Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Pangang Group Key Development

I just noticed the “Key Developments” section of the Pangang Group page on the “Bloomberg Businessweek” website.

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=20357771


“Pangang Group Vanadium Titanium and Resources Co., Ltd., Special/Extraordinary Shareholders Meeting, Sep 25, 2014., at 14:50 China Standard Time. Agenda: To consider the registration and issuance of commercial papers; and to consider the company to provide financial aid to another company.”

I presume the nature of the “commercial papers” and the name of company that was to be provided “financial aid” are being kept out of the news media because there’s a related financial transaction that hasn’t been finalized yet. It’s possible Pangang Group cannot negotiate important financial transactions without a number of technical preapprovals from their shareholders beforehand.

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Oct 28, 2014 07:27AM
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