100% Completion of the 95% Mandatory Buy Back, Chill Lifted on Deposits, CUSIP Number & Stock Symbol To Remain The Same, Pearl Asian Mining Announces
18:50 07.08.07
58.1451 Hectares Segregated For OROGAPCO-Gango Gold Rush, Bukidnon
MANILA, Philippines--(BUSINESS WIRE)--Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC common shares: PAIM)(OTC preferred shares: PAIMP) announces that today it has successfully completed the 95% Mandatory Buy Back of its common shares. The same CUSIP # 704755107 and Stock Symbol: PAIM will be retained for the Post Buy Back Common Shares.
Furthermore, as previously agreed upon between Pearl Asian Mining, the DTCC and the Transfer Agent, the temporary "Chill on Deposits and Withdrawals are now lifted after the 100 % completion of this buy back. Therefore, Shareholders and Investors may now resume to deposit and withdraw the post buy back PAIM certificates and trade (buy and sell) freely without any restrictions.
To recap, from the Transfer Agents records the new issued and outstanding float after the buyback of July 20, 2007 are as follows:
Post Buy Back Float = 546,491,020
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