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Article: Pan Asia in pact with Eurogas Inc. to develop oil and gas in the Republic of Sakha.

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PR Newswire
Article date:
September 19, 2000
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VANCOUVER, Sept. 18 /PRNewswire/

- Pan Asia Mining Corp. (CDNX: PAR) is pleased to announce that it has entered into an agreement with EuroGas, Inc. (Frankfurt Stock Exchange : EUGF, Berlin Stock Exchange: EUGB, NASDAQ-OTC Bulletin Board: EUGS) of London, England and its wholly owned subsidiary, EuroGas GesmbH of Vienna, Austria ("EuroGas-Austria") whereby the Company has the option to purchase a 51% interest in EuroGas-Austria for a total purchase price of $3,000,000 payable in allotments of not less than $250,000 for a period of four (4) years. All of the funds will be spent on future exploration in Sakha. The Company has arranged financing for the purchase of ...

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