Minera Andes Inc. (OTCBB: MNEAF) reached up 11.34% in morning trading to $2.65 with 100K shares traded. Minera Andes is an exploration company exploring for gold, silver and copper in Argentina with three significant assets: a 49% interest in Minera Santa Cruz SA, owner of the San Jose Mine in close proximity to Goldcorp's Cerro Negro project; 100% ownership of the Los Azules copper deposit and 100% ownership of a large portfolio of exploration properties in Santa Cruz province, Argentina, including properties bordering the Cerro Negro project in Santa Cruz Province. US Gold Corporation (NYSE: UXG - News)(TSX: UXG - News) and Minera Andes Inc. (TSX: MAI.TO - News)(OTC.BB: MNEAF.OB - News) provided an update on the proposed merger of US Gold and Minera Andes. Following the June 14, 2011 announcement of Rob McEwen's proposal to merge US Gold and Minera Andes, each of the companies' boards of directors established an independent special committee to consider the proposed merger and each of the companies has been conducting due diligence on the other. Each of the special committee of Minera Andes and US Gold has retained independent financial advisors and legal counsel and has been considering the transaction, with input from those advisors.
GraphOn Corporation (OTCBB:GOJO) reached up 35.14% in morning trading to $.25 with 550K shares traded. GraphOn Corporation is a publicly traded company headquartered in Santa Cruz, California. The company is an innovator of cost-effective, advanced solutions that will enable customers to access any application, from any device, anywhere. GraphOn’s high-performance software solutions provide fast application access, cross-platform connectivity, and a centralized architecture that delivers a dramatically lower cost of ownership. The company’s GO-Global solutions can be used with Microsoft (MSFT) Windows, IBM AIX, Oracle (ORCL) Solaris, Hewlett-Packard (HPQ) HP-UX, Linux, Apple (AAPL) OS X and iOS, and other operating systems. GraphOn Corporation (OTCBB:GOJO.ob - News) today announced the completion of $7.1 million equity financing in a private placement to a group of institutional investors.
Freddie Mac (PINK:FMCC) reached up 11.84% in morning trading to $.34 with 2M shares traded. Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters. Freddie Mac (OTC:FMCC.ob - News) yesterday released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates declining amid continued weak economic and housing data. While the 30-year fixed held steady, the 5-year ARM set a new all-time record low having fallen for the eighth consecutive week and now standing at 2.96 percent.
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