Yesterday the Australian share market closed about 5% higher on its first trading day of November with good lead from Wall Street on last Friday and the expectation of another RBA interest rate cut. It was the share markets' fourth consecutive stronger day adding A$51 billion to the value of stocks.
Quay Magnesium Limited (ASX:QMG)(PINK:QYMGF) has formed a European sales and marketing company, Quay Magnesium GmbH.
Stirling Products (ASX:STI) advises shareholders that it launched PetQuench(tm), the first of its companion animal products, at one of Canada's largest pet shows last weekend. PetQuench(tm) was released onto the Canadian market through Stirling Animal Health at the prestigious PIJAC National Industry Trade Show in Ontario, Canada.
Stirling Products (ASX:STI) advises shareholders that it has commenced a consolidation process that will result in a dedicated subsidiary for its global sales and marketing efforts. Stirling has over the last two years undergone a growth and acquisition phase with the establishment of the Danish joint venture Pulmovet in July 2006 (ASX: July 13, 2006), the acquisition of Progressive BioActives Inc.
Quay Magnesium Limited (Quay)(ASX:QMG)(PINK:QYMGF) has joined the Magnesium REACH consortium (MaREC). This is a consortium of leading users and manufacturers of magnesium products and is based in Germany. MaREC will develop the registration data and information required to register magnesium products for entry to the European Union (EU) after 2010.
Quay Magnesium Limited (ASX:QMG)(Quay) is pleased to announce that it has secured a USD 10 million revolving credit facility to fund working capital requirements at its Nanjing plant. This facility has been provided by a leading London based global financial institution.
Stirling Products (ASX:STI) advises shareholders that it has now completed the transaction to acquire worldwide licensing rights for the product PetQuench(tm). PetQuench(tm), fortified water for dogs and cats, is already on the market in North America and is expected to be launched in Australia by the end of Q1 2009.
