Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

Pan Asia Mining Limited : DELAY IN DESPATCH OF CIRCULAR

04/22/2013 | 07:03am US/Eastern
Recommend:
0

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities in the Company.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8173)

DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Pan Asia Mining Limited (the "Company") dated

27 March 2013 in relation to a discloseable and connected transaction involving issue of consideration shares under specific mandate (the "Announcement"). Capitalised terms used in this announcement have the same meanings as those defined in the Announcement, unless the context otherwise requires.

As disclosed in the Announcement, a circular of the Company (the "Circular") containing, among other things, (i) the particulars of Acquisition; (ii) the Consideration Shares; (iii) the Specific Mandate; (iv) the terms of the Sale and Purchase Agreement; (v) the recommendations of the Independent Board Committee and the advice from the independent financial adviser to the Independent Board Committee and the independent Shareholders; and (vi) the notice of the EGM, was expected to be despatched to the Shareholders on or before

22 April 2013.

As the Company requires additional time to finalise the information to be included in the

Circular, the despatch date of the Circular will be postponed to a date falling on or before 10

May 2013.

By order of the Board Pan Asia Mining Limited Koh Tat Lee, Michael Chairman

Hong Kong, 22 April 2013

As of the date of this announcement, the Board comprises three executive Directors, Mr. KOH Tat Lee, Michael, Mr. ENG Wee Meng and Mr. CHEUNG Hung Man, two non-executive Directors, Mr. YIN Mark Teh-min and Mr. LIANG Tong Wei, and three independent non-executive Directors, Mr. LAI Kai Jin, Michael, Mr. CHU Hung Lin, Victor and Mr. TONG Wan Sze.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief: (1) the information contained in this

1

announcement is accurate and complete in all material respects and not misleading; (2) there are no other matters the omission of which would make any statement in this announcement misleading and (3) all opinions expressed in this announcement have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.
The Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.
This announcement will remain on the page of "Latest Company Announcement" on the GEM
website for at least seven days from the date of its positing.

2

distributed by
Recommend :
0
React to this article
Latest news
Date Title
<1m ago ZIONS BANCORPORATION : 365 Winning Bidders in Zions Direct Securities Auctions
1m ago MALTA AIRPORT : Hunters target protected raptors, CABS report
1m agoDJTreasury Bonds Rally; 10-Year Yield Below 2.6%
2m ago PORSCHE AUTOMOBIL SE : Hedge Fund Sorry Former Managing Member Was Such A Cliché Vis-à-Vis Fraud
2m ago GLOBAL ENTERPRISES : Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Material Modification to Rights of Security Holders, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits (form 8-K)
2m ago EXXON MOBIL : citing sanctions, says it will wind down exploratory drilling in Kara Sea
2m ago Fitch Affirms MidContinent Express Pipeline at 'BBB'; Outlook Stable
3m ago TOSHIBA : to slash 900 jobs as part of restructuring PC segment
3m ago DANFOSS : Participates in White House Industry Leader Roundtable on Low-GWP Refrigerants
4m ago ABTECH : ABHD): Initiate Coverage with Buy and $1.10 Price Target. (Chardan)
Latest news
Advertisement
Hot News 
BANCO ESPIRITO SANTO : Swiss begin bankruptcy proceedings against Espirito Santo private bank
DIXONS CARPHONE : Phones 4U says Vodafone will take 140 of its stores
EREDENE CAPITAL : Sells Aboyne To Brick Eagle For GBP3 Million
SINGULUS TECHNOLOGIES : Sees Weak 2014
GREENKO : Long Term Incentive Plan Awards
Most Read News
1d ago INTEL : Tapping the growing tablet market
1d ago HOME DEPOT : breach bigger than Target at 56 million cards
2h ago Oracle shares slide after soft results, CEO change
2h ago Alibaba surges on massive demand in trading debut
1d ago JETBLUE AIRWAYS : names former British Airways exec CEO, shares rise
Most recommended articles
1m agoDJTreasury Bonds Rally; 10-Year Yield Below 2.6%
8m agoDJMexico Continues Airlift, Clean-Up After Hurricane Odile
23m ago GENERAL MOTORS : U.S. judge orders discovery to begin in some GM ignition switch cases
27m agoDJBOND REPORT : Treasury Yields Fall As Investors Reassess Fed
28m agoDJCatalonia Moves Closer to Clash With Spain
Dynamic quotes  
ON
| OFF