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$PRDC -More NEWS$$ - Paradigm Resource's Investment Portfolio Company Signs Memorandum of Understanding to Supply Radio Frequency-Plasma Technology
Date : 19/12/2013 @ 06:00
Source : PR Newswire (US)
Stock : Paradigm Resource Management Corp. (QB) (PRDC)
Quote : 0.12 0.0 (0.00%) @ 05:32

Paradigm Resource's Investment Portfolio Company Signs Memorandum of Understanding to Supply Radio Frequency-Plasma Technology

Today : Thursday 19 December 2013


SAN FRANCISCO, Dec. 19, 2013 /PRNewswire/ -- Paradigm Resource Management Corporation (OCTQB: PRDC) ("Paradigm Resource") today announced that TOSS Plasma Technologies Limited ("TPT"), a Paradigm Resources investment portfolio company, has signed a Memorandum of Understanding ("MOU") with Harvests Holdings Co., Limited ("HHL"), a Taiwanese investment firm funded by a NYSE-listed technology company, on the supply of Radio Frequency Plasma systems for the extraction of precious metals in complex ores owned by HHL.

Paradigm Resource CEO, Ted Ozaki, said of the deal, "After announcing our latest assay results dated November 11, 2013, from our Myanmar samples which produced an astonishing 1,500% more yield versus traditional methods, (495 grams per metric ton versus 34 grams per metric ton of gold, pre plasma application), we have been approached by other mining companies in the industry wanting to learn more about our Toss Plasma technology."

"This MOU was the culmination of intensive discussions between the two sides to pursue and structure a strategic business relationship with specific objectives and milestones in the short, medium and long term," said TPT Chairman Sam Shao.

Shao added, "There are four (4) phases to our business relationship with HHL, signifying an increasing level of cooperation and financial commitment by HHL. The four phases are:

Ore sample plasma processing and assay,
Value-added plasma processing of ore concentrates for a 3-month period
Turnkey plant sales and installations (2 locations)
Equity investment in TPT in the form of stock purchase
The total all-inclusive price for the two (2) RF Plasma turnkey plants shall be of approximately US$15,000,000."

HHL is based in Taipei (Taiwan) with a portfolio of precious metal complex ores under its control and management. HHL is funded by the investment arm of a multi-national NYSE-listed technology company, for which details shall be disclosed upon the execution of a final and definitive agreement for the turnkey plant sales at the end of phase two.

About Paradigm Resource Management Corporation

Paradigm Resource Management Corporation is a publicly traded U.S. mining and natural resource management company headquartered at San Francisco Bay Area in California. The Company is currently pursuing opportunities for acquisition targets in mining and natural resources with a focus on new technology and applied materials. Paradigm Resource's commitment to asset growth and increased shareholder value will be sustained by the development of highly prospective projects and acquisition of viable resources.

http://www.paradigm-resource.com/index.html
http://www.paradigm-resource.com/report

About Toss Plasma Technologies Ltd.

TPT developed a breakthrough technology and processing system, using ultra-temperature radio frequency plasma torch, to extract latent precious metals from certain types of complex ores. For further information, please go to http://www.tossplasma.com.