TCRLA_Public/091028.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                      L A T I N  A M E R I C A

           Wednesday, October 28, 2009, Vol. 10, No. 213

                            Headlines

A N T I G U A  &  B A R B U D A

STANFORD INT'L: Investors Seek to Block Antigua's IMF Loan


A R G E N T I N A

1920-2000 SRL: Creditors' Proofs of Debt Due on December 23
ARGENTINA DE HOTELES: Asks for Preventive Contest
BONMETIQUE SA: Creditors' Proofs of Debt Due on March 2
DISSA SRL: Creditors' Proofs of Debt Due on February 18
GARBER GROUP: Creditors' Proofs of Debt Due on December 30

LOMA NEGRA: S&P Says Antitrust's Penalty Won't Affect Rating
NARDONE Y ASOCIADOS: Creditors' Proofs of Debt Due on February 5
NEXICOM SRL: Creditors' Proofs of Debt Due on November 16
NUTRIPAC SA: Creditors' Proofs of Debt Due on May 2
PROMOGLAS SA: Creditors' Proofs of Debt Due on November 27

* ARGENTINA: Buenos Aires Plans Local Bond Sale as Limits Ease


B E R M U D A

HIGHLAND CORE: Creditors' Proofs of Debt Due on November 9
HIGHLAND CORE: Members' Final Meeting Set for November 24
HIGHLAND CORE: Creditors' Proofs of Debt Due on November 9
HIGHLAND CORE: Members' Final Meeting Set for November 24


B R A Z I L

BANCO NACIONAL: BNDESPar to Issue at Least BRL1BB in Debentures
BANCO NACIONAL: To Finance Up to 75% Per 2014 World Cup Stadium
BANCO PANAMERICANO: Moody's Puts 'Ba2' Rating on US$100 Mil. Notes
EMBRATEL PARTICIPACOES: Registers 3Q BRL346 Million Net Profit


C A Y M A N  I S L A N D S

BROOKLINE AVENUE: Shareholders' Final Meeting Set for October 30
CATALYTIX LDC: Shareholders' Final Meeting Set for March 1
CORAL (CAYMAN): Shareholders' Final Meeting Set for October 30
CREF NO. 5: Shareholder to Receive Wind-Up Report on November 4
DRE CAYMAN: Shareholders' Final Meeting Set for October 30

GEMS ORIENTAL: Shareholders' Final Meeting Set for November 2
HAVEN ASIA: Shareholder to Receive Wind-Up Report on October 29
KOBIKI INTERNATIONAL: Shareholders' Final Meeting Set for Oct. 30
LONG BEACH: Shareholders' Final Meeting Set for October 30
LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30

LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30
LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30
LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30
OCEANUS HOLDING: Shareholders' Final Meeting Set for October 30
PYLON LTD: Shareholder to Receive Wind-Up Report on October 29

RANMAR LTD: Shareholders' Final Meeting Set for November 16
SANNO POINT: Members' Final Meeting Set for November 19
SANNO POINT: Members' Final Meeting Set for November 19
SUNFLOWER FUNDING: Shareholders' Final Meeting Set for October 30
ZAIS INVESTMENT: Shareholders' Final Meeting Set for October 30


C O L O M B I A

BANCOLOMBIA SA: Board Approves COP2 Trillion Local Bonds Sale


E C U A D O R

* ECUADOR: Oil-Product Export Revenue Falls 50% in Aug to US$76MM


J A M A I C A

JAMAICA PUBLIC SERVICE: May Incur Losses on Net Metering Adoption


M E X I C O

CORPORACION GEO: Posts Third Quarter 2009 Results
TV AZTECA: Records Ps.2,400 Million Net Sales in Third Quarter


P A N A M A

GREENSTONE RESOURCES: Erin Ventures Acquires Santa Rosa Gold Mine


P E R U

BANCO DE CREDITO: Posts 138.0 Million Net income in Third Quarter


T U R K S  &  C A I C O S  I S L A N D S

OLINT TCI: Former Owner's Court Date Set for November 3


V E N E Z U E L A

PETROLEOS DE VENEZUELA: To Close Units at Puerto La Cruz Refinery
PETROLEOS DE VENEZUELA: Increases Dollar Bond Sale to US$3.26BB


                         - - - - -


===============================
A N T I G U A  &  B A R B U D A
===============================


STANFORD INT'L: Investors Seek to Block Antigua's IMF Loan
----------------------------------------------------------
Investors of Robert Allen Stanford, who is accused by U.S.
prosecutors of using his bank on Antigua and Barbuda to
orchestrate an alleged US$7 billion Ponzi scheme, are trying to
block Antigua and Barbuda from accessing any funds from  the
International Monetary Fund, Caribbean360.com reports.  The report
relates that in the latest campaign against the island, the
Stanford Victims Coalition, through lawyers from the New York firm
Morgenstern & Blue LLC, has written to members of Congress to get
help blocking any IMF loan.

As reported in the Troubled Company Reporter-Latin America on
October 22, 2009, The Dominican Today said that Antigua and
Barbuda's government will seek support from IMF after agreeing the
outlines of a fiscal consolidation program.  According to the
Dominican Republic, the country has been feeling the impact
of the global economic downturn, which has reduced tourism
revenues and financial remittances across the region.  The reports
related that the country has also suffered financial losses and
job layoffs as a result of the fraud scandal surrounding Mr.
Stanford.

According to Caribbean360.com, the SVC wants to prevent Antigua
and Barbuda from getting any money unless it takes steps to
compensate those who lost their money in the fraud.  "We need your
assistance in stopping the government of Antigua from avoiding
responsibility for its role in this fraud, and actually profiting
from it," the investors said in a letter to Democratic Congressman
Robert Wexler that was obtained by the news agency.  The letter,
the report relates, insisted the victims' losses "flow directly
from Antigua's complicity in this massive fraud" and that it was
"unconscionable" for the country to receive aid when there were
victims of Stanford's fraud in the US who were not being
compensated for their losses.

              About Stanford International Bank

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under management
or advisement.  Stanford Private Wealth Management serves more
than 70,000 clients in 140 countries.

On February 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and records
of Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control.  The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The U.S. Securities and Exchange Commission, on Feb. 17, charged
before the U.S. District Court in Dallas, Texas, Mr. Stanford and
three of his companies for orchestrating a fraudulent, multi-
billion dollar investment scheme centering on an US$8 billion
Certificate of Deposit program.

A criminal case was pursued against him in June before the U.S.
District Court in Houston, Texas.  Mr. Stanford pleaded not guilty
to 21 charges of multi-billion dollar fraud, money-laundering and
obstruction of justice.  Assistant Attorney General Lanny Breuer,
as cited by Agence France-Presse News, said in a 57-page
indictment that Mr. Stanford could face up to 250 years in prison
if convicted on all charges.  Mr. Stanford surrendered to U.S.
authorities after a warrant was issued for his arrest on the
criminal charges.

The criminal case is U.S. v. Stanford, H-09-342, U.S. District
Court, Southern District of Texas (Houston). The civil case is SEC
v. Stanford International Bank, 3:09-cv-00298-N, U.S. District
Court, Northern District of Texas (Dallas).


=================
A R G E N T I N A
=================


1920-2000 SRL: Creditors' Proofs of Debt Due on December 23
-----------------------------------------------------------
Jorge Dagavarian, the court-appointed trustee for 1920-2000 SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until December 23, 2009.

Mr. Dagavarian will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 5 in Buenos Aires, with the assistance of Clerk
No. 9, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

          Jorge Dagavarian
          Montevideo 665
          Argentina


ARGENTINA DE HOTELES: Asks for Preventive Contest
-------------------------------------------------
Argentina de Hoteles SA asked for preventive contest.

The company stopped making payments on August 2009.


BONMETIQUE SA: Creditors' Proofs of Debt Due on March 2
-------------------------------------------------------
Luciano Melegari, the court-appointed trustee for Bonmetique SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until March 2, 2010.

Mr. Melegari will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 4 in Buenos Aires, with the assistance of Clerk
No. 8, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

          Luciano Melegari
          Bartolome Mitre 1131
          Argentina


DISSA SRL: Creditors' Proofs of Debt Due on February 18
-------------------------------------------------------
Jorge Sahade, the court-appointed trustee for Dissa SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until February 18, 2010.

Mr. Sahade will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 8 in Buenos Aires, with the assistance of Clerk
No. 16, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

          Jorge Sahade
          Avenida de Mayo 1324
          Argentina


GARBER GROUP: Creditors' Proofs of Debt Due on December 30
----------------------------------------------------------
Hugo Mancusi, the court-appointed trustee for Garber Group SA's
reorganization proceedings, will be verifying creditors' proofs of
claim until December 30, 2009.

Mr. Mancusi will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 26 in Buenos Aires, with the assistance of Clerk
No. 52, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

Creditors will vote to ratify the completed settlement plan
during the assembly on September 1, 2010.

The Trustee can be reached at:

          Hugo Mancusi
          Avenida Corrientes 3169
          Argentina


LOMA NEGRA: S&P Says Antitrust's Penalty Won't Affect Rating
------------------------------------------------------------
Standard & Poor's Ratings Services said that the Argentine
Antitrust Authority's decision to demand collection of a penalty
payment of about $43 million against Loma Negra C.I.A.S.A.
(B/Stable/--) in response to antitrust practices in the cement
industry in Argentina does not affect the corporate credit rating
on the company.  Nevertheless, Loma Negra claims that legal
actions continue.

S&P expects the company's good cash generation, financial
flexibility, and shareholder support (if needed), to mitigate the
potential cash disbursements related to the penalty.  In addition,
the 'BB' rating on Loma Negra's $100 million notes with final
maturity in 2013 is not affected given the dependence on the
unconditional and irrevocable guarantee from its shareholder,
Camargo Correa Cimentos S.A. (BB/Negative/--).


NARDONE Y ASOCIADOS: Creditors' Proofs of Debt Due on February 5
----------------------------------------------------------------
Jorge Sahade, the court-appointed trustee for Nardone y Asociados
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until February 5, 2010.

Mr. Sahade will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 4 in Buenos Aires, with the assistance of Clerk
No. 8, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

          Jorge Sahade
          Av. de Mayo 1324
          Argentina


NEXICOM SRL: Creditors' Proofs of Debt Due on November 16
---------------------------------------------------------
Ana Maria Lopez, the court-appointed trustee for Nexicom SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until November 16, 2009.

Ms. Lopez will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 2 in
Buenos Aires, with the assistance of Clerk No. 4, will determine
if the verified claims are admissible, taking into account the
trustee's opinion, and the objections and challenges that will be
raised by the company and its creditors.

The Trustee can be reached at:

          Ana Maria Lopez
          Jose Cubas 3680
          Argentina


NUTRIPAC SA: Creditors' Proofs of Debt Due on May 2
---------------------------------------------------
Juan Chaker, the court-appointed trustee for Nutripac SA's
reorganization proceedings, will be verifying creditors' proofs of
claim until May 2, 2010.

Mr. Chaker will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 19 in Buenos Aires, with the assistance of Clerk
No. 37, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

          Juan Chaker
          Tte. Gral. Juan D. Peron 315
          Argentina


PROMOGLAS SA: Creditors' Proofs of Debt Due on November 27
----------------------------------------------------------
Graciela Perez, the court-appointed trustee for Promoglas SA's
reorganization proceedings, will be verifying creditors' proofs of
claim until November 27, 2009.

Ms. Perez will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 10
in Buenos Aires, with the assistance of Clerk No. 19, will
determine if the verified claims are admissible, taking into
account the trustee's opinion, and the objections and challenges
that will be raised by the company and its creditors.

Creditors will vote to ratify the completed settlement plan
during the assembly on October 29.

The Trustee can be reached at:

          Graciela Perez
          Arengreen 678
          Argentina


* ARGENTINA: Buenos Aires Plans Local Bond Sale as Limits Ease
--------------------------------------------------------------
Drew Benson at Bloomberg News reports that Buenos Aires province
is counting on Argentine lawmakers to lift restrictions on
provincial government bond sales as it seeks to offer MXN1.2
billion (US$314.1 million) in debt by the end of the year.

According to the report, Felisa Stangatti, a spokeswoman for the
Buenos Aires provincial Finance Ministry, said that the province
plans to sell the bonds, half of them directly to local banks,
should Argentina suspend the so-called fiscal responsibility law
that was imposed after swelling local deficits contributed to the
nation’s US$95 billion debt default in 2001.  The report notes
that senators will vote soon on a bill that removes the limits for
two years.

Buenos Aires, Bloomberg News says, joins Cordoba among local
governments planning a bond sale as deficits more than double.
The report relates that Alberto Bernal, head of emerging-markets
research at Bulltick Securities Corp. in Miami, said that the
country’s offer to restructure US$20 billion of defaulted bonds
helps clear the way for an international issue of sovereign and
province debt.

The total deficit of Argentina’s 23 provinces and the city of
Buenos Aires may jump to 8.1 billion pesos this year from 3.4
billion pesos in 2008, according to Economia & Regiones's report
obtained by the news agency.  All but nine of the local
governments will have a budget gap, the Economia & Regiones’s data
show, Bloomberg News relates.

Ms. Stangatti, Bloomberg News notes, said that Buenos Aires needs
to cover spending with this year’s local bond sale.  The
governor’s proposed budget for 2010 calls for an authorization of
up to MXN10.7 billion of debt sales next year, she added.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
October 9, 2009, Standard & Poor's Ratings Services said that it
lowered to 'B-' from 'B' its local currency long-term issuer
credit rating on the City of Buenos Aires.  At the same time,
Standard & Poor's affirmed its 'B-' foreign currency long-term
issuer credit rating.  The outlook on the local and foreign
currency long-term issuer credit ratings is stable.


=============
B E R M U D A
=============


HIGHLAND CORE: Creditors' Proofs of Debt Due on November 9
----------------------------------------------------------
The creditors of Highland Core Distressed Fund, Ltd. are required
to file their proofs of debt by November 9, 2009, to be included
in the company's dividend distribution.

The company commenced wind-up proceedings on October 22, 2009.

The company's liquidator is:

          Roderick M. Forrest
          Victoria Place, 31 Victoria Street
          Hamilton HM, Bermuda


HIGHLAND CORE: Members' Final Meeting Set for November 24
---------------------------------------------------------
The members of Highland Core Distressed Fund, Ltd. will hold their
final meeting on November 24, 2009, at 10:15 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on October 22, 2009.

The company's liquidator is:

          Roderick M. Forrest
          Victoria Place, 31 Victoria Street
          Hamilton HM, Bermuda


HIGHLAND CORE: Creditors' Proofs of Debt Due on November 9
----------------------------------------------------------
The creditors of Highland Core Structured Products Fund, Ltd. are
required to file their proofs of debt by November 9, 2009, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on October 22, 2009.

The company's liquidator is:

          Roderick M. Forrest
          Victoria Place, 31 Victoria Street
          Hamilton HM, Bermuda


HIGHLAND CORE: Members' Final Meeting Set for November 24
---------------------------------------------------------
The members of Highland Core Structured Products Fund, Ltd. will
hold their final meeting on November 24, 2009, at 10:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company commenced wind-up proceedings on October 22, 2009.

The company's liquidator is:

          Roderick M. Forrest
          Victoria Place, 31 Victoria Street
          Hamilton HM, Bermuda


===========
B R A Z I L
===========


BANCO NACIONAL: BNDESPar to Issue at Least BRL1BB in Debentures
---------------------------------------------------------------
BNDESPar, the shareholding and investment arm of Banco Nacional de
Desenvolvimento Economico e Social SA, is planning to raise at
least BRL1 billion (US$574 million) from the issue of non-
convertible debentures, Rogerio Jelmayer at Dow Jones Newswires
reports, citing a BNDESPar statement.  The report relates that the
debentures will be issued via two series.

According to the report, BB Investimento, an arm of state-run
Banco do Brasil SA, was hired to coordinate the operation, which
must be approved by the Brazilian Securities and Exchange
Commission, the CVM.

The operation, the report notes, is part of a debentures issue
program worth BRL6 billion.

                            About BNDES

Banco Nacional de Desenvolvimento Economico e Social SA is
Brazil's national development bank.  It provides financing for
projects within Brazil and plays a major role in the
privatization programs undertaken by the federal government.

                           *     *     *

Banco Nacional continues to carry a Ba2 foreign long-term bank
deposit rating from Moody's Investors Service.


BANCO NACIONAL: To Finance Up to 75% Per 2014 World Cup Stadium
---------------------------------------------------------------
Fabiola Moura at Bloomberg News reports that Banco Nacional de
Desenvolvimento Economico e Social SA will finance as much as
BRL400 million (US$229.3 million) or 75% of the total cost of the
stadiums which need to be built for the 2014 World Cup.

According to the report, BNDES will charge its long term interest
rate, currently at 6%, plus 1.9% per year for the loans.

Banco Nacional de Desenvolvimento Economico e Social SA is
Brazil's national development bank.  It provides financing for
projects within Brazil and plays a major role in the
privatization programs undertaken by the federal government.

                           *     *     *

Banco Nacional continues to carry a Ba2 foreign long-term bank
deposit rating from Moody's Investors Service.


BANCO PANAMERICANO: Moody's Puts 'Ba2' Rating on US$100 Mil. Notes
------------------------------------------------------------------
Moody's Investors Service assigned a Ba2 long-term foreign
currency debt rating to Banco Panamericano S.A.'s US$200,000,000
senior unsecured notes due in 2012.  The notes are being issued
under the bank's existing US$500 million Medium-Term Note Program
rated Ba2 by Moody's.  The outlook on the rating is stable.

Moody's stated that the Ba2 bond rating incorporates
Panamericano's fundamental credit quality, which is reflected by
its Ba2 global local-currency deposit rating, and which includes
all relevant country risks.

The last rating action on Panamericano was on May 23, 2008, when
Moody's rated the medium term note program at Ba2, as well as the
senior unsecured notes due in May 2010 issued under the program.
The BFSR, GLC and NSR remained unchanged.

Banco Panamericano S.A is headquartered in Sao Paulo, Brazil, and
it had consolidated assets of R$ 7,262 million and equity of
BRL1,505.4 million as of June 30, 2009.

These ratings were assigned to Banco Panamericano's US$200 million
senior unsecured notes:

* Ba2 long-term foreign currency debt rating, stable outlook.


EMBRATEL PARTICIPACOES: Registers 3Q BRL346 Million Net Profit
--------------------------------------------------------------
Embratel Participacoes SA registered a third-quarter net profit of
BRL346 million (US$199 million) from BRL81.6 million in the third
quarter of 2008, on foreign-exchange gains, Jeff Fick at Dow Jones
Newswires reports.

According to the report, the company said that not including
foreign-exchange gains and tax credits, third quarter net profits
would have been about 27% higher than the year-ago period.  The
report relates that net revenue advanced 7.6% year-on-year in the
third quarter to BRL2.69 billion from BRL2.50 billion in the year-
ago period.

Dow Jones Newswires notes that the company's Ebitda climbed 11.8%
to BRL728 million compared with BRL651 million in the third
quarter last year.  Ebitda margin, the report relates, rose to 27%
in the third quarter versus 26% a year ago.

                           About Embratel

Embratel Participacoes SA -- http://www.embratel.com.br-- is a
major telecommunications carrier in Brazil.  It offers up-to-date
telecommunications solutions to the Brazilian market including
local, long distance domestic and international calling; data,
video and Internet transmission.  Embratel can provide services
all over the country through its satellite solutions.  Embratel
has been part of the history of Brazil for 43 years, playing a
major role in the country's development.

