Global-Pacific Minerals Inc.: Shareholders Approve Arrangement with UNIREX, Inc.Business Editors VANCOUVER, B.C.--(BUSINESS WIRE)--Aug. 10, 2000 Global-Pacific Minerals Inc.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :GPJ GPJ George P. Johnson Company .) announced that shareholders at an Extraordinary General Meeting held today approved the business combination and reorganization of Global-Pacific and UNIREX, Inc. by way of statutory plan of arrangement (the "Arrangement"), which is subject to court and regulatory approval. Shareholders also approved the continuance of Global-Pacific into the State of Wyoming under the name UNIREX Technologies, Inc. ("UTI UTI urinary tract infection. UTI abbr. urinary tract infection UTI urinary tract infection. UTI Urinary tract infection, see there "). Shareholders of Global-Pacific will receive one share of UTI for each share of Global-Pacific surrendered and shareholders of UNIREX, a private Alabama corporation, have agreed to transfer to UTI 100% of the shares of UNIREX in exchange for UTI shares. As a result, UTI will own UNIREX and be held 55% by former UNIREX shareholders and 45% by former Global-Pacific shareholders. UTI must meet the original listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. or apply for listing on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . Pursuant to the Arrangement, shareholders have approved the transfer of Global-Pacific's exploration and mining assets to a new corporation, Pacific Minerals Inc., the shares of which will be held by shareholders of Global-Pacific on the basis of one share of Pacific Minerals for every six shares of Global-Pacific surrendered. UNIREX shareholders will not be issued shares of Pacific Minerals. UNIREX (www.unirex.com) is the sole owner of its software applications, data acquisition systems and internet application services See ASP and Web services. . UNIREX provides licensed software, internet e-business solutions and other services to the chemical, gas and coatings supply industry, manufacturing industry, oil and fuels distribution business and power generation industry. Global-Pacific Minerals Inc. is a gold-base metal mining company engaged in mining, exploration and development in the People's Republic of China. Global-Pacific currently operates the Hucan copper/gold mine and receives royalties from the Qian Chang iron/gold/copper mine, both of which are located in the Anhui Province, China. Some of the statements in this news release contain forward-looking information which involves inherent risk and uncertainty affecting the business of Global-Pacific. Actual results may differ materially from those currently anticipated in such statements. |
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