Premier Man. Share Discussion Threads

[share_shark] 29/3/2012 17:28

For immediate release: 29 March 2012



Premier Management Holdings plc

("Premier (BSE: PREMIER.BO - news) " or the "Company")

(to be renamed Premier Gold Resources plc)



Result of General Meeting and approval of Rule 9 Whitewash



Premier Management Holdings, the Central Asia (Other OTC: CSRUF.PK - news) -focused gold exploration and development company, is pleased to announce that all resolutions proposed at the General Meeting of the Company held today were duly passed.



In line with the Company's new strategy Shareholders approved the acquisition of the entire issued share capital of Central Asia Resources Limited (the "Acquisition") which brings with it the Company's first major gold exploration project, the Cholokkaindy licence, situated on the highly prospective Tien Shan Gold Belt in Kyrgyzstan.



Amongst the resolutions also passed was the approval by shareholders of a waiver by the Panel on Takeovers of the obligation to make a mandatory offer under Rule 9 that would otherwise have fallen on the concert party. The waiver was voted on a poll and 107,363,185 votes were cast in favour, with nil votes against. Following admission the concert party members will collectively be interested in 203,582,539 ordinary shares, representing 33.26 per cent. of the enlarged share capital of the Company.



Shareholders also approved the renaming of the Company as Premier Gold Resources plc.



The Acquisition will complete tomorrow subject to admission. Dealings in the ordinary shares and warrants of the Company will commence at 8am tomorrow.



Enquiries:




Premier Management Holdings Plc








Gerry Desler, Chairman


Tel: [phone]







Libertas Capital Corporate Finance Limited - Nominated Adviser








Thilo Hoffmann / Sandy Jamieson


Tel: [phone]







Rivington Street Corporate Finance - Broker








Jon Levinson


Tel: [phone]




M: Communications








Ben Simons / Maria Souvorov

[milste1] 14/3/2012 08:58

"The Board believes that there are attractive near term opportunities to acquire assets, either quoted or non-quoted, and through combining aligned businesses, to create value through a combination of revenue growth and synergistic cost savings."

Yes curious,could be an interesting 2012...

All the best

[napoleon111] 13/3/2012 21:36

aye, thought it might be worth a mention, cheer the ldp lot up :P
Always have been curious about the eua link here. well we will know more in a few weeks then

[milste1] 13/3/2012 18:33

Napoleon

I did see you post on the LDP board...Good to see some news on this one,I did post on the EUA board on the 9th March that news could be soon...post 1471.

Interesting times;-))))))))))

[milste1] 13/3/2012 16:54

Interesting...;-)

[napoleon111] 13/3/2012 15:47

The terms of the Cholokkaindy licence require a modest expenditure for 2012

always good to hear in these economic times

[napoleon111] 13/3/2012 15:46

could throw up numerous interesting deposits and loads

The Cholokkaindy Project was identified by Alji through regional assessment of more than 300 localities throughout northern Kyrgyzstan. The Cholokkaindy area has been known since 1923, when a local mining company carried out some exploration at Jarkonush, a prospect within the licence area. No details are available on this phase of mining. The Jarkonush area saw further activity between 1928 and 1931, when three exploration adits were developed, (7, 10 and 17m in length) and one inclined pit was excavated to a depth of 12 m. These adits traced numerous mineral seams, the majority of which are concentrated within a 100m by 1,000m zone and extend for dozens of metres at narrow widths but locally thicken up to 3-5 metres. Gold values recorded range from trace to 38.8 g/t and silver from 1.2 g/t to 900.2 g/t. The mineralisation comprises galena, sphalerite, chalcopyrite, hematite, pyrite, gold, secondary copper, lead and iron minerals. In 1936 Jarkonush was explored for tin, with samples returning up to 0.31 per cent. tin. In 1950 to 1951 detailed exploration, including mapping and limited trenching and underground exploration for uranium and base metals was conducted, with geophysics targeted at the identification of radioactive occurrences. In 1975, as part of regional work by the government, geological and geochemical surveys were completed that included the licence area. As a result of these various phases of exploration, several mineralized prospects were identified, namely, the Talbaital, Jarkonush, Aksaisky and Torsaisky prospects.