                           *     *     *

As of October 28, 2009, the company continues to carry Moody's Ba3
LC curr Issuer rating and Senior Unsecured debt rating


==========================
C A Y M A N  I S L A N D S
==========================


BROOKLINE AVENUE: Shareholders' Final Meeting Set for October 30
----------------------------------------------------------------
The shareholders of Brookline Avenue Equity GP will hold their
final meeting on October 30, 2009, at 11:15 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


CATALYTIX LDC: Shareholders' Final Meeting Set for March 1
----------------------------------------------------------
The shareholders of Catalytix LDC will hold their final meeting on
March 1, 2010, at 9:00 a.m., to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

Russell Smith is the company's liquidator.


CORAL (CAYMAN): Shareholders' Final Meeting Set for October 30
--------------------------------------------------------------
The shareholders of Coral (Cayman) Limited will hold their final
meeting on October 30, 2009, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


CREF NO. 5: Shareholder to Receive Wind-Up Report on November 4
---------------------------------------------------------------
The shareholder Cref No. 5 Limited will receive, on November 4,
2009, at 9:00 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

          Linburgh Martin
          c/o Neil Gray
          Telephone: (345) 949-455
          Facsimile: (345) 949-8499
          Close Brothers (Cayman) Limited
          Harbour Place, Fourth Floor
          P.O. Box 1034, Grand Cayman, KYI-1102


DRE CAYMAN: Shareholders' Final Meeting Set for October 30
----------------------------------------------------------
The shareholders of Dre Cayman Holdings Limited will hold their
final meeting on October 30, 2009, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Richard Finlay
          c/o Krysten Lumsden
          Telephone: (345) 814-7366
          Facsimile: (345) 945-3902
          P.O. Box 2681, Grand Cayman KY1-1111
          Cayman Islands


GEMS ORIENTAL: Shareholders' Final Meeting Set for November 2
-------------------------------------------------------------
The shareholders of Gems Oriental and General Fund Limited will
hold their final meeting on November 2, 2009, at 10:00 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

General Enterprise Management Services (International) Limited is
the company's liquidator.


HAVEN ASIA: Shareholder to Receive Wind-Up Report on October 29
---------------------------------------------------------------
The shareholder Haven Asia Partners, Ltd. will receive, on
October 29, 2009, at 11:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Ogier
          c/o Steven Carlino
          Telephone: 1 (212) 634-7327
          Facsimile: 1 (212) 634-7399


KOBIKI INTERNATIONAL: Shareholders' Final Meeting Set for Oct. 30
-----------------------------------------------------------------
The shareholders of Kobiki International will hold their final
meeting on October 30, 2009, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


LONG BEACH: Shareholders' Final Meeting Set for October 30
----------------------------------------------------------
The shareholders of Long Beach Asset Holdings Corp. CI 2005-1 will
hold their final meeting on October 30, 2009, to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30
-------------------------------------------------------------
The shareholders of Loomis Sayles Energy Hedge Fund II, Ltd. will
hold their final meeting on October 30, 2009, at 10:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30
-------------------------------------------------------------
The shareholders of Loomis Sayles Energy Master Fund II, Ltd. will
hold their final meeting on October 30, 2009, at 10:15 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30
-------------------------------------------------------------
The shareholders of Loomis Sayles 130/30 Research Fund, Ltd. will
hold their final meeting on October 30, 2009, at 10:45 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


LOOMIS SAYLES: Shareholders' Final Meeting Set for October 30
-------------------------------------------------------------
The shareholders of Loomis Sayles 130/30 Research Master Fund,
Ltd. will hold their final meeting on October 30, 2009, at
11:00 a.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


OCEANUS HOLDING: Shareholders' Final Meeting Set for October 30
---------------------------------------------------------------
The shareholders of Oceanus Holding Company Ltd. will hold their
final meeting on October 30, 2009, at 11:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Walkers Corporate Services Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


PYLON LTD: Shareholder to Receive Wind-Up Report on October 29
--------------------------------------------------------------
The shareholder Pylon Ltd. will receive, on October 29, 2009, at
10:30 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidators are:

          Scott Aitken
          Connan Hill
          c/o Sylvia Lewis
          Telephone: 949-7755
          Facsimile: 949-7634
          P.O. Box 1109, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: 949-7755
          Facsimile: 949-7634


RANMAR LTD: Shareholders' Final Meeting Set for November 16
-----------------------------------------------------------
The shareholders of Ranmar Ltd. will hold their final meeting on
November 16, 2009, at 10:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Melanie Myers-Khouri
          Telephone: +1 345 949 0699
          Facsimile: +1 345 949 8171
          c/o Thorp Alberga
          Harbour Place, 2nd Floor
          103 South Church Street, George Town
          Grand Cayman KY1-1106


SANNO POINT: Members' Final Meeting Set for November 19
-------------------------------------------------------
The members of Sanno Point Ltd will hold their final meeting on
November 19, 2009, at 10:30 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Ian Stokoe
          c/o Sarah Moxam
          Telephone: (345) 914-8634
          Facsimile: (345) 945-4237
          P.O. Box 258, Grand Cayman KY1-1104
          Cayman Islands


SANNO POINT: Members' Final Meeting Set for November 19
-------------------------------------------------------
The members of Sanno Point Master Fund Ltd will hold their final
meeting on November 19, 2009, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Ian Stokoe
          c/o Sarah Moxam
          Telephone: (345) 914-8634
          Facsimile: (345) 945-4237
          P.O. Box 258, Grand Cayman KY1-1104
          Cayman Islands


SUNFLOWER FUNDING: Shareholders' Final Meeting Set for October 30
-----------------------------------------------------------------
The shareholders of Sunflower Funding Corporation will hold their
final meeting on October 30, 2009, to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


ZAIS INVESTMENT: Shareholders' Final Meeting Set for October 30
---------------------------------------------------------------
The shareholders of Zais Investment Grade Limited will hold their
final meeting on October 30, 2009, to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984, Grand Cayman KY1-1104


===============
C O L O M B I A
===============


BANCOLOMBIA SA: Board Approves COP2 Trillion Local Bonds Sale
-------------------------------------------------------------
Board of Directors of Bancolombia S.A. approved an amount for
future issuances of Bonos Ordinarios:

   * The Ordinary Notes may be offered in Colombia in multiple
     and successive issuances up to an aggregate principal
     amount of two trillion Colombian pesos
     (COP$2,000,000,000,000, or approximately US$1.03 billion).

   * According to the Reglamento de Emision y Colocacion de
     Multpiles y Sucesivas Emisiones de Bonos Ordinarios
     (the "Ordinary Notes Terms") to be approved by the Board
     of Directors, the Ordinary Notes can be issued in
     multiple series, subject to the financial terms and
     maximum interest rates set forth therein.

   * The legal representative of Bancolombia

    (i) may authorize, on behalf of Bancolombia, the issuance
        of one or more series of Ordinary Notes on the terms
        and conditions set forth in the Ordinary Notes Terms,
   (ii) execute and deliver any documents relating to the
        issuance of Ordinary Notes in accordance with the Ordinary
        Notes Terms.

The timing and amounts of future issuances of Ordinary Notes will
depend on market conditions, Bancolombia's funding needs and
management of its balance sheet structure.  The proceeds from the
offerings will be used for general corporate purposes, which may
include funding any business or operational transactions available
to banking institutions in accordance with the requirements
established by applicable law.

                     About Bancolombia S.A.

Bancolombia S.A. is Colombia's largest full-service financial
institution, formed by a merger of three leading Colombian
financial institutions.  Bancolombia's market capitalization is
over US$5.5 billion, with US$13.8 billion asset base and
US$1.4 billion in shareholders' equity as of Sept. 30, 2006.
Bancolombia is the only Colombian company with an ADR level III
program in the New York Stock Exchange.

                           *     *     *

In May 2009, Moody's Investors Service upgraded from D to D+,
Bancolombia S.A.'s financial strength rating.  The outlook on the
BFSR was changed to "stable", from "positive".  Bancolombia's
long-term and short-term local currency deposit ratings of "Baa2"
and "Prime- 3", as well as the long-term and short-term foreign
currency deposit ratings of "Ba2" and "Not Prime" were affirmed by
Moody's.  Bancolombia's foreign currency subordinated debt rating
of"Baa3" was also affirmed with a stable outlook by the rating
firm.

Fitch Ratings affirmed on June 2009 Bancolombia's long- and short-
term Issuer Default Ratings and outstanding debt ratings as
follows: Long-term foreign currency IDR at 'BB+'; Short-term
foreign currency IDR at 'B'; Long-term local currency IDR at
'BB+'; Short-term local currency IDR at 'B'; Individual at 'C/D';
Support at '3'; Support Floor at 'BB-'.  At the same time the
rating for Bancolombia's subordinated debt maturing May 2017 was
affirmed at 'BB'. The Rating Outlook is Stable.


=============
E C U A D O R
=============


* ECUADOR: Oil-Product Export Revenue Falls 50% in Aug to US$76MM
-----------------------------------------------------------------
Mercedes Alvaro at Dow Jones Newswires reports that Ecuador's
central bank said that the country's oil-product export revenue in
August fell 50% to US$76 million from the US$152 million
registered in the same month of 2008.

According to the report, the Central Bank said that in terms of
volume, Ecuador exported 1.15 million of barrels in the eighth
month of 2009, down 25% from 1.54 million barrels exported a year
ago in the same period.  The report relates that the average price
in August dropped 23% to US$76.41 per barrel from US$98.74 a year
ago.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
September 28, 2009, Moody's changed the rating on Ecuador's
outstanding global bonds to Caa3 with a stable outlook from Ca
with a developing outlook, while the ratings on its defaulted
bonds were moved to C, reflecting recovery rates of around 35% for
investors.   The foreign currency ceilings on bonds and deposits
are at Caa2, with a stable outlook.


=============
J A M A I C A
=============


JAMAICA PUBLIC SERVICE: May Incur Losses on Net Metering Adoption
-----------------------------------------------------------------
Energy Consultant Winston Haye said the Jamaica Public Service
Company would suffer financial losses if the government decides to
adopt the system of net metering, Gleaner/Power 106 News reports.

According to the report, if implemented, net metering would enable
JPSCO customers to produce their own electricity and sell the
excess power to the light and power company.  However, the report
relates, Mr. Haye said that while such a move would be practical
it would not be commercially sustainable for the JPSCO.

Mr. Haye, the report notes, said that the government must move
speedily to switch from oil to another form of energy in its
efforts to diversify the country’s energy sources.

Meanwhile, Gleaner/Power 106 News says, the Cabinet is expected to
discuss the country’s energy policy soon.  The Energy Minister
James Robertson said Prime Minister Bruce Golding has already
reviewed the document, the report adds.

                            About JPSCO

Headquartered in Kingston, Jamaica -- https://www.jpsco.com --
Jamaica Public Service Company Limited is an integrated electric
utility company and the sole distributor of electricity in
Jamaica.  The company is engaged in the generation, transmission
and distribution of electricity, and also purchases power from
five Independent Power Producers.  Japanese-based Marubeni
Corporation owns 80 percent of the company.  The Government of
Jamaica and a small group of minority shareholders own the
remaining shares.  JPS currently has roughly 582,000 customers who
are served by a workforce of over 1,600 employees.  The Company
owns and operates 28 generating plants, 54 substations, and
roughly 14,000 kilometers of distribution and transmission lines.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
March 9, 2009, Radio Jamaica said JPSCO may shutdown its
operations if the company fails to settle a long-standing dispute
over outstanding payments to employees.  The same report said
employees unions contended the payments are owed for overtime work
and redundancy adjustments from 2001 to 2007, which amounts to
about JM$600 million.


===========
M E X I C O
===========


CORPORACION GEO: Posts Third Quarter 2009 Results
-------------------------------------------------
Corporacion GEO S.A.B. de C.V. posted results for the third
quarter 2009.  Year-on-year Revenues, EBITDA and Net Profit
increased 9.3%, 4.2% and 4.5% respectively.

Luis Orvananos Lascurain, CEO of Corporacion GEO, commented, "We
had an outstanding third quarter, with results that are a
continued reflection of our successful strategy selling high
quality homes to a market where there is significant demand and
continued government support.  GEO's superior market share of
INFONAVIT and FOVISSSTE mortgages has also allowed us to maintain
our leadership position in the low-income housing segment; GEO
sold 14,334 houses in 3Q09, 93% through these two institutions.
This quarter, our ability to tap the international markets has
also allowed us to significantly improve GEO's debt profile, a
reflection of the financial community's confidence in our future
success."

"Based on these and other successes this quarter, we maintain a
positive outlook for the balance of 2009 and for 2010.  We also
believe industry conditions should improve, driven by an increased
housing demand," he concluded.

