ZNext Mining Corporation, Inc (ZNXT)

[fahad]

see this announcement on Monday September 17, 10:02 am ET

Convertible Debenture Exchange Rate is $0.01 Per Common Share (Symbol: PAIM); About 1.5 Billion Common Shares Increase to the Current PAIM Outstanding Float
MANILA, Philippines--(BUSINESS WIRE)--Pearl Asian Mining Industries, Inc. with Stock SYMBOLS: U.S.A. (OTC common shares: PAIM)(OTC preferred shares: PAIMP); Germany (XETRA: R1Z.DE - News) and (Frankfurt: R1Z.F - News) announces that the Gango Gold Rush Project is almost ready for the first test run of its gold processing plant. The Gango Gold Team is working seven days a week to achieve the goal of operating the processing plant on Sept. 20th. The new mining/geology team led by Chief Mining Officer Cesar Rosales is working as hard by entering into the largest tunnel first that is rich with the mineral ores, to stockpile the minimum of 50 metric tons of gold ores.
"Everybody at Gango Gold Rush is happy while working diligently even though they are compelled to work double time finishing the building and re-conditioning of the gold processing plant. We further anticipate an abundance of gold revenue increase thereafter starting the 4th quarter of 2007!" exclaimed President for Mindanao Operations Manolo Tecson.
PAIM held a Special Board Meeting on Sept. 15th, with the consent and approval from the 77% Majority Shareholders of Pearl Asian Mining, and hereby reports the summary of the following corporate actions forming the final part of the capital restructuring and reorganization, as the company prepares to become a fully reporting company.
COMMON SHARES (Symbol: PAIM):
• 4 Billion (4,000,000,000) Authorized Common Shares
• Current public float to increase by an additional 1.5 Billion after the Completion of the mandatory recall of all the Convertible Debentures: Estimated increase to be reflected by the 4th Quarter, 2007