Home News PRESS RELEASE: Pan Asia Corporation Limited.: APPOINTMENT OF THE CHAIRMAN DOMENIC MARTINO

PRESS RELEASE: Pan Asia Corporation Limited.: APPOINTMENT OF THE CHAIRMAN DOMENIC MARTINO

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Release of a Corporate News, transmitted by DGAP – a company of EquityStory AG. For the content of Communication is the issuer / publisher responsible.
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29. January 2010
The Manager Company Announcements Platform Australian Securities Exchange Exchange Plaza, 2 The Esplanade PERTH WA 6000
APPOINTMENT OF CHAIRMAN TO DOMENIC MARTINO
Dear Shareholders,
the directors of Pan Asia Corporation Ltd. (the ‘Company’; ASX: PZC) are pleased to inform you that Mr.. Domenic Martino after the completion of the proposed acquisition of Innovation West Pty. Ltd. will join the board as chairman.
Domenic brings a comprehensive trade and financial network in the Companies which, in his decades of experience Top positions in international business is resources. Among other things, He served as CEO of Deloitte Australia and as Chairman of Sydney Gas operates and to his current board positions include a number of major resource companies.
Domenic has focused on successful Turnaround-/Startup-Situationen specializes in this regard and has one strong track record on. His joining the company is a Key aspect for the implementation of the major growth plans Company.
It is planned that Domenic on the Board by an Indonesian Representative of one of the largest projects, which included supported is.
The legal due diligence with regard to the package of assets acquired is thoroughly performed. This includes visits to many groups for legal Experts at each site and the conclusion of an inquiry at a Variety of agencies. While, this process has been already preliminary exploration work on some projects initiated. The company expects to soon present further Provide information.
The CEO Alan Hopkins said: ‘Domenics joining the Board is a major success for us. His extensive Asia will experience with the company during this Period of rapid growth, a particularly important advantage . constitute ‘
Sincerely,
ALAN G. Hopkins Chief Executive Officer
About Asia Corporation Limited
Pan Asia Corporation Limited is a thriving, broad – diversified resources company, which listed on the Australian Securities Exchange is listed with offices in Perth (Australia) and Jakarta (Indonesia) has.
The company has set itself the target of a major Suppliers of key ingredients in the emerging Asian Markets, and with respect to its due diligence and Requirements for approvals by authorities and shareholders for the acquisition of a number of major coal and Manganese deposits in Indonesia is well advanced. This wide-ranging Investment portfolio includes projects in the exploration and production phase as well significant opportunities to participate in important Infrastructure projects, which the existing coal operations of the company are complementary.
The evaluation and development of the current asset portfolio forms in combination with new opportunities arising from a revealed strong network of local partners, the basis for Pan Asias Goal within the next three years to become a leading Companies in the coal and manganese in Indonesia to be. A comprehensive international financial network represents the company to support for its ambitious growth plans ready.
01.02.2010 Ad-hoc news, financial news and Press releases transmitted by DGAP. Media archive at http://www.dgap-medientreff.de and http://www.dgap.de
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Company Name: Pan Asia Corporation Limited.; Country: Australia; VWD Selectors: 1C;