    Financial Highlights
                                   Third Quarter
                                   -------------
    Income Statement Data      2009       2008  YoY var.
    ---------------------      ----       ----  --------
            Sales (units)    14,334     13,349      7.38%
                 Revenues  $4,624.7   $4,231.7      9.29%
             Gross Profit  $1,189.7   $1,125.5      5.71%
             Gross Margin      25.7%      26.6% -0.87 pp
         Operating Profit    $785.5     $713.0     10.16%
         Operating Margin      17.0%      16.8%  0.14 pp
                   EBITDA  $1,062.0   $1,018.9      4.23%
            EBITDA Margin      23.0%      24.1% -1.11 pp
               Net Profit    $405.8     $388.2      4.54%
               Net Margin       8.8%       9.2%  -0.4 pp
           Free Cash Flow   -$632.7     -$89.3   -$543.4


                                 Nine-Month Period
                                 -----------------
    Income Statement Data      2009       2008  YoY var.
    ---------------------      ----       ----  --------
            Sales (units)    40,186     37,649      6.74%
                 Revenues $13,434.4  $12,346.2      8.81%
             Gross Profit  $3,465.9   $3,281.3      5.62%
             Gross Margin      25.8%      26.6%  -0.78pp
         Operating Profit  $2,241.0   $2,074.6      8.02%
         Operating Margin      16.7%      16.8% -0.12 pp
                   EBITDA  $3,090.1   $2,932.2      5.39%
            EBITDA Margin      23.0%      23.7% -0.75 pp
               Net Profit  $1,196.9   $1,141.5      4.86%
               Net Margin       8.9%       9.2% -0.34 pp
           Free Cash Flow -$1,157.0  -$1,859.8    $702.8

                                Third Quarter        Quarter - Quarter
                                -------------        -----------------
                                              YoY                QoQ
  Balance Sheet Data       2009      2008     var.    2Q09       var.
  ------------------       ----      ----     ----    ----       ----
  Cash and Cash        $3,975.7  $2,229.3    78.34% $2,772.9    43.38%
    Equivalents

  Acc. Receivable          51.9%     45.9% 5.96 pp      48.5% 3.33 pp
    to Revenues
              Net Debt  $5,707.0  $4,906.8    16.31% $5,113.5    11.61%
     Interest Coverage      3.0x      2.7x     0.3x      2.7x     0.3x
  Net Debt to
    EBITDA (LTM)            1.3x      1.2x     0.1x      1.2x     0.1x

A full text of the company's earnings release is available
free at http://ResearchArchives.com/t/s?477b

                     About Corporacion GEO

Corporacion GEO Sab de CV, through its sunsidiaries, designs and
contructs entry-level housing communities in Mexico and Chile.
GEO acquires land, obtains permits, installs infrastructure
improvements, and builds and markets hoising developments.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
September 14, 2009, Standard & Poor's Ratings Services said that
it assigned its 'BB-' senior unsecured long-term debt rating to
Corporacion Geo S.A.B. de C.V.'s proposed US$200 million fixed-
rate notes.


TV AZTECA: Records Ps.2,400 Million Net Sales in Third Quarter
--------------------------------------------------------------
TV Azteca, S.A. de C.V. posted financial results for the third
quarter of 2009.

"The comparative of the results is difficult for this period, due
to the transmission and marketing of the Beijing Olympic Games a
year ago," said Mario San Roman, Chief Executive Officer of TV
Azteca.  "As a response to the absence of extraordinary income, we
stimulate furthermore the contents that attract large, quality
audiences and achieved double-digit reductions in total
costs and expenses, which generated an additional expansion of our
solid profitability margins."

                     Third Quarter Results

Net sales were Ps.2,400 million, compared to Ps.2,614 million in
the same quarter of 2008. Total costs and expenses were Ps.1,398
million, 12% below from Ps.1,590 million in the same period of the
previous year.

As a result, TV Azteca reported EBITDA of Ps.1,002 million,
compared to Ps.1,024 million in the third quarter of 2008.  The
EBITDA margin in the period was 42%, three percentage points above
the 39% of the year-ago quarter.  The company registered net
majority income of Ps.358 million, compared to net income of
Ps.493 million a year ago.

                         Net Sales

"We were successful in further strengthening the popularity of our
programming in Mexico, and reached a full-day commercial audience
share of 40% in the quarter.  This allowed us to develop high-
impact advertising campaigns for numerous clients and partially
compensated the sales dip from the absence of the Olympic Games of
the previous year," added Mr. San Roman.

The popularity of the programming of Azteca America, the company's
wholly owned broadcast television network focused on the U.S.
Hispanic market, also grew significantly in the quarter, as
primetime audience share for individuals 18-49(1) rose 54%.

TV Azteca reported sales from Azteca America of Ps.197 million,
64% higher than the Ps.120 million a year ago.  Third quarter
revenue includes sales of Ps.41 million from Proyecto 40-UHF
channel with pluralistic content in Mexico -- compared to Ps.36
million in the same period of the prior year.  Revenue from barter
sales was Ps.63 million, compared to Ps.87 million from the
previous year.

                       Costs and Expenses

Total costs and expenses decreased 12% as a result of a 13%
reduction in programming, production and transmission costs -- to
Ps.1,130 million, from Ps.1,298 million in the same period a year
ago -- and an 8% reduction in selling and administrative expenses
to Ps.268 million, from Ps.292 million, in the same quarter of
2008.

The decrease in costs is principally due to the absence of
exhibition rights and production costs related to last year's
Olympic Games, as well as of efforts to further increase
production efficiency.  Decreases in selling and administrative
expenses were the result of reductions in personnel, travel,
services and advisory expenses, due to initiatives that allow to
effectively control outlays.

                    EBITDA and Net Income

EBITDA was Ps.1,002 million, compared to Ps.1,024 million in the
same period of the prior year.  The main change below EBITDA was a
Ps.96 million increase in the integrated finance cost, due to a
Ps.135 million deterioration in the foreign exchange result.  Net
majority income of the quarter was Ps.358 million, compared to net
income of Ps.493 million a year ago.

                           Debt

As of September 30, 2009, TV Azteca's outstanding debt --
excluding Ps.1,617  million debt due 2069 -- was Ps.7,147 million;
this last figure is peso denominated.  The cash balance was
Ps.2,558 million, which resulted in net debt of Ps.4,589 million.
Debt to last twelve months EBITDA ratio was 1.8 times, and net
debt to LTM EBITDA was 1.2 times.

