Paradigm Resource's Investment Portfolio Company Signs Memorandum of
Understanding to Supply Radio Frequency-Plasma Technology
SAN FRANCISCO, Dec. 19, