Pan African Mining Corp. to Be Acquired by Asia Thai Mining Co. Ltd.
Asia Thai Mining Co. Ltd. (ATM) of Thailand, through a wholly-owned subsidiary, entered into an agreement with Vancouver-based Pan African Mining Group Corp. (PAM) to offer to purchase all of the outstanding common shares of the PAM at the price of C$4 cash per share and all outstanding warrants and outstanding options for a price equal to the difference between C$4 and the exercise price of the respective warrant or option. The transaction is expected to close by May 31, 2008. PAM is an resource exploration company with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq. km. of uranium properties in Madagascar. ATM, directly and through affiliated companies, has experience in the development and operation of mining interests.Published: 15 Avril 2008
Information summarized from: Pan African Mining Group Corp. Press Release