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Press Release Source: Pearl Asian Mining Industries Inc.
Social Worker from Miami, USA Visits Binasan Mine Site Project Cagayan de Oro and Gango Gold Rush Site to Support Operation Outreach and to Tour Mine Sites; PAIM Learning Center Nearing Completion, Pearl Asian Reports Thursday April 19, 9:38 am ET Pearl Asian Subsidiary Oro Pearl Geoservices Currently Evaluating a Request for Gold Verification by a Potential Client from the USA; Retired Philippine Army Brigadier General Tapped as Security Consultant to Develop an Overall Security Plan for Pearl Asian's Various Mine and Processing Projects
MANILA, Philippines--(BUSINESS WIRE)--Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC:PAIM - News; OTC:PAIMP - News); Germany (GER:R1Z) and (FWB:R1Z) announces that Mrs. Josephine Halfen, a Social Worker and the wife of Dr. Abraham Halfen, a respected and well-known Fertility/OB GYN Specialist in Miami, Florida, visited Binasan Mine Site Project Cagayan de Oro (CDO) and nearby Gango Gold Rush Area in Bukidnon Province last week. Source: Pearl Asian Mining Industries Inc.
· Mrs. Josephine Halfen inspecting the tunnel or adit at the Gango Gold Rush Site (Photo taken April 12, 2007) (Photo: Business Wire). View Multimedia Gallery
During her visit, Mrs. Halfen was given a tour of the mine sites by PAIM President for Mindanao Operations/Chief Community Relations Officer Manolo Tecson and the Golden Team. At Binasan, Mrs. Halfen was welcomed by the Higaonon tribal chieftains and Sultans (leaders) of the Muslim tribes in the area. Mrs. Halfen later on handed out candies and other goods to the children at Binasan near the PAIM Healing Center. At Gango, Mrs. Halfen met with local small-scale miners and went into the gold mining tunnels (adits) to have a first-hand look at the gold veins within.
Mrs. Halfen likewise inspected the ongoing construction work on the PAIM Binasan Learning Center and the temples of worship for non-Christians. President Manny Tecson reports: "Construction of the Learning Center should be completed within the month of May, just in time for the opening of the school year in June. Aside from the fact that this will greatly benefit the youth at Binasan, many of whom are children of our mine workers, this will also redound to the benefit of PAIM, as this will ensure our continuing mining operations as a result of the local community's approval and acceptance of Pearl Asian."
Meanwhile, Oro Pearl Geoservices, a wholly-owned subsidiary of Pearl Asian Mining, is currently evaluating a request for gold verification services from a potential client from the USA. VP for Business Development and IRO Gary Gotanco reports: "We are currently working on providing the potential client with a mutually-agreeable offer to re-verify the purity and to refine their gold, also sourced from the Philippines. Our contact person has advised that upon our submission of a proposal, he will subsequently visit the Oro Pearl facilities in CDO to inspect if our services will meet his operational and product standards."
Finally, Pearl Asian recognizes the importance of security planning and implementation in mining and precious metal processing operations, for which reason PAIM recently tapped Retired Army Brigadier General Frank Acosta to render his expertise in the field of security, intelligence work, and coordination with military/police officials. Drawing from his more than 31 years of active military service, Gen. Acosta has already crafted an overall security plan for all of Pearl Asian's facilities in the Philippines, based largely on the security plan he developed for XYZ minesite.
Executive President Randolf Villanueva states: "The security plan will allow Pearl Asian to immediately mobilize into XYZ and secure this area as and when a final agreement is reached with landowners involved in right-of-way negotiations. The same security plan, with slight revisions, also holds for any of the other mine sites we are currently evaluating or preparing to operate in, such as Aroroy (near XYZ in Masbate Province) Gold Rush Area, Gango Gold Rush Area, Calatrava (Negros Occidental Province, Visayas Island) Manganese Mine Site, etc."
FORWARD STATEMENTS;
and yes I recieved the spinoff shares...won't be able to trade them any time soon.
Pearl Asian Mining Industries Sets March 31, 2007 as Payment Date for Issuance of Stock Dividends of Philippines Royal Oil & Alternative Energy Co., Inc. (Stock Symbol: PROL) to PAIM Shareholders
NASDAQ Need Not Set an X-Dividend for PAIM’s Stock Dividend, as the Dividend Shares of PROL to PAIM Shareholders are Restricted Under SEC Rule 144; First Pure Gold Refined by PAIM’s own Refinery/Metallurgy, Pearl Asian Mining Reports
Pearl Asian Mining Industries, Inc. with stock symbols: U.S.A. (OTC: PAIM)(OTC: PAIMP); Germany (GER: R1Z) and (FWB: R1Z), announces that it has set March 31, 2007 as Payment Date for the issuance of stock dividends of Philippines Royal Oil & Alternative Energy Co., Inc. (OTC: PROL), previously Philippines Gold Mining Corp. (OTC: PGMC). PAIM’s CEO Jason Piamonte, states: “We have set March 31, 2007 as the payment date for issuance of stock dividends of 1 Post Split Common share of PROL for each 100 PAIM Common shares held as of record date of February 26, 2007. NASDAQ need not set an X-Dividend, as the stock dividends are restricted for one year under SEC rule 144. Furthermore, no action is required of PAIM shareholders eligible for the stock dividend. We shall mail the post-forward split PROL stock certificates to their listed addresses. We would like to thank all PAIM shareholders for patiently bearing with us through the unforeseen delays we encountered during the processing and transition of this corporate action.”"
BIGDAN.....Last PR I am aware of with PAIM distributing stock dividends....but I was expecting a distribution of PROL share per the above PR.....I am a little confused also......Have there been other distributions announced since the beginning of 2007?
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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yea but when did the dividend actually happen....i mean feb 27th is when i sold them......did it happen b4 that....and also where the hell did phil come from.....did they do a ticker change during the dividend process....is that even possible.....well we can be confused together
-------------------- BINGO BANGO ZINGO ZANGO Posts: 65 | From: RHODE ISLAND | Registered: Nov 2006
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CAN ANYONE SHED SOME LIGHT ON WHY......I MEAN WHEN YOU TRY TO LOOK UP THE TICKER PHIL* OR PHIL IT COMES UP NOT FOUND....THERE IS NO TICKER SYMBOL BUT I HAVE SHARES WITH THIS TICKER SYMBOL...THAT ARE WORTH N/A
-------------------- BINGO BANGO ZINGO ZANGO Posts: 65 | From: RHODE ISLAND | Registered: Nov 2006
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After talking w/ Scottrade yesterday, my current understanding is that the PHIL shares were a stock distribution from PAIM of the Phillipine Oil & Gas Company (this name is direct quote from broker at local Indianapolis office of Scotty, so for now I'll assume this to be the correct company name for PHIL). The only additional data that he represented to be available to him was the CUSIP number of the PHIL shares, which he stated is 718291990. He also stated that the CUSIP number for the PROL issue is 718291107. So, two differnt CUSIP numbers suggests two differnt companies.
That's all the data I have obtained in the limited time I took to do my inquiry. I am going to send an information request to PAIM for their feedback. Aside from the previous PAIM PR's on the PROL stock dividend distribution, I still am not aware of any PR that addresses this PHIL share distribution and / or the relationship of PHIL to PAIM.
-------------------- "No nation was ever ruined by trade." Benjamin Franklin Posts: 533 | From: Dooville, Indiana | Registered: Jul 2006
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SO DID SOMEONE SCREW UP IN THE DISTRIBUTION PROCESS....OR DID THE COMPANY GIVE US WORTHLESS DIVIDENDS.....AND WHAT HAPPENED TO PROL....I REALLY THINK SOME1 SCREWED UP....I WOULD RATHER THINK THAT WAY THAN THINK THAT WE GOT SCREWED
-------------------- BINGO BANGO ZINGO ZANGO Posts: 65 | From: RHODE ISLAND | Registered: Nov 2006
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