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TSX-V : NUX | 9/5/2010 1:31:07 AM ET |  |
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New Pacific Metals Corp. is a Canadian-based advanced junior gold exploration company engaged in the exploration and development of gold-polymetallic projects. Silvercorp Metals Inc. (TSX: SVM), the primary silver producer in China, is the major shareholder with an interest of 23%. The company's current projects include the Huaiji Gold Project in China and in June, 2010 it has staked the Eva Lake Property of 260 km2 in British Columbia. With $10 million in working capital, no debt, and experienced management, the company is well positioned to build shareholder value through discovery and resource development. | |
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News Release | |
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News Release: 2010 Jun 14, 2010 New Pacific Metals Corp. Announces the Appointment of President – Dr. Rui Feng VANCOUVER, BRITISH COLUMBIA - (JUNE 14, 2010) - New Pacific Metals Corp. (the "Company") is pleased to announce the appointment of Dr. Rui Feng as its President. Dr. Feng obtained his Ph.D. in Geological Sciences from the University of Saskatchewan, Canada, in 1992. Since 1994, Dr. Feng founded several junior Canadian mining/exploration companies with a business focus in China. Currently, Dr. Feng is the Chairman and Chief Executive Officer of Silvercorp Metals Inc. (NYSE/TSX: SVM). The Company has granted a total of 1.57 million shares of incentive stock options to directors, officers, employees and consultants of the Company, subject to regulatory approval. The options are exercisable at $0.65 with a term of five years, and are subject to a vesting period of 48 months. The shares issuable under the options are subject to a hold period expiring October 15, 2010. About New Pacific Metals Corp. New Pacific Metals Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties. The Company is actively seeking out acquisition projects in China and other jurisdictions, while exploring for gold-poly-metallic projects in China. For Further Information: New Pacific Metals Corp. Ivy Li, Investor Relations Phone: +1 (604) 633-1368 Fax: +1 (604) 669-9387 Email: info@newpacificmetals.com Website: www.newpacificmetals.com The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.  Download News Release (PDF: 57KB) |
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Copyright © 2010 New Pacific Metals Corp. All rights reserved. | |
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