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BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s):  HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGU employs leverage.


TSX:HGU - Post by User

Post by fireintheholeon May 07, 2009 11:23pm
337 Views
Post# 15976929

Barrick African employees in trouble...

Barrick African employees in trouble...

Employees of Cdn mining company in Africa jailed for forcing girl into sex with dog

 

 
 
 

Two men and a woman employed by a Canadian mining company were jailed for 20 years each for forcing a 13-year-old girl to have sex with a dog.

Magistrate Gadiel Mariki passed sentence on the trio after finding them guilty of "forcing a girl to have sex with a dog" in the northern Tanzanian city of Mwanza in March 2008.

Job Mlama, 30, Anicet Edward, 30, and Shija Madata, 18, were employed by Canadian mining exploration company, Barrick Exploration Africa Limited (BEAL) at Mwanza, some 800km north of the capital Dar es Salaam.

They were sacked from their jobs shortly after the incident.

In his judgment, Mariki said the trio lured the schoolgirl into the BEAL workers' campsite, and convinced her to spend the night there before forcing her into bestiality.

The court ordered that the dog, owned by one of the expatriates at BEAL, be turned over to the police.

Human rights activists condemned the sentence as too lenient.

"These people deserved the death penalty or a life term. It is a horrible, despicable offence," said Ichikaeli Maro, the former head of a women's rights group.

"They deserved a punishment that should be a lesson to others with such a habit," said Rehema Kerefu, director of the Tanzania Women's Legal Aid Committee.

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