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PAIM - Forward Split Heaven !! Gold Mine
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[QUOTE]Originally posted by 7 of 9: [QB] PAIM just did a lovely 1000:1 f/s into 30B beautiful shares. Ive picked 5M already. Check out the chart!!!!! This is an asian gold mine. We all know Asia is f--kin' lousy with gold. Its lying out on the ground!!! This beauty traded for 100 last week, and you can scoop it up now for 3, or even 2. The ask will be back up to 50 next week. Fire sale. Start scooping guys! PASIG CITY, METRO MANILA, Philippines, Feb 07, 2006 (BUSINESS WIRE) -- Pearl Asian Mining Industries, Inc. (OTC:PAIM), commonly known as "PEARL ASIAN" announces the decision of the Board of Directors to re-incorporate to USA under new Jurisdiction in the State of Wyoming and forward split its common shares 1=1,000. Effective immediately, the Pearl Asian Mining Industries, Inc. (PRLGF) has changed domicile to the USA under the Jurisdiction of the State of Wyoming having the new Stock Symbol: PAIM. The Wyoming jurisdiction includes the following assets: (a). 100% of the 12 Gold Mining Claims located in Vancouver Island, British Columbia, Canada (b). 3,000,000 Common Shares of ERDTF stocks; (c) 21+ acres of Hawaiian Real Estate lots located at the Hawaiian Ranchos Estates of the Big Island of Hawaii; (d). PAIM owns 100% of the Mining Operation Agreement (MOA) with the Pearl Asian Mining Industries, Inc. (PAMI) Philippines Corporation. The Pearl Asian Mining Industries (PAMI)- Philippine Corporation is the 100% holder of the SSMP (Small Scale Mining Permit), mining claims which operate on 20 hectares of the XYZ Gold Mine Site. PAIM has a pending MPSA (Mineral Production Sharing Agreement), for the final Certification to mine over 1,800 hectares of the XYZ Gold Mine Site. Further, all the PRLGF's existing shareholders and their holdings will remain the same as they are carried over to this new Wyoming Corporation. PAIM, the Wyoming Corporation has unlimited authorized shares and unanimously passed by corporate resolution to forward split 1=1,000. That for every 1 share is to increase to 1,000 shares effective February 14, 2006. This move is hoped to expedite the company expansion plans. PAIM's select and highly experienced Team of Engineers are aggressively continuing the development and building of the XYZ Operation Gold Finger Project. The investment in PAIM's "Operation Gold Finger" XYZ Gold Project is currently on its exploration and development phases. The target production of its gold, silver & other precious metals is estimated to be in the 4th quarter of 2006. This XYZ Gold Project is planned to be a minimal risk, cost effective enterprise. It will serve as the gold mining model for further projects planned by PEARL ASIAN MINING INDUSTRIES as it continues to grow in the future. PAIM is prepared to bring good returns of investment (ROI) for all its existing shareholders. The Gold Rush of this 21st Century! Pearl Asian Mining Industries (PAMI) Announces the Summer Explorations of the PANAMA Group Mining Properties In Canada & The Summer Operations of the PARACALE Gold & Silver Mining Properties In The Philippines CANADA: Vancouver, British Colombia, June 22, 2004 (Pink Sheets News Service) -- The Pearl Asian Mining Industries (Pink Sheets: PRMN) announces the summer feasibility studies and the exploration of its 49 silver/lead/zinc mining claims known as "Panama Groups I, II, III, IV" is scheduled to begin on August, 2004. These group includes Jo-Jo, Miner Boy, London Hill, Silver Glance and Empress mining properties, located in the historic Slocan Trail Creek and Nelson Mining Districts of the Southeastern Region of British Colombia. According to the previous owners, these mines have been prodigious producers since 1893, with recorded silver values ranging from 134.6 to 395 ounces of silver per ton. The latest laboratory assay shows an average of 203 ounces of silver per ton from seven (7) individual samples. There are mills in the area which can process in excess of 100 tons of ore each on a daily basis. Substantial increase in silver prices have only enhanced the prospects for the "Panama Group". Many of the properties have substantial and past production histories, including gold, lead, zinc in addition to silver. The previous owners of these claims said that, although the type and size of potential reserves is unknown some of the 49 claims have shown historically from 3,565 tons of ore, to yield 229,556 ounces of silver, 46 ounces of gold, 53,690 pounds of lead, and 2,026 pounds of copper. PHILIPPINES: A Mining Operations Agreement for a 10 year period , renewable for another 10 years with option to buy and to acquire the 100% mining tenements and claims of the rich Paracale Gold Mining District Properties from the current stakeholder and minerals rights owner is scheduled to be executed, signed and finalized this month. This is in parallel to the acquisition being made on the 675 tpd C-I-L Gold Ball Mill Plant on the Santa Rosa Mining Site. Historically based on the feasibility studies made by the former mining operators, the Santa Rosa Mining Site mills 650 - 675 tons of ores daily, yielding an approximate 90 ounces of gold per day. Estimated annual ore production yields 32,000 ounces of gold generating an estimated gross annual income of $12,500,000.00 USD at current market rates from a single open pit. These figures are based on the historic averages and do not reflect the benefit of the planned upgrades. Pearl Asian Mining Industries, Inc. will put back into production this abandoned gold mining properties scheduled to begin as early as July, 2004. PAMI will immediately upgrade current procedures to increase the yield of the operation, which should realize an additional 20% to 25% output with minimal increase in cost of operation or capital outlay. Short range plans to construct a new electro-winning and refining plant will maximize the gold and silver recovery, while also adding the recovery of other precious metals such as platinum, iridium and palladium to the site's products. The new facility will also increase the capacity of ore throughput resulting in further increases in total production and bottom line profits. This acquisition marks a new era of cooperation between private industry and the Philippine government in the development and refining of the island's natural resources, implementing the company's vision and mission of strong management plan for community service, socio-economic and environmental awareness. This acquisition will become an added asset to the fast growing mining company of Pearl Asian Mining Industries, Inc. According to the Founder and Chairman of the Board, E. Pearl Asia, "Pearl Asian Mining Industries Inc., intends to continue to acquire promising and rich natural resources properties particularly in the Vancouver Island of British Columbia, Canada and the Philippines, then bring them all into production as quickly as possible." [/QB][/QUOTE]
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