Canaccord and Nesbitt seem to like the news although their reaction is a bit delayed.
4/14/99 open $.31 close $.49 - volume 740,600
PAN ASIA MINING CORP. ("PAR-V") - Update on Financing Package - 4/12/99 - Shares issued 24,922,988
Ms. Paula Poe, Director of Pan Asia Mining Corp. (the "Company"), is pleased to announce that it has submitted the documents requested by the Vancouver Stock Exchange regarding its debt settlement announced on march 3, 1999.
The Company anticipates filing all remaining documents requested by the Vancouver Stock Exchange on or before Thursday, April 15, 1999 and hopes to receive preliminary acceptance of the terms of its debt settlements and other transactions soon after.
The terms of the Company's private placement of 10,000,000 units for gross proceeds of Cdn$1,800,000 were accepted in principle by the Exchange on April 10, 1999. TEL: (604) 608-6686
Ms. Paula Poe, Director FAX: (604) 608-6687 |
