To: maxed who wrote (2737 ) 9/17/1998 8:47:00 PM From: Lilian Debray Respond to of 5206
Did anyone else appreciate the humor? Wednesday, August 19, 1998 Response To Resulting Rumours And Concerns Expressed By Its Shareholders PAN ASIA MINING CORP ("PAR-V") - Response To Resulting Rumours And Concerns Expressed - By Its Shareholders In response to news releases, published by Stockwatch without the knowledge or consent of the Company, the Company wishes to respond to resulting rumours and concerns expressed by its shareholders that: 1. it has had difficulty with securities regulators; 2. that these difficulties led to the temporary halt in trading in the Company's shares on the Vancouver Stock Exchange on Monday, August 17, 1998; and 3. that the Company in some way aided Gary Stanhiser or Excel Asset Management in alleged securities law violations. These rumours are completely false. It was coincidence only that recent articles concerning Excel Asset Management occurred at the same time as trading in the Company's shares was halted pending announcement of a major financing. On Friday, August 14, the Company requested that trading in its shares be halted pending a material announcement regarding financing of the Company. This announcement of financings totalling Cdn $6.72million, was made on Monday, August 17 and, on Tuesday, August 18, the Company requested that trading in the Company's shares resume. Trading resumed. The Company is proud of its record of regulatory compliance and its positive working relationship with the Exchange. At no time has there been, nor is there now, any BC Securities Commission or Exchange investigation into the Company's affairs. The Company is continuing to work with regulatory bodies and the Exchange to build and to grow for the future. TEL: (604) 608-6686 Mr. James Poe, President ______________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.