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Persistence Gold Group Ltd — Capital/Financing Update 2007
Mar 12, 2007
50623_rns_2007-03-12_1ebfc72c-6486-429e-8114-e6e3d361ff21.pdf
Capital/Financing Update
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*APAC RESOURCES LIMITED ( )
(Incorporated in Bermuda with limited liability)
(Stock code: 1104)
ANNOUNCEMENT
This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
The Directors (the “Directors”) of APAC Resources Limited (the “Company”) have noted today’s increase in the price and trading volume of the shares of the Company (the “Shares”) and the Directors wish to state that the Directors are not aware of any reasons for such increase save as the Company is conducting preliminary negotiation with certain party(ies) on proposed subscription of certain securities (the “Proposed Subscription”) in the resources industry, apart from the acquisitions made and to be made as announced on 16 February 2007 and 6 March 2007. The Proposed Subscription may or may not proceed.
The Directors confirm that save as the above-mentioned, there are no negotiations or agreement relating to intended acquisitions or realisations which are discloseable under Rule 13.23 of the Ruling Governing the Listing of Securities on the Stock Exchange (the “Listing Rules”), neither are the Directors aware of any matter discloseable under the general obligation imposed by Rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.
Made by the order of board of the Company, the Directors of which individually and jointly accept responsibility for the accuracy of this announcement.
By Order of the Board APAC RESOURCES LIMITED Yue Jialin Chairman
Hong Kong, 12 March 2007
As at the date of this announcement, the board of Directors comprises Mr. Yue Jialin (Chairman), Mr. Lau Yau Cheung (Chief Executive Officer), Mr. Michael Joseph Bogue being the executive Directors and Mr. Wong Wing Kuen, Albert, Mr. Tsui Robert Che Kwong and Mr. Yang Weiming being the independent non-executive Directors.
* For identification purpose only
Please also refer to the published version of this announcement in The Standard.
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