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Strategies & Market Trends : Greater China Junior Stocks

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To: Julius Wong who started this subject	11/15/2003 7:14:52 AM
From: Condor	of 1992

Press Release Source: Asia Pacific Resources Ltd. ( APQ.T ) Up 172% on the day. TORONTO--(BUSINESS WIRE)--Nov. 13, 2003--Asia Pacific Resources Ltd. announced today that its subsidiary company, Asia Pacific Potash Corporation (APPC), has signed a Memorandum of Understanding (MOU) with Beijing, China, based China State-Owned Enterprise Investment Company (CSEIC). The MOU was signed by Wang Gang, the Chairman of the Board of CSEIC and Khun Plengsakdi Prakaspesat, the Chairman of APPC. The two companies will work together to develop APPC's Udon Thani potash deposit in Thailand; in particular through securing long-term offtake commitments for the supply of high quality potash to the agricultural markets of China, Thailand and across Asia, and through arranging financing of approximately US$300 million. This is the estimated capital cost for the first stage of the proposed 2.0 million tonne per annum Udon South mine. ....news release cont'd: biz.yahoo.com Shares out: wwwa.stockwatch.com Price Chart: finance.yahoo.com

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