TMCnet News

MRGP, BYD, FFFD - Mining for Gold in Colombia & Hot Stock News Update!
[August 08, 2010]

MRGP, BYD, FFFD - Mining for Gold in Colombia & Hot Stock News Update!


__ Mercer Gold Corp. (OTCBB: MRGP) Last Traded Price: $0.65 Why Mine for Gold in Colombia? Colombia and Gold Mining a partnership in the making Due to shifts in policy, the state no longer is actively involved in the business side of mining in Colombia and instead fosters a policy whereby mining development is left 100 per cent to the private sector.



The Mining-Energy Planning Unit (Unidad de Planeación Minero-Energética or UPME), the official entity responsible for the development of the mining sector in Colombia, has formulated a strategic national mining plan which states that ?in 2019 the Colombian mining activity will be one of the most important industries in the continent, and will have significantly enhanced its share of the national economy.? Over the past decade Colombian mining activity has grown significantly in production volume and value, and exports. The share of the mining GDP (% of total GDP) has grown from 1.8 per cent in 1996 to 2.7 percent in 2005 thanks to the growing development of coal mining and, to a lesser degree, of precious metals and ferronickel mining. Foreign investors such as Drummond, BHP Billiton, Glencore, Amcoal and Rio Tinto, have undertaken large-scale projects in Colombia.

MERCER intends to be a real player in Colombia with its properties that are right in the main gold and mineral fields of Marmato district which is known to be rich in mineral deposits.


About Mercer Gold Corporation Mercer Gold Corporation is focused on gold exploration and resource definition in Colombia. The Company acquired the prospective Guayabales Project, located in the Marmato Gold District, Department of Caldas in 2010. Mercer is exploring the Guayabales property and is seeking to acquire additional prospective gold properties in Colombia.

The Company's Chief Geologist, Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

For more information about this company please visit: http://www.mercergoldcorp.com/ __ Boyd Gaming Announces Completion of $950 Million Borgata Financing Boyd Gaming Corporation (NYSE: BYD) August 6th reported that Borgata Hotel Casino and Spa, Boyd Gaming's 50/50 joint venture in Atlantic City, New Jersey, completed a $950 million debt financing, consisting of two $400 million tranches of senior secured notes due October 2015 and August 2018, respectively (the "notes"), and a $150 million payment priority secured revolving credit facility maturing in August 2014, of which $75 million was drawn at closing.

Marina District Finance Company, Inc. ("MDFC"), the issuer of the notes, is a wholly-owned subsidiary of Marina District Development Company, LLC ("MDDC"), the entity that developed and owns Borgata Hotel Casino and Spa, including The Water Club Hotel at Borgata.

The $400 million 2015 notes bear interest at a rate of 9 1/2% per annum, payable semi-annually in arrears on April 15 and October 15 of each year, commencing April 15, 2011. The $400 million 2018 notes bear interest at a rate of 9 7/8% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2011. The notes are guaranteed by MDDC.

The proceeds from the debt financing will be used to retire Borgata's existing bank credit facility, pay transaction fees and expenses and make a one-time distribution to Borgata's joint venture partners estimated to be approximately $215 million, subject to adjustment based upon actual transaction fees and expenses, as well as the actual payoff of the outstanding balance under Borgata's existing credit facility at closing.

Banc of America Securities LLC acted as representative for the initial purchasers. Morrison & Foerster LLP represented Borgata in the offering, and Cahill Gordon & Reindel LLP represented the initial purchasers.

Headquartered in Las Vegas, Boyd Gaming Corporation (NYSE: BYD) is a leading diversified owner and operator of 16 gaming entertainment properties located in Nevada, New Jersey, Mississippi, Illinois, Indiana, and Louisiana.

www.boydgaming.com __ North Central Bancshares, Inc. Announces Results for Second Quarter 2010 North Central Bancshares, Inc. (the "Company") (Nasdaq: FFFD), the holding company for First Federal Savings Bank of Iowa (the "Bank"), announced today its financial results for the second quarter ended June 30, 2010.

The Company's net loss for the quarter ended June 30, 2010 was $(129,000), or $(0.19) per diluted share, compared to net income of $894,000, or $0.57 per diluted share, for the quarter ended June 30, 2009. The decrease in earnings was primarily due to an increase in provision for loan losses.

Net interest income for the quarter ended June 30, 2010 and 2009, was $3.6 million and $3.6 million, respectively. Net interest spread for the quarter ended June 30, 2010 was 3.16%, compared to net interest spread of 3.07% for the quarter ended June 30, 2009. Net interest margin for the quarter ended June 30, 2010 was 3.36%, compared to net interest margin of 3.31% for the quarter ended June 30, 2009.

North Central Bancshares, Inc. serves north central and southeastern Iowa at eleven full service locations in Fort Dodge, Nevada, Ames, Perry, Ankeny, Clive, West Des Moines, Burlington, and Mount Pleasant, Iowa through its wholly-owned subsidiary, First Federal Savings Bank of Iowa, headquartered in Fort Dodge, Iowa.

http://www.firstfederaliowa.com __ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DoubleInStocks publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. The views expressed in any article, reports, writings are not necessarily the views of Crown Equity Holdings, Inc. its officers, directors, staff, contractors or employees. They do not represent the views or opinions of this site. Views expressed in articles are those of the author alone. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. (Read more at: http://doubleinstocks.com/disclaimer) Release of Liability: Through use of this website viewing or using, you agree to hold DoubleInStocks.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) is a newswire as well as an IR and PR firm. Crown Equity Holdings, Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings, Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings, Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings, Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings, Inc. (CRWE.OB) has received ten thousand dollars in cash from a third party (Stock Group AG) for (1) day of advertising for Mercer Gold Corporation, (MRGP.OB).

____________________ Sign Up for our FREE Daily Stock Newsletter ____________________ DoubleInStocks would like to invite you to www.crowntradingsystems.com so you can check out the super 16 multi monitor super computer he trades on daily. If you're looking for a multi display computer to enhance your trading then you'll want to visit www.crowntradingsystems.com ***

As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments.


[ Back To TMCnet.com's Homepage ]