Engineering Consultants
· X-nth

Teng & Associates Inc., an exp company based in Chicago and with offices across the U.S., will adopt the exp name in the coming months.

About exp

With a mission to understand, innovate, partner and deliver, exp provides professional, technical and strategic advisory services to the world’s built and natural environments in six key practice areas: Buildings, Earth & Environment, Energy, Industrial, Infrastructure, and Sustainability. Formerly the Trow Global group of companies, the firm adopted its new name to provide clients with easy access to our highly experienced and creative professionals, whether locally or globally. With over 3,400 people in offices across North America and around the world, exp provides the experience and expertise needed to deliver successful project outcomes for our clients around the world. Whether the project is big or small, clients have access to our global capability platform from our local office network to ensure the right people provide the right solution. For more information about exp, please visit www.exp.com.

Media Contact:
Greg Henderson
Executive Vice President and Chief Financial Officer
exp
56 Queen St. E., Suite 301
Brampton, Ontario, L6V 1A3
Canada
+1.855.call exp (225.5397)
[email protected]

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease, Clearlease.com, Dominion Lending Centres Clearlease Reports, American Superconductor Corporation, (NASDAQ: AMSC), Superconductor Leasing, Lease a Supercondudctor, Commercial Financing, Commercial Funding, Commercial Leasing, Commercial Line of Credit, Commercial LOC

Dominion Lending Centres Clearlease Reports American Superconductor Corporation (NASDAQ: AMSC) was hardly looking super and hardly looking American after the close of trading this Tuesday.

Vancouver, B.C., Canada (April 6, 2011) – Clearlease.com Reports American Superconductor Corporation (NASDAQ: AMSC) was hardly looking super and hardly looking American after the close of trading this Tuesday. The company gave a guidance update due to a key customer order refusal and shares are getting crushed in the after-hours session.

The company announced that Sinovel Wind Group Co., Ltd. refused to accept an order delivery for core electronic components for wind turbines. The order refusal came on March 31 from the Chinese wind power company. American Superconductor said that it believes Sinovel is planning to cut down on inventories before it accepts any new parts shipments.

This order delay is called the primary reason for the shortfall and the company now sees fourth quarter sales of less than $42 million and that it will generate a net loss for the fourth quarter. As a result, AMSC currently expects its full year fiscal 2010 revenues to be less than $355 million. The prior guidance was for $430 million to $440 million for the year.

Another hit will be to its cash as it was at $260.5 million on December 31, 2010 and the new cash and equivalents figure will be closer to $240 million. As a result of the deliveries being refused, the company is now dealing with a review on the timing of its revenue recognition on approximately $56 million of unpaid shipments in the second, third and fourth quarters of fiscal 2010.

While the company is discussing when Sinovel plans to take future deliveries, it is also discussing when Sinovel will pay for past shipments. American Superconductor said it is now “implementing plans to better align spending with near-term revenues while continuing to maintain a high level of service and support for its global Wind and Grid customers.” In short, it was caught unexpectedly with what brokers would call a “DK” trade and now it is slashing costs near-term.

What is sad about this besides the drop is that this company is supposed to be one of the wind energy winners and alternative energy winners out there. It just seems as though the move to alternative energy is still petering out as governments tighten the belt and as customers are growing cautious on large capital projects. We knew that wind was facing some of the same issues that solar and other alternative energy players were facing, but this is crushing what was already a weak stock.

American Superconductor shares closed up 0.8% at $24.88 against a 52-week trading range of $21.70 to $38.88, but the after-hours trading is severely punishing the stock. Go ahead and expect a 52-week low and then some as this one is down about 44% at $13.60 after the close.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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 .

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Top 4 Mid-Cap Stocks In The Oil & Gas Refining & Marketing Industry With The Highest Cash (UGP, SUN, TSO, FTO)

Vancouver, B.C., Canada (April 5, 2011) Clearlease.com Reports Below are the top mid-cap oil & gas refining & marketing stocks on the NYSE and the NASDAQ in terms of cash.

Ultrapar Holdings Inc (NYSE: UGP) had $1.93 billion in total cash and $3.25 billion in total debt for the latest quarter.

Sunoco Inc (NYSE: SUN) had $1.48 billion in total cash and $2.43 billion in total debt for the latest quarter.

Tesoro Corporation (NYSE: TSO) had $648.00 million in total cash and $2.00 billion in total debt for the latest quarter.

Frontier Oil Corporation (NYSE: FTO) had $559.57 million in total cash and $350.71 million in total debt for the latest quarter.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford 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 .

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Labrador Iron Mines Holdings (TSX:LIM) announces $110 million equity financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Vancouver, B.C., Canada (April 5, 2011) Dominion Lending Centres Clearlease Reports Labrador Iron Mines Holdings Limited (TSX:LIM) is pleased to announce that in connection with its previously announced overnight marketed public offering on April 4, 2011 (the “Offering”), it has entered into an underwriting agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and including BMO Nesbitt Burns Inc., Jennings Capital Inc., Haywood Securities Inc. and Scotia Capital Inc. (the “Underwriters”) to sell 8,000,000 common shares of the Company (the “Common Shares”) at a price of C$12.50 per Common Share and 666,700 flow-through shares (the “FT Shares”, and together with the Common Shares, the “Underwritten Shares”) of the Company at a price of C$15.00 per FT Share for aggregate gross proceeds of C$110,000,500.

The Company has also granted the Underwriters an over-allotment option to purchase up to that number of additional common shares (the “Over-Allotment Common Shares”, and together with the Common Shares and FT Shares, the “Offered Securities”) equal to 15% of the Underwritten Shares sold pursuant to the Offering, exercisable at any time up to 30 days after and including the closing of the Offering at a price equal to the offering price of the Common Shares of C$12.50 per share.

The Company intends to use the net proceeds from the Offering for upgrades to and expansion of the Silver Yards plant, for payments under the recently announced rail transportation agreements, for exploration and development of the Company’s mineral projects, and for general corporate and working capital purposes.

The Offering is being made pursuant to a short form prospectus filed in each of the provinces of Canada other than Quebec. The Offered Securities are not registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About Labrador Iron Mines Holdings Limited (LIM)

LIM’s Schefferville Area project involves the development of twenty direct shipping iron ore deposits in western Labrador and north-eastern Quebec near Schefferville, Quebec. The Company’s properties are part of the historic Schefferville area iron ore district where mining of adjacent deposits was previously carried out by the Iron Ore Company of Canada from 1954 to 1982.

LIM contemplates mining in stages, the first phase of Stage 1 comprising the James and Redmond deposits, which are located in close proximity to existing infrastructure, and for which all operating permits have been issued and plant construction and mine development is nearing completion.

For further information, please view the Company’s website at www.labradorironmines.ca

Cautionary Statements:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of iron ore and steel, general market conditions, the uncertainty of future profitability and access to additional capital, risks inherent in mineral exploration and risks associated with development, construction and mining operations, delays in obtaining or failures to reach agreements with any potentially impacted aboriginal groups or to obtain required governmental, environmental or other project approvals. There can be no assurance that the Company will be successful in reaching any agreement with any First Nations groups who may assert aboriginal rights or may have a claim which affects the Company’s properties or may be impacted by the Schefferville Area project. Caution should be exercised on placing undue reliance on forward looking information.

DLC Clearlease currently has the following employment opportunities available:
http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

Dominion Lending Centres Clearlease Reports Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) Completes A$93.8 Million Placement

Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports – Proceeds to Retire Debt, Improve Simberi (PNG) Operational Efficiency, Expand Simberi Production and Working Capital

– A$93.8 Million / GBP 60.1 Million Placement to Institutional and Sophisticated Investors
– The Placement Shares Represent 15% of Current Issued Share Capital
– New Shares Issued at A$0.60 / 38.5p Per Share
– Allied to Advance LSE Main Market Listing

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH PUBLICATION RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) (“Allied Gold” or the “Company”) has successfully completed the book build for a placement of new ordinary shares (“Shares”) to institutional and sophisticated investors, raising gross proceeds of approximately A$93.8 million (GBP 60.3 million) (the “Placement”).

The Shares under the Placement will be issued at a price of A$0.60 (or 38.5p) per share (“Issue Price”), which represents a discount of:

— 5.5% to Allied Gold’s last closing share price on the ASX of A$0.635; and — 4.8% to Allied Gold’s 5 day volume weighted average share price on the ASX of A$0.630.

Under the Placement Allied Gold will issue approximately 156.3 million Shares with admission of the Shares on AIM expected to be Monday 11 April 2011 and admission of shares on ASX expected to be on Tuesday 12 April 2011.

Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM. The Placement is also subject to receipt of approval from the Toronto Stock Exchange (“TSX”).

The Shares, when issued, will rank pari passu with existing ordinary shares of the Company. Immediately following the admission of the Shares, Allied Gold will have approximately 1,199 million ordinary shares on issue.

RBC Capital Markets is acting as Global Lead Manager and Sole Bookrunner on the Placement, Casimir Capital L.P. is acting as Joint Lead Manager and Mirabaud Securities LLP, Oriel Securities Limited and Wilson HTM are acting as Co-Managers on the Placement.

USE OF FUNDS

Allied Gold intends to use the net proceeds from the Placement to:

— Retire approximately A$50.0 million (GBP 32.1 million) of existing debt
facilities, thus strengthening Allied Gold’s balance sheet;

— At Simberi, replace diesel fuel electricity generation with heavy fuel
oil at a cost of approximately A$15.0 million (GBP 9.6 million), to
reduce Simberi’s electricity generation costs by approximately 25 per
cent;

— Provide the balance of funding required to expand the Simberi gold mine
(“Simberi”) in Papua New Guinea (PNG) from 2.4Mtpa to 3.5Mtpa, to lift
gold production from 70,000 ozpa to 100,000 ozpa; and

— Provide working capital for exploration and other corporate purposes.

INTENTION TO MOVE TO THE MAIN MARKET OF THE LONDON STOCK EXCHANGE

Allied Gold intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the “Official List”) and for a Premium Listing on the London Stock Exchange’s (“LSE”) Main Market for listed securities.

The Company has been examining the merits of moving to the Main Market for some time and believes it can assist the Company with its profile, the liquidity of its shares, and an increased potential investor base.

Such a move will be subject to shareholder approval. Shareholders will be kept fully informed of this process as it progresses and as the timetable is confirmed.

RBC Capital Markets has been appointed as sponsor in relation to the move to the Main Market of the LSE.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

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.

Dominion Lending Centres Clearlease Reports QMI Seismic (CNSX:QSS) says 2010 purchase of QTech hasn’t worked out, returns it to seller

Vancouver, B.C., Canada (April 5, 2011) – Clearlease.com Reports today that QMI Seismic Inc. (CNSX:QSS) is unwinding its purchase of the QTech manufacturing and distribution facilities in Coquitlam, B.C., near Vancouver, saying the anticipated benefits of the 2010 deal haven’t materialized.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
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

###

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Contact DLC Clearlease.com:

###

All posts by : Admin-CL

Dominion Lending Centres Clearlease Reports ProMetic Life Sciences Inc. (TSX:PLI) grants technology rights to Celgene in return for loan forgiveness

Dominion Lending Centres Clearlease Reports SEC charges Wachovia over CDOs now owned by Wells Fargo & Co (NYSE: WFC)

Dominion Lending Centres Clearlease Reports Record gold US$1,452.50 an ounce prices lift TSX, Teck Resources (TSX:TCK.B), Barrick Gold Corp. (TSX:ABX) and Goldcorp Inc. (TSX:G)

Dominion Lending Centres Clearlease Reports Gee-Ten Ventures Inc. (TSXV:GTV) is being merged with a privately owned Colombia-focused mining exploration company headquartered in Montreal

Dominion Lending Centres Clearlease Reports Trow Global Holdings Inc., one of North America’s fastest growing engineering, consulting and project management firms, announced today that it has changed its name to exp Global Inc

Dominion Lending Centres Clearlease Reports American Superconductor Corporation (NASDAQ: AMSC) was hardly looking super and hardly looking American after the close of trading this Tuesday.

Dominion Lending Centres Clearlease Reports Top 4 Mid-Cap Stocks In The Oil & Gas Refining & Marketing Industry With The Highest Cash (UGP, SUN, TSO, FTO)

Dominion Lending Centres Clearlease Reports Labrador Iron Mines Holdings (TSX:LIM) announces $110 million equity financing

Dominion Lending Centres Clearlease Reports Allied Gold Limited (TSX:ALG)(ASX:ALD)(AIM:AGLD) Completes A$93.8 Million Placement

Dominion Lending Centres Clearlease Reports QMI Seismic (CNSX:QSS) says 2010 purchase of QTech hasn’t worked out, returns it to seller

Clearlease Financial Group | The Clear Choice

Useful links

Newsletter