Asiapac Capital Services Inc.
AsiaPac Capital Services Reports Small Scale Mining to Begin at Toledo Coal Prospect
Asiapac Capital Services Inc. / Key word(s): Miscellaneous AsiaPac Capital Services Reports Small Scale Mining to Begin at Toledo Coal Prospect Toronto, Canada – (For immediate release) – August 1, 2011 AsiaPac Capital Services Ltd.: Deutsche Börse symbol: 5AP. (www.asiapaccapital.ca), through its wholly owned subsidiary; Asiapac Minerals Co. Ltd., announced today that a small scale mining permit has been issued to begin mining coal at the Core 8 Mining Corporation site at Toledo City in the Province of Cebu. This is the first step in bringing the mine site into full production, and will allow the Company to begin generating revenue from the site. The Company will also continue its longer term exploration and development efforts. AsiaPac has a 20% minority interest in Core 8 Mining Corporation. Disclaimer & Safe Harbor Statement: This release may contain certain 'forward-looking statements' with respect to certain of AsiaPac Capital Services Ltd.'s plans, goals and expectations regarding its future financial condition, performance, results, strategy and objectives. Words such as 'anticipates', 'expects', 'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could', 'would', 'might', 'will' and variations of these words or similar expressions are intended to identify forward-looking statements. In addition, any statements that refer to expectations, beliefs, plans, projections, objections, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements in this press release are not promises or guarantees of future performance and are subject to risks and uncertainties that could cause AsiaPac Capital Services Ltd.'s actual results to differ materially from those anticipated. AsiaPac Capital Services Ltd. cautions the reader not to place undue reliance upon any such forward-looking statements. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed herein as well as the following: (i) domestic and global economic and business conditions; (ii) market related risks and the performance of financial markets generally; (iii) the policies and actions of regulatory authorities; (iv) the impact of competitive factors; (v) risks and uncertainties associated with future acquisitions or combinations within relevant industries; and (vi) changes in capital, solvency or accounting standards as well as tax and other relevant legislation or regulations in the jurisdictions in which AsiaPac Capital Services Ltd. operates. The actual results that AsiaPac Capital Services Ltd. achieves may differ materially from any forward-looking statements which are based on management's beliefs and opinions at the time the statements are made. AsiaPac Capital Services Ltd. does not undertake any obligation to update forward-looking statements should circumstances or management's beliefs or opinions change.
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