                     Nine Months Results

Net sales in the first nine months of the year were Ps.6,871
million, compared to Ps.6,906 million for the same period of 2008.
Total costs and expenses were Ps.4,319 million, 2% below the
Ps.4,415 million for the same period a year ago.  As a result, TV
Azteca recorded EBITDA of Ps.2,552 million, 2% higher than
Ps.2,491 million in the first nine months of the prior year.
The EBITDA margin of the nine-month period was 37%, from 36% a
year ago.  The company recorded majority net income of Ps.451
million, 137% higher than Ps.191 million in the same period of
2008, mainly as a result of extraordinary deferred income taxes a
year ago.

                       About TV Azteca

TV Azteca (BMV: TVAZTCA) (Latibex: XTZA) is one of the two
largest producers of Spanish-language television programming in
the world, operating two national television networks in Mexico
-- Azteca 13 and Azteca 7 -- through more than 300 owned and
operated stations across the country.  TV Azteca affiliates
include Azteca America Network, a new broadcast television
network focused on the rapidly growing US Hispanic market, and
Todito, an Internet portal for North American Spanish speakers.

                        *     *     *

As of October 27, 2009, the company continues to carry Moody's B1
senior unsecured debt rating


===========
P A N A M A
===========


GREENSTONE RESOURCES: Erin Ventures Acquires Santa Rosa Gold Mine
-----------------------------------------------------------------
Erin Ventures Inc. has entered into an agreement to purchase
majority control of the assets of the Santa Rosa Gold Mine in
Panama.

The Santa Rosa Mine was opened for commercial production by
Greenstone Resources Ltd. in 1996 and operated through 1998.  Gold
production at Santa Rosa during this period totaled 109,002 ounces
at an average cash operating cost of approximately US$285 per
ounce.  Greenstone's production facilities were designed to
operate at a capacity of 60,000 ounces per year using standard
open pit mining methods and heap leach processing methods.

A combination of low gold prices, a substantial debt load, and
multiple underperforming projects, resulted in the orderly
shutdown of the Santa Rosa Mine early in 1999 and the eventual
bankruptcy of Greenstone.

At shutdown, Greenstone calculated the remaining resource in place
at Santa Rosa to be in excess of 900,000 ounces of gold at a grade
averaging approximately 1.3 grams per tonne, using a gold price of
$350 per ounce.

The main terms of the agreement are:

    1.   Erin in conjunction with Pageland Minerals Ltd agree
         to collectively purchase 100% of the assets of the
         Santa Rosa Mine, including the land title, mineral
         rights, buildings, equipment and historic exploration
         and production data from Canazas Mining Company, a
         Panamanian Corporation comprised of former workers at the
         Santa Rosa Mine, for a total of US$1,550,000.

    2.   Erin will retain an undivided 75% interest and Pageland
         will retain an undivided 25% interest in the
         Santa Rosa Mine, with each partner responsible for
         their prorata share of the purchase price and the
         payments and expenditures going forward.

    3.   Erin shall act as operator of the mine.

    4.   A US$75,000 down payment was made to Canazas at the
         time of signing of the agreement.

    5.   A second payment of $75,000 is due upon the completion
         of transfer of land title at Santa Rosa.

    6.   US$500,000 becomes due and payable when the mineral
         rights and mining permits associated with the
         Santa Rosa Mine have been reestablished by the
         Panamanian government and granted exclusively to
         Canazas.

    7.   A second payment of US$500,000 is payable 90 days
         after the first payment of $500,000.

    8.   A final payment of US $400,000 is payable 180 days
         after the first payment of $500,000.

    9.   Canazas will receive the 10% of the net profits of the
         operations of Santa Rosa Mine.  Net profits are defined
         as gross revenues less direct and indirect operating,
         recovery, mining and smelting costs, general and
         administrative expenses, interest, taxes and royalties
         and all other expenses relating to operating of Santa
         Rosa Mine.

    10.  Erin agrees to transfer title to the land back to
         Canazas when mining operations are complete.

Erin intends to use a due diligence period to advance the project
to a NI-43-101 compliant resource, and to develop plans to bring
the project back into production, building on Greenstone's
historic production.

Erin intends to pay a finder fee in connection with this
transaction of 1,000,000 shares, subject to TSX approval.

                         Santa Rosa Mine

The Santa Rosa gold deposit is located near the village of Canazas
in Veraguas Province, Panama, approximately 300 kilometres
southwest of Panama City.  Access to the site is via paved road
from the paved Pan American Highway.  These roads are suitable for
the transportation of major project components. Canazas itself is
15 kilometres north of the Pan American Highway and 300 kilometres
southwest of Panama City.  The Santa Rosa project (the "Santa Rosa
Mine") has two components: the Santa Rosa deposit and the Alto de
la Mina ("ADLM") deposit.  Project feasibility was completed in
October 1993 for gold production using heap leach methods on the
ore produced by open pit mining methods.  Construction of the
project occurred during 1994 and 1995.  Commercial production at
Santa Rosa was achieved in the second quarter of 1996.

                    About Greenstone Resources

Headquartered in Toronto, Ontario, Greenstone Resources Ltd.
(Nasdaq:GRERF.PK) owned gold operations in Honduras and
Nicaragua.

At a meeting of the company's creditors held on Jan. 25, 2007, to
consider the amended consolidated plan of arrangement, the
required majority of the company's creditors present and voting at
the meeting accepted the plan of arrangement.

Shimmerman Penn Title & Associates Inc., trustee of the bankruptcy
estate of Greenstone Resources Ltd., advised that the
implementation of the plan of arrangement is subject to various
conditions, including obtaining certain regulatory approvals.


=======
P E R U
=======

BANCO DE CREDITO: Posts 138.0 Million Net income in Third Quarter
-----------------------------------------------------------------
Banco de Credito del Peru ) posted third quarter net income of
PEN138.0 million (US$48 millionerom PEN271.2 million in the same
quarter a year earlier, Robert Kozak at Dow Jones Newswires
reports.  The company, the report relates, said that higher
provisions for taxes and weaker net interest income led to the
decline.

According to the report, the company said that third-quarter
financial revenues totaled PEN1.07 billion compared with PEN1.13
billion in the same quarter a year earlier.

Banco de Credito del Peru is Peru's largest bank, with a
dominating market share of over 30% of deposits, and boasts
total consolidated assets of US$9.6 billion and equity of US$780
million as of June 30, 2006.  It is the principal operating
company within Credicorp, Peru's largest financial services
company, which controls 96.2% of Banco de Credito; Credicorp is
widely held by local and foreign institutional shareholders.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
October 2, 2009, Moody's Investors Service has placed on review
for possible upgrade the Ba2 long term foreign currency deposit
ratings of Banco de Credito del Peru and Banco Internacional del
Peru -- Interbank, following the same action taken on Peru's
sovereign ceiling for foreign currency deposits.


========================================
T U R K S  &  C A I C O S  I S L A N D S
========================================


OLINT TCI: Former Owner's Court Date Set for November 3
-------------------------------------------------------
Former Olint TCI Corporation Limited boss David Smith has his case
postponed to November 3 in the British dependent Turks and Caicos
Islands, CaribbeanWorld News reports.  The report relates that Mr.
Smith is accused of 26 counts of criminal offenses, including
theft, false accounting and uttering false documents, relating to
his company.

As reported in the Troubled Company Reporter-Latin America on
October 16, 2009, RadioJamaica said that was put to jail in
the Turks and Caicos Islands, after being arrested on September 28
in the neighboring Caribbean territory.  According to a TCRLA
report on June 16, 2009, citing Caribbean Net News, said Florida
resident Christopher Walker sued the several parties for their
involvement in (OLINT)'s operations.  The report related Mr.
Walker, who is claiming that he was defrauded in the company's
“get-rich-quick scheme”, is seeking US$2.4 million in damages.
According to the report, Mr. Walker's complaint involved
these defendants:

  -- Hallmark Bank & Trust Ltd;
  -- Hallmark CEO and Chairman Attorney Brian Trowbridge;
  -- Overseas Locket International Corporation;
  -- OLINT Principal David Smith;
  -- Wayne Smith, David Smith's brother and an
     employee of OLINT;
  -- Turks and Caicos Islands Premier Michael Misick
  -- The Turks and Caicos Islands Investment
     Agency, which "encourages foreign investment in
     the Turks & Caicos Islands"; and
  -- MasterCard Worldwide and MasterCard International
     LLC, which provide card services to Hallmark Bank.


=================
V E N E Z U E L A
=================


PETROLEOS DE VENEZUELA: To Close Units at Puerto La Cruz Refinery
-----------------------------------------------------------------
Petroleos de Venezuela will shut two processing units at its
187,000-barrel-per-day (bpd) Puerto La Cruz refinery for 15 days
of planned maintenance in November, Rebekah Kebede at Reuters
reports, citing unnamed union sources.  The report relates that
the refinery will shut its gasoline-making fluid catalytic cracker
and alkylation units; and the No. 2 boiler for a 25-day
maintenance.

According to the report, one of the sources said that the most
important part of the planned maintenance at Puerto La Cruz will
be to change the catalysts in the alkylation unit in preparation
for a larger turnaround at the refinery in April and May 2010.
The report relates that the turnaround is part of a larger project
which is expected to boost gasoline output 63% and will require a
US$6.5 billion investment by PDVSA and will be completed in 2013.

Reuters notes that the majority of planned outages at PDVSA last
much longer than expected, which has forced the South American
nation to import gasoline to meet domestic demand.

                           About PDVSA

Petroleos de Venezuela -- http://www.pdvsa.com/-- is Venezuela's
state oil company in charge of the development of the petroleum,
petrochemical, and coal industry, as well as planning,
coordinating, supervising, and controlling the operational
activities of its divisions, both in Venezuela and abroad.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 3, 2009, Fitch Ratings assigned a 'B+/RR4' rating to
Petroleos de Venezuela S.A.'s proposed US$3 billion zero coupon
notes due in 2011.  These notes will be registered at Euroclear
or Clearstream.  Proceeds from the issuance are expected to be
used to fund capital expenditures and for other general corporate
purposes.  Fitch also has these ratings on PDVSA:

  -- Foreign currency Issuer Default Rating 'B+'
  -- Local currency IDR 'B+'
  -- US$3 billion outstanding senior notes (due 2017) 'B+/RR4'
  -- US$3.5 billion outstanding senior notes (due 2027) 'B+/RR4'
  -- US$1.5 billion outstanding senior notes (due 2037) 'B+/RR


PETROLEOS DE VENEZUELA: Increases Dollar Bond Sale to US$3.26BB
---------------------------------------------------------------
Daniel Cancel at Bloomberg News reports that Petroleos de
Venezuela SA boosted a bond sale to US$3.26 billion from US$3
billion to meet local investor demand for dollar-based assets.

According to the report, PDVSA met 100% of the orders for the
securities.  The company, the report relates, sold:

   -- US$1.4 billion of notes due in 2014 with an interest
      rate of 4.9%;
   -- US$1.4 billion of securities due in 2015 with a rate of
      5%; and
   -- US$435 million of bonds due in 2016 with a rate of
      5.125%.

Buyers, the report says, were assigned a portion of each of the
three bonds.

Central Bank President Nelson Merentes, the report notes, said
that PDVSA is selling bonds to pay off outstanding debts to
service providers that stand at about US$4.65 billion.  Bloomberg
News relates that Venezuela is also trying to narrow the gap
between the official exchange rate of VEB2.15 per dollar and the
unregulated market rate of VEB5.3 per dollar.

The bonds were sold at a price of 138 percent of face value, the
company said in an October 16 statement obtained by the news
agency.

                           About PDVSA

Petroleos de Venezuela -- http://www.pdvsa.com/-- is Venezuela's
state oil company in charge of the development of the petroleum,
petrochemical, and coal industry, as well as planning,
coordinating, supervising, and controlling the operational
activities of its divisions, both in Venezuela and abroad.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 3, 2009, Fitch Ratings assigned a 'B+/RR4' rating to
Petroleos de Venezuela S.A.'s proposed US$3 billion zero coupon
notes due in 2011.  These notes will be registered at Euroclear
or Clearstream.  Proceeds from the issuance are expected to be
used to fund capital expenditures and for other general corporate
purposes.  Fitch also has these ratings on PDVSA:

  -- Foreign currency Issuer Default Rating 'B+'
  -- Local currency IDR 'B+'
  -- US$3 billion outstanding senior notes (due 2017) 'B+/RR4'
  -- US$3.5 billion outstanding senior notes (due 2027) 'B+/RR4'
  -- US$1.5 billion outstanding senior notes (due 2037) 'B+/RR


                            ***********

Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Monday
Bond Pricing table is compiled on the Friday prior to
publication.  Prices reported are not intended to reflect actual
trades.  Prices for actual trades are probably different.  Our
objective is to share information, not make markets in publicly
traded securities.  Nothing in the TCR-LA constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.

Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets.  A company may establish reserves on its balance
sheet for liabilities that may never materialize.  The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

                            ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter - Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. Agravente, Rousel Elaine C.
Tumanda, Valerie C. Udtuhan, Frauline S. Abangan, and Peter A.
Chapman, Editors.


Copyright 2009.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Christopher Beard at 240/629-3300.


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