Beiträge von Beryll

  • Pan African Mining - Diamanten, Gold, Uran - Rohstoffherz, was willst du mehr?

    Asian Thai Mining hat es wohl hauptsächlich auf die Kohle abgesehen:



    Canada's Pan African Mining discards identity after Madagascar assets sale


    Pan African Mining is selling its Madagascar assets and will change its
    identity in order to focus on a broad spectrum of commodities in
    Botswana, Mozambique and Namibia.


    Author: Rodrick Mukumbira


    Posted:
    Wednesday,16 Apr 2008




    WINDHOEK -


    Vancouver-based Pan African Mining Corp. will transform into a new
    company that will focus on Botswana, Mozambique and Namibia after disposing of
    its assets in Madagascar where the company
    was exploring for coal, diamonds, gemstones, gemstones, gold, nickel and
    uranium.




    The company is yet to decide on what to call the new entity, President and CEO
    Irwin Olian told Mineweb on Tuesday.
    But it hopes to complete the sale of PAM Madagascar Sarl, as well as its
    80%-owned uranium exploration subsidiary PAM Atomique Sarl, to Asia Thai Mining
    Co. Ltd in six weeks.




    Pan African Mining held approximately 7,500 square kilometres of diversified
    mineral properties and 5,000 square kilometres of uranium properties in Madagascar.




    Asian Thai Mining, which is registered in Thailand, has offered to
    buy the assets for CAN$141 million. It has agreed to pay CAN$4 cash per share
    and to buy all outstanding warrants and all outstanding options for a price
    equal to the difference between US$4 and the exercise price of the respective
    warrant or option.




    The purchase price represents an 84.3% premium over the company's average
    closing price for the 20 preceding trading days on the Venture Exchange of the
    TSX.




    "Our non-Madagascar assets, namely PAM Botswana (Pty) Ltd., PAM Minerals
    Namibia (Pty) Ltd. and PAM Mocambique Limitada will be retained by shareholders
    and transferred into the new company. The present composition of management
    will prevail," said Olian.




    The new entity comes with a fat wallet, as the terms of the sale to Asia Thai
    Mining dictates that Pan


    African Mining transfer CAN$2.5 million in cash into its coffers.




    It would also distribute its shares to its shareholders as of a record date to
    be determined by way of spin off or similar mechanism, Olian said, and the
    agreement with the Asian company is subject to the completion of due diligence
    and "a number of other standard conditions, including all necessary regulatory
    and shareholder approvals".




    Indications are that Asia Thai Mining Co. is after Pan African Mining Corp.'s
    coal assets, as it indicates on its website that it has extensive experience in
    the development and operation coal mining interests.




    It says, through its subsidiaries, it is involved in the exploration and
    development of several coal mines in Indonesia and is aiming at a
    coal production capacity of approximately 4 million tons by 2009.




    Its affiliated mining company, Saraburi Coal Co. Ltd. recently received a
    nine-year, US$500 million coal mining contract in from Electricity Generating
    Authority of Thailand and will start work on the project in 2008.




    Olian said topping the priorities of the new company to be formed would be fast
    tracking the development of its approximately 10,000 square kilometre licence
    area straddling the Namibian-Botswana border, where the company is exploring
    for diamonds, and in searching for other minerals.




    "Our scope of exploration in southern Africa will include all
    commodities across a broad spectrum. We are very positive about this," he said.




    Pan African Mining also has four gold projects in Mozambique, one of which it
    is progressing with AIM-quoted African Eagle Resources PLC.



    Quelle:http://www.mineweb.co.za/minew…age43?oid=51248&sn=Detail

  • Pan African Mining - Diamanten, Gold, Uran - Rohstoffherz, was willst du mehr?

    Laut dieser News erhält jeder Aktionär pro Aktie 4 CAD plus anteilsmäßig
    Aktien der "NewCo"(Diamantenprojekt Botswana/Namibia, Goldprojekt Mocambique, 2,5 Mio CAD).


    Die Madagaskarprojekte sind für uns dann leider Passe.


    Mir persönlich gefällt das nicht, denn ich finde die 4 CAD zu billig bei dem riesigen Potential der Properties.


    Allerdings gibt es noch die Chance eines zweiten Bieters und
    die Shareholder müssen dem noch zustimmen.
    Ob da nun nur die Hauptaktionäre gefragt werden oder auch Kleinaktionäre - who knows?
    Von mir gäbe es derzeit ein Nein!


    Außerdem frage ich mich wie denn die Auszahlung der 4CAD steuerlich behandelt wird - wie ein normaler Verkauf einer Aktie?
    Ein Teil meiner PAF-Aktien sind ja bereits steuerfrei.
    Das würde ich entsprechend berücksichtigen wollen - ob ich meine Shares nun noch weiter halte
    oder doch vorher verkaufe.
    Dann aber nur zu umgerechnet über 4 CAD, denn derzeit werden die Shares in Canada zu ca.3,80 CAD verschenkt,
    obwohl wenigstens 4,20 CAD angebracht wären.

  • Pan African Mining - Diamanten, Gold, Uran - Rohstoffherz, was willst du mehr?

    Hallo Goldwasser,


    Zitat

    Leider scheint das Nickelvorkommen für den Abbau nicht groß genug zu sein. Schade.


    Das bezog sich doch nur auf das in der News von 2006 entdeckte Nickelgebiet allein.
    Jetzt verstehe ich es so, dass es zusammen mit den neu identifizierten Gebieten schon abbauwürdig sein kann.


    Dann kam auch noch die Meldung über ein neues PP über 6 Mio CAD.
    Ein Cash von jetzt 9 Mio CAD ist bei den Projekten auch eher angemessen.
    Natürlich wäre ein höherer Kurs zwecks geringerer Verwässerung besser gewesen,
    doch das PP war fällig und zu dieser Zeit kann oder muss man mit den 2 CAD schon zufrieden sein, denke ich.


    March 03 , 2008


    PAN AFRICAN MINING CORP. ANNOUNCES PRIVATE PLACEMENT


    Vancouver, British Columbia — PAN AFRICAN MINING CORP. (the “Company”) ") is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $6.0 million. Under the terms of the private placement, the Company will offer for sale a maximum of 3,000,000 Units (the “Units”) at CAD $2.00 per Unit.


    Each Unit will consist of one Common Share of the Company and one-half of one share purchase warrant (the “Warrants”), where each whole Warrant will allow the subscriber to purchase one additional Common Share of the Company for a period of two years from the date of closing. The exercise price shall be CAD $2.25 per Share for the first year and CAD $2.50 per Share for the second year.


    The Company may, in its discretion, pay a cash finders’ fee of up to 6.00% of the total gross proceeds of the offering and up to an aggregate of 210,000 warrants at the same terms as the above warrants.


    The Units issued upon the closing of the private placement will be subject to a 4-month hold period. The private placement is subject to the acceptance of the TSX Venture Exchange.


    Proceeds from the private placement will be used to explore the Company’s properties located in Africa.

  • Pan African Mining - Diamanten, Gold, Uran - Rohstoffherz, was willst du mehr?

    PAN AFRICAN MINING CORP. IDENTIFIES SEVEN NEW NICKEL LATERITE TARGETS IN MADAGASCAR


    Vancouver, British Columbia CANADA, March 03, 2008 /FSC/ - Pan African Mining Corp. (PAF - TSX Venture, P2A - FWB, PAFRF - OTCBB_Pink_Sheets), (the "Company") is pleased to announce that it has identified seven new nickel laterite targets within its license area in Madagascar. These targets were identified by the detailed analysis of recently flown airborne magnetic and radiometric surveys in conjunction with the processing of Landsat remote sensing data. Detailed analysis was performed by consulting geophysicists Patterson, Grant & Watson Ltd. of Toronto. Of the seven new targets, two have been identified by management as the highest priority for immediate exploration and potential development. These two targets cover areas of approximately 50 sq. km. and 35 sq. km., respectively.


    The purpose of the geophysical remote sensing study was to identify the geophysical characteristics that make up the signature over Sherritt International's multi-billion dollar Ambatovy nickel laterite project in Madagascar and to use this signature as a template to identify possible new nickel laterite deposits. The two highest priority targets exhibit classic Ambatovy-like geophysical signatures.


    Preparations are at an advanced stage for the detailed ground follow-up of the targets that will include mapping, sampling and auger drilling. This work is being undertaken by the Company's nickel exploration team under the direction of F. Roger Billinton, P.Geo. Roger was formerly the Manager of Nickel Laterite Exploration for Falconbridge Limited.


    On January 25, 2006, the Company earlier announced the discovery of a near-surface body of nickel laterite in Northern Madagascar. The oval-shaped ultramafic body is approximately 1000 m by 250 m. Grades from preliminary shallow auger drilling ranged from 0.5% to 2.6% Ni. However, management concluded that this deposit is not large enough on a stand alone basis to support commercial exploitation. Accordingly, the Company is now exploring for additional nickel laterite targets.


    Irwin Olian, CEO of the Company, adds "We are very excited about our new nickel laterite targets in Madagascar as they offer the potential to create additional critical mass for a commercial operation. Our exploratory team is being mobilized for an early start of work at the onset of the dry season in April."