Thursday, October 12, 2006 12:27:10 AM
"Pearl Asian Mining Industries, Inc.- is issuing its first Rights Offering to all existing
Shareholders in order to raise the working capital needed to be used for all its gold
Projects, as well as PAIM ‘s increasing growth, expansion, mine site development, real
Estates acquisitions, land acquisition and all mining equipment & other mechanical plant
purchase.
Funds are also needed to finance the cost of the building of the Pearl Asian
Chemical Diagnostic Laboratory (PAMC LAB) and the Gold Silver Smelting &
Refinery Facility, Gold Mint House & Trading Center in Cagayan De Oro City,
Misamis Oriental. Both PAMC Lab & Gold Refinery will be generating other revenues
as it will offer its Metallurgical & Chemical Assay Services to other big and small
mining companies."
https://www.otcstockinfo.com/repository/651759/651759_FR27.pdf
Here's what Pearl had to say about reporting. Also I've seen nothing to indicate she's raised that $5 million she needs to start mining which was supposedly going to come from the ipo of PGMC.
"[15:01] <pearl> I not in any hurry to become a reporting company because funds have to be concentrated on mining"
http://www.investorshub.com/boards/read_msg.asp?message_id=10068178
"Philippines Gold Mining Corporation, A Nevada Corporation (Stock
Symbol: PGMC) is included in the current financial statement.
PGMC will be utilized as the tool for raising other needed capital. The Company plans to issue its first Initial Public Offering (IPO) in order to raise up to $5,000,000.00 USD Capitalization needed for this intensive capitalization for the gold project and PAIM ‘s increasing growth, expansion, mine site development, real estates acquisitions, land acquisitions and all mining equipment & other mechanical plant
acquisition."
https://www.otcstockinfo.com/repository/651759/651759_FR15.pdf
PGMC
Investors are advised that Pink Sheets has not been able to contact this issuer. Please refer to the Company Notes below for company status and other important information, including the Last Known Address, where available.
If you have current contact information for this issuer, please complete the Update Company Information Form or send an email to info@pinksheets.com
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