The Aksaisky prospect occurs within a 500 by 2,000 m zone containing mineral occurrences, anomalies in soils and heavy mineral concentrates represented by bismuthite, cassiterite and scheelite, all occur within this zone. A geochemical anomaly, 150-180m wide, extends about 1,000m along strike, comprising bismuth, tin, tungsten and beryllium values, indicative of granite-related pegmatitic mineralisation. Gold mineralisation is associated with shear zones in hornfelsed siliceous siltstones with disseminated copper-sulphide mineralisation. Gold values vary from 0.6 g/t to 10.0 g/t. Previous exploration at Torsaisky identified anomalies of gold and lead. A prospective area of 1,800 x 200m has been identified in hornfelsed siltstones. Gold is associated with quartz veins and quartz-carbonate brecciation and copper-sulphide mineralisation. Sulphides include bornite and chalcopyrite and abundant malachite occurs. Gold values are of the order of 1.0 to 2.0 g/t. Individual veins range from 6 to 120m along strike and from 0.4 to 0.9 m in width. Alji has not conducted work at Torsaisky under the Cholokkaindy Project Licence.

The main target within the Cholokkaindy Licence is the Talbaital prospect, a northwest trending zone 1200m long and 150 to 200m wide. Initial exploration work by Alji was conducted in late 2010, subsequent to the award of the Cholokkaindy Project Licence. The 2010 sampling programme at the Talbaital prospect yielded encouraging gold values and the 2011 trenching programme was extended in all directions.

[napoleon111] 13/3/2012 15:44

In addition to the Cholokkaindy Project, the Board is actively reviewing a number of other natural resource opportunities in the Kyrgyz Republic and the rest of Central Asia. The Directors believe that the Acquisition and other opportunities in the region will enable the Company to create value for Shareholders. Should there be future acquisitions of other licences additional capital may be required.

[napoleon111] 13/3/2012 15:43

what a brain fart lol!
Didnt tick the box when i read it first
Alji is also the registered holder of the Uzunbulak Project Licence. The Uzunbulak Project is located south of Lake Issyk-Kul and is an early stage exploration project for lithium. Preliminary work in 2011 confirmed the presence of anomalous lithium but the management of PAR has decided not to continue exploration work on this project, as it intends to concentrate on gold projects. PAR has entered into the Manas Put Option which gave it the right to transfer the Uzunbulak Project Licence to Manas, a company controlled by John McKeon, Mark Pearson and Dr Reza Tabrizi. Pursuant to the terms of the Manas Put Option, PAR elected on 1 January 2012 to transfer the Uzunbulak Project Licence to Manas.

[napoleon111] 13/3/2012 15:38

The Company will also acquire a controlling stake in the Uzunbulak Project, however, the Board has decided not to pursue this lithium exploration project which, subject to consent by the Mining Industry Regulator, will be transferred out of the Enlarged Group following Admission.

Transferred out, or sold?

[napoleon111] 13/3/2012 15:36

new website and name from 30th march, soon to be premier gold resources

[napoleon111] 13/3/2012 15:36

both buyt specifically the acquisition one (second one that is)

[enewman36] 13/3/2012 15:03

Which one, the first or second - I read both, it is interesting I must say....

[napoleon111] 13/3/2012 15:02

did anyone read the WHOLE rns? some interesting reading

[napoleon111] 13/3/2012 14:58

finally!! :)

[enewman36] 13/3/2012 14:54

Couldn't see if the EPIC has changed or not though....

[enewman36] 13/3/2012 14:50

So, 30th March it is then at long last, I was thinking that my so called "Investment" here was a write-off....interesting to see what price we open at.

[share_shark] 14/2/2012 07:37

Thanks cudman and Nap.

[napoleon111] 14/2/2012 07:34

still waiting then, sounds like they are almost there!

[cudman] 13/2/2012 15:44

Probably transferrance of shares between accounts or something SS.
Same happened on NGP this morning and there was a large movement on RAM too.
Could be someway connected to OCH....then again it might not.

[share_shark] 13/2/2012 12:27

My friend, hey there !. What are those buys and yet we are suspended ?.

[share_shark] 30/1/2012 16:51

Aye,Aye !. ;-)