Volta Resources Intersects 146.0 Meters at 1.26 g/t Gold, Including 20.85 Meters at 2.47g/t Gold at its Kiaka Gold Project in Burkina Faso

- Also 125.0 m @ 1.27 g/t gold, including 22.0 m @ 2.17 g/t gold -

Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) announces the drill results from the next completed section from its on-going drilling program comprising more than 250 holes for approximately 50,000 meters in the Central Area at its Kiaka Gold Project in Burkina Faso (see News Release of 22 September 2010).

Results have been received for all 7 holes located on Section 5325N (See Figure 1), some 50m NE of previous released section 5275N (see News Release of November 29(th)). These holes aimed at infilling the main deposit defined so far in the Central Area to 25m x 50m drill spacing and to extend the drilling depth down another 100 vertical meters from its current 200m level. The highlights from this section include:

Published: 15 December 2010
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TSX   Mining   Drill Results   Up on News  
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North American Financial Holdings Agrees to Invest $181 Million in Capital Bank

Capital Bank Corporation (Nasdaq: CBKN) (the "Company"), the parent company of Capital Bank, today announced that North American Financial Holdings, Inc. ("NAFH") agreed to invest approximately $181 million in the Company through the purchase of the Company's common stock. The transaction will result in NAFH owning approximately 85% of the Company's common stock.

This transaction will allow Capital Bank to continue to serve its customers' complete banking needs while supporting NAFH's planned expansion throughout the Southeast. R. Eugene Taylor, NAFH's CEO, and Christopher G. Marshall, NAFH's CFO, will be added to the management team as the Company's CEO and CFO and members of the Company's Board of Directors upon closing of the investment transaction. B. Grant Yarber and Michael R. Moore are expected to remain in senior executive roles at Capital Bank.

Published: 04 November 2010
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Old National Bancorp to Acquire Monroe Bancorp

Old National Bancorp (NYSE:ONB) and Monroe Bancorp (Nasdaq:MROE) of Bloomington, Indiana, jointly announced today the execution of a definitive agreement under which Old National will acquire Monroe Bancorp through a merger.

Monroe Bancorp is an Indiana bank holding company whose wholly owned subsidiary, Monroe Bank, is the largest bank headquartered in Bloomington with nearly $850 million in assets. Monroe Bank was established in Bloomington in 1892 and currently has 15 banking centers in central and south central Indiana.

Published: 06 October 2010
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Nasdaq   M & A   Up on News   Financial  
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Trustmark Corporation and Cadence Financial Corporation Announce Definitive Merger Agreement

Trustmark Corporation (NASDAQ: TRMK) (“Trustmark”) and Cadence Financial Corporation (NASDAQ: CADE) (“Cadence”) today announced the signing of a definitive agreement in which Cadence will merge into Trustmark. Cadence has 38 offices across five southeastern states with $1.0 billion in loans and $1.5 billion in deposits as of June 30, 2010.

Under terms of the definitive agreement, Cadence common shareholders will receive 0.096993 shares of Trustmark common stock for each share of Cadence in a tax free exchange. Trustmark will issue approximately 1,155,104 shares of its common stock for all issued and outstanding common shares of Cadence. Based upon a price of $20.62 per share of Trustmark, the transaction is valued at approximately $23.8 million, or $2.00 per Cadence common share.

Published: 23 September 2010
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Sun Bancorp Announces $100 Million Equity Investment

Sun Bancorp, Inc. (Nasdaq: SNBC) today announced the signing of definitive investment agreements with private equity funds affiliated with WL Ross & Co. LLC , the Bank's founding Brown Family shareholders, and others, to invest $100 million in the aggregate in shares of the Company's common stock and newly authorized preferred stock that is mandatorily convertible into common stock upon the receipt of shareholder approval, all as part of the Company's strategic growth plan. The shares to be purchased by WL Ross will represent 24.9% of the Company's outstanding common stock, pro forma for the closing and assuming the conversion of the convertible preferred stock. The investment was made at $4.00 per share.

The additional equity capital will be used by Sun National Bank to strengthen and expand current operations as well as to pursue growth opportunities throughout the state of New Jersey

Published: 08 July 2010
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