Post by Catdaddy on Mar 21, 2007 8:54:23 GMT -5
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
Wednesday March 21, 9:38 am ET
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
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 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 - News), previously Philippines Gold Mining Corp. (OTC: PGMC - News). 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."
For further information on Philippines Royal Oil & Alternative Energy Co., Inc., please check out the company website: www.philippinesroyaloil.com.
Source: Pearl Asian Mining Industries, Inc.
Chief Metallurgist, Elvis Hidalgo proudly shows the first refined gold containing 472.8 grams of pure gold, that had been refined by PAIM's own refinery/metallurgy: ORO Pearl GeoServices, Inc. "After (8) eight months of patience, perseverance and great team work, we, the gold team, are excited to show our first refined pure gold and the revenues to be reflected in our 2007 First Quarter Balance Sheet Report ending March 31," exclaimed Eng. Hidalgo.
FORWARD-LOOKING STATEMENTS:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Wednesday March 21, 9:38 am ET
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
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 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 - News), previously Philippines Gold Mining Corp. (OTC: PGMC - News). 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."
For further information on Philippines Royal Oil & Alternative Energy Co., Inc., please check out the company website: www.philippinesroyaloil.com.
Source: Pearl Asian Mining Industries, Inc.
Chief Metallurgist, Elvis Hidalgo proudly shows the first refined gold containing 472.8 grams of pure gold, that had been refined by PAIM's own refinery/metallurgy: ORO Pearl GeoServices, Inc. "After (8) eight months of patience, perseverance and great team work, we, the gold team, are excited to show our first refined pure gold and the revenues to be reflected in our 2007 First Quarter Balance Sheet Report ending March 31," exclaimed Eng. Hidalgo.
FORWARD-LOOKING STATEMENTS:
Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements in this release include statements regarding the Company's projections regarding gold production in future periods. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties such as: risks relating to estimates of reserves, mineral deposits and production costs; mining and development risks; the risk of commodity price fluctuations; political and regulatory risks; risks of obtaining required operating permits and other risks and uncertainties. Penny Stocks are very highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
