Elizabeth Arden, Inc. (NASDAQ:RDEN) announced financial results for its second fiscal quarter ended December 31, 2011. For the quarter ended December 31, 2011, the Company reported net sales of $429.9 million, an increase of 6.0%, as compared to the second quarter of the prior fiscal year. Excluding the favorable impact of foreign currency translation, net sales increased by 5.8%.
Elizabeth Arden, Inc., a beauty products company, engages in the manufacture, distribution, marketing, and sale of fragrances, skin care, and cosmetic products to retailers and other outlets worldwide.
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Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Majestic Gold Corp. has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (”Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% 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 shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
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. 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. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
Gold is used in circuitry because it is a dependable conductor and connector. In addition, many parts of every space vehicle are fitted with gold-coated polyester film. This film reflects infrared radiation and helps stabilize the temperature of the spacecraft. Without this coating, dark colored parts of the spacecraft would absorb significant amounts of heat. Gold is also used as a lubricant between mechanical parts.
For more information, please visit their website: http://www.majesticgold.net
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SodaStream International, Ltd. (NASDAQ:SODA) announced that it intends to release its financial results for the fourth quarter and fiscal year 2011 on Wednesday, February 29, 2012 at approximately 7:30 a.m. ET, to be followed by a conference call at 8:30 a.m. ET. The conference call will be broadcast live at the Company’s IR website, http://sodastream.investorroom.com.
SodaStream International Ltd. engages in the development, manufacture, and marketing of home beverage carbonation systems and related products. Its home beverage carbonation systems enable consumers to transform ordinary tap water into carbonated soft drinks and sparkling water.
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Champion Industries, Inc. (NASDAQ:CHMP) announced a net loss of $(4.0) million or $(0.38) per share on a basic and diluted basis for the year ended October 31, 2011 compared to net income of $0.5 million or $0.05 per share on a basic and diluted basis for the year ended October 31, 2010. The Company reported a net loss of $(5.4) million for the quarter ended October 31, 2011 compared to net income of $0.9 million for the quarter ended October 31, 2010. On a core net income basis the Company reported net income of $1.0 million or $0.10 per share for the years ended October 31, 2011 and 2010. Core net income is defined as net (loss) income as reported, adjusted for restructuring and other charges, non-cash impairment charges, gain on early extinguishment of debt from a related party and interest rate swap.
Champion Industries, Inc., together with its subsidiaries, operates as a commercial printer, business forms manufacturer, and office products and office furniture supplier in regional markets east of the Mississippi river in the United States.
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