Pan Asia Corporation Ltd.
Pan Asia Corporation Ltd.: EXCLUSIVE MARKETING AGREEMENT SIGNED WITH ROCKFIELD RESOURCES
Pan Asia Corporation Ltd. / Contract 04.05.2010 10:07 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Dear Shareholders EXCLUSIVE MARKETING AGREEMENT SIGNED WITH ROCKFIELD RESOURCES The Directors of Pan Asia Corporation Ltd (the 'Company'; ASX: PZC) are pleased to announce that the Company has entered into an exclusive agreement with Rockfield Resources ('Rockfield') to market and sell thermal coal and other commodities on behalf of the Company. The agreement's sole exclusion is coal from the TCM project, in relation to which the Company may enter into separate off-take arrangements upon completion of the Innovation West acquisition. CEO of Rockfield Resources, Pascal Skelin said 'Pan Asia is uniquely positioned to deliver much needed resources to a growing market. We are excited by what Pan Asia has to offer through the mines and exploration tenements which it stands to acquire interests in and we look forward to a long and fruitful relationship as the Company expands its capabilities. We strongly believe that with Pan Asia's 20 years plus experience in Indonesia and Asia, along with their professionalism, logistics expertise and technical skills, we will create an effective, quality controlled, long term supply chain of commodities to our global clients.' CEO Alan Hopkins added 'This is a great development. It allows our Company to squarely focus on fast tracking our operations with a view to becoming a major player in the Indonesian market.' Yours faithfully ALAN G. HOPKINS Chief Executive Officer About Pan Asia Corporation Limited Pan Asia Corporation Limited is a rapidly growing diversified resources company primary listed on the Australian Securities Exchange and secondary listed on the Frankfurt Stock Exchange and with offices in Perth and Sydney, Australia and Jakarta, Indonesia. The Company aims to be a major supplier of key resources into the expanding Asian markets and is well advanced in its due diligence and requirements for regulatory and shareholder approval for the acquisition of a number of significant coal and manganese assets in Indonesia. This diversified portfolio of assets includes projects in both production and exploration stages as well as a significant opportunity to participate in commodity trading which will complement these projects. The evaluation and development of the current suite of assets in addition to new opportunities that arise from a strong local partner network will be the foundation for the Company's aim to become a top tier coal and manganese company in Indonesia over the next three years. An extensive international financial network provides support for the Company's rapid growth plans. About Rockfield Resources The principals of Rockfield have extensive experience in mergers, acquisitions and structured financing of resource-related opportunities as well as in the marketing of coal and ferrous and non-ferrous metals. Rockfield will focus on assisting the Company in the marketing and, where required, the financing of their projects in order to fast-track and expand production to yield further output for Rockfield's clients. Rockfield has well-established relationships and clientele which include provincial governments, power stations, steel mills and various buyers of resources throughout China, Japan, India and Korea who have strong current demand for the Company's products. 04.05.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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