The company successfully developed the rich placer free-gold site at Binasan where the Higaonon Indigenous Tribes are now working harmoniously together for further development of the site under the guidance of PAIM, which receives a 4% share of the gold harvest.
PAIM entered into a Memorandum of Understanding (MOU) to formalize the proposed role of Austin and Clare Aslan from the United States as environmental consultants in furtherance of ZNext's mission to engage in environmentally sound practices while contributing to a sustainable local economy, key elements of ethical and responsible gold mining at the Binasan and all other future gold projects.
Based on these initial results and further evaluation of the site, PAIM has terminated this venture.
The company undertook the second phase of reorganization, a mandatory recall of all issued Convertible Debentures in exchange for Common Shares of PAIM and a 7,000,000 to 1 Reverse Split on Preferred Shares (Symbol: PAIMP), thereby reducing to 6,000,000 the public float of the Preferred.
GANGO GOLD RUSH-Bukidnon: The joint participation efforts between Pearl Asian's Golden Dream Team and OROGAPCO's local small scale operators, a common livelihood in Gango, Bukidnon, have brought significant enhancements for PAIM to start processing, producing and expanding.
This finalizes one of the last requirements in order to complete the up listing of PAIM to a higher exchange.
PAIM is doing its utmost caution and care for the environment as Pearl Asian's Management will do the best they can to use all other alternative method of gold processing in replacement to the toxic mercury commonly used by the natives and majority of the small scale operators.
The performance- and revenue-oriented with no-nonsense work ethics management style of CEO Jason Piamonte had replaced the former management of PAIM
with a more dedicated, committed, honest and loyal Golden Dream Team
As soon as our Transfer Agent receives all the CD's for conversion, the new public float for our common share PAIM will increase by about 1.
The Board of Directors of Pearl Asian Mining Industries has resolved to effect these final changes so that our company's objective to list both PAIM and PAIIP in a higher exchange will be accomplished in a timely manner.
It was also informed that somehow a mysterious Marian Arroyo Escudero has been sending e-mails and messages to PAIM
employees and various shareholders with false allegations against PAIM
and posting derogatory information to undermine the integrity of Pearl Asian Mining.
Pearl Asian Mining - PAIM
continues to rehabilitate the tunnels simultaneously while the 50 metric tons of gold processing plant is being built and re-furbished as targeted," quoted by President of Mindanao Operations, Manolo Tecson.