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  • (TSX.V:BOB, GU, STV, NMR) Market Update From PennyOmega.com

     



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    Global Hunter Corp. (TSX.V:BOB) (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.


    Global Hunter’s focus is on strategic and base metals, particularly copper and molybdenum. The Company has built an outstanding portfolio of projects in the stable geopolitical geographies of Canada and Chile. Our exploration and development teams are on the ground rapidly advancing the La Corona de Cobre property near La Serena, Chile and the Rabbit South property in British Columbia, Canada. Either one of these projects could carry the company forward on a stand-alone basis, but together they bring the company additional stability, strength and value.


    To Learn More, GoTo: www.globalhunter.ca


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    Gushan Environmental Energy Limited (NYSE:GU) announced the results from its Annual General Meeting (AGM). At this year’s AGM, shareholders approved all of the resolutions proposed in the AGM notice, including the adoption of the 2009 annual report, the audited financial statements for the year ended December 31, 2009, and re-elections of directors Mr. Jianqiu Yu and Mr. Kang Nam Chu. The total number of members of the board of directors remains five. KPMG was reappointed as the Independent Auditor for the fiscal year 2010. “We are pleased that shareholders approved all of management’s proposed resolutions at this year’s Annual General Meeting,” stated Jianqiu Yu, Chairman and Principal Executive Officer. “We would like to thank all our shareholders and our board of directors for their continued support of Gushan.”


    Gushan Environmental Energy Limited, through its subsidiaries, produces biodiesel and its by-products. Its biodiesel is used to produce chemical products, primarily produced from various feed stocks, such as vegetable oil, animal fat, and recycled cooking oil; to fuel a range of diesel engines in trucks, mass transit vehicles, marine vessels, and generators; and as fatty acid methyl ester in the chemical industry. The company’s biodiesel by-products include glycerine, plant asphalt, erucic acid, and erucic amide, which are used in various commercial applications in the food, pharmaceutical, and manufacturing industries.


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    China Digital TV Holding Co., Ltd. (NYSE:STV) declared on November 22, 2010 a special cash dividend of US$2.00 per share on the Company’s ordinary shares, par value US$0.0005 per share, to be paid in two installments of US$1.00 each during 2011. Each of the Company’s American depositary shares represents one ordinary share. Shareholders of record as of the close of business on December 23, 2010, U.S. Eastern Standard Time, will be eligible to receive the dividend. The first installment of the dividend is expected to be paid on or around January 13, 2011, and the second installment is expected to be paid in due course after the completion of the ongoing dividend repatriation process by the Company’s PRC subsidiaries. Mr. Jianhua Zhu, China Digital TV’s Chairman and Chief Executive Officer commented, “Our Board of Directors believes that a special dividend is an efficient use of cash to maximize shareholder value at this time. Meanwhile, our robust cash reserves and consistent, healthy operating cash flow are sufficient to support our multiple growth objectives.”


    China Digital TV Holding Co., Ltd., through its subsidiaries, provides conditional access (CA) systems to digital television markets in the People’s Republic of China. Its CA systems consist of smart cards and head-end software for television network operators, as well as terminal-end software for set-top box manufacturers, which enable digital television network operators to control the distribution of content and value-added services to their subscribers and block unauthorized access to their networks. The company licenses its set-top box design to set-top box manufacturers and sells advanced digital television application software, such as electronic program guides and subscriber management systems to digital television network operators.


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    Nomura Holdings Inc. (NYSE:NMR) announced a reciprocal liquidity access agreement that will allow each firm’s institutional clients to maximise liquidity opportunities in Asia-Pacific. Joel Hurewitz, Instinet’s Head of Asia-Pacific Sales – Broker Dealer and Liquidity, said the deal was a further example of the firm’s global goal of helping clients seamlessly source liquidity. With Instinet recently having signed similar agreements in Asia with other major trading venue providers, Instinet clients can now access 11 alternative liquidity pools in Asia. “We’ve been very aggressive in pursuing these kinds of linkages in Asia, as our goal is helping our clients get ahead of the fragmentation curve in Asia,” he said. “As a result, our clients are enjoying not only a significant increase in the amount of liquidity they can access, but also more interesting liquidity with which to interact in our pools.”


    Nomura Holdings, Inc. provides financial services in Japan and internationally. The company operates in three divisions: Retail, Wholesale, and Asset Management. The Retail division primarily offers investment consultation services to retail clients. This division also offers various financial instruments, such as stocks, debt securities, investment trusts, and variable annuity insurance products for the short, medium, and long term. As of March 31, 2010, it operated a network of approximately 172 branches. The Wholesale division engages in the fixed income and equity trading, and asset finance businesses. It offers debt securities, foreign currencies, and commodities, as well as related derivatives; and equities and equity-linked derivatives; and enables clients to raise capital through real estate and asset securitization, financing, and other solutions.


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