Orofino Gold Corp. (ORFG)
Gold is often combined with other metals for use in modern dentistry. The gold used for dental work, including fillings and crowns, is predominantly white gold or gold alloys. Due to its special conductive properties, gold has become a popular choice in the fields of industry and electronics. Almost all high tech appliances, from computers to mobile phones, have some gold content. In addition, the fact that electromagnetic radiation is reflected by gold has made it a popular choice in protecting expensive equipment or personnel that may be exposed to infrared light or other high level electromagnetic radiation sources.
Orofino Gold Corp. has several Gold development properties in Colombia, a current hot spot of gold production in the world markets. Orofino Gold Corp. is a Colombia based gold producer founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Orofino Gold Corp. recently announced that the appointment of Mr. Salvador Rivero to the company’s Board of Directors.
Mr. Rivero brings to Orofino a wealth of knowledge in the areas of business, corporate finance, and mining operations. After graduating from law school in Mexico, Mr. Rivero spent the next 25 years developing a thorough understanding of the processes necessary to successfully discover, acquire, and develop, mineral concessions with the potential of containing valuable mineral deposits. Considered by Orofino as an acquisitions specialist, Mr. Rivero has been involved in the development of various turn-key projects in mining, energy, fertilizer, oil and gas, and shipping sectors.
For more information about Orofino Gold Corp. visit its website www.orofinogoldcorp.com
Magellan Midstream Partners LP (NYSE:MMP) announced that it is proceeding with permitting and final engineering for the potential reversal and conversion of a portion of the partnership’s Houston-to-El Paso pipeline to crude oil service. The reversed pipeline system would have a capacity of up to 200,000 barrels per day. Recent expressions of interest received from potential shippers indicate sufficient support exists to justify the project. However, the partnership will make a definitive decision on this project once binding agreements are executed.
Magellan Midstream Partners, L.P., together with its subsidiaries, engages in the transportation, storage, and distribution of refined petroleum products in the United States. Its pipeline system transports petroleum products and liquefied petroleum gases from the Gulf Coast refining region of Texas through the Midwest to Colorado, North Dakota, Minnesota, Wisconsin, and Illinois.
Progress Energy Inc. (NYSE:PGN) its board of directors declared a dividend on the company’s common stock. The quarterly dividend was declared at 62 cents per share, payable May 2, 2011, to shareholders of record as of April 11, 2011. This represents a total annual dividend of $2.48 per share.
Progress Energy, Inc., an utility holding company, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in North Carolina, South Carolina, and Florida.
Polypore International Inc. (NYSE:PPO) announced the public offering of an aggregate of 4,500,000 shares of its common stock by certain selling stockholders of the Company, including Warburg Pincus Private Equity VIII, L.P. and Warburg Pincus International Partners, L.P. (”Warburg Pincus”), and certain executive officers of the Company. The selling stockholders will receive all of the proceeds from this offering. No shares are being sold by the Company. Warburg Pincus is selling 4,214,705 shares of common stock in the offering. After this offering, Warburg Pincus and its affiliates will beneficially own approximately 13% of the Company’s common stock. The Company’s executive officers participating in the offering, including the Company’s Chief Executive Officer, are selling an aggregate of 285,295 shares of common stock in the offering.
Polypore International, Inc., a technology filtration company, develops, manufactures, and markets microporous membranes used in separation and filtration processes. It operates in two segments, Energy Storage and Separations Media.
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