Asia Pacific Resources Announces Thai Potash Development Update.VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 16, 1999-- Asia Pacific(NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :APQCF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :APQ APQ Accordo di Programma Quadro APQ Association des Paraplégiques du Québec APQ Association des Pathologistes du Québec APQ Art Pepper Quartet (jazz group) APQ Armaments Planning Questionnaire APQ Advanced Placement Question .) (FRANKFURT:APQ) Private Placement Financing Completed Asia Pacific Resources Ltd. is pleased to confirm the closing of the recently announced private placement of $6,240,000.00, resulting in the issue of 2,400,000 units at $2.60 per unit. As reported, each unit comprises one common share and one half warrant and each warrant has a term of two years. Each warrant will enable the holder to purchase one additional common share from the company for $3.10 in Year 1 and $3.60 in Year 2. The placement was arranged with Rothschild Australia Golden Arrow Investors Limited (two million units) and a German investment fund (400,000 units). Hydro Confirms Participation in Somboon Project In a recent project meeting between Asia Pacific Potash Corp. and Norsk Hydro, Hydro expressed satisfaction with the development of the Somboon project and confirmed that there was no change in their intention to participate in the project. The project participants reviewed all aspects of the development including technical, potential EPC (1) (Entertainment PC) See HTPC. (2) (Electronic Product Code) A standard code for RFID tags administered by EPCglobal Inc. (www.epcglobalinc.org). contractors, project permitting and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay and agreed to work together to finalize the equity structure. The Somboon project relates to the development of a proposed two million tonne per annum Per annum Yearly. potash mine near Udon Thani in northeast Thailand. Gerald D. Wright, Chief Executive Officer and Co-chairman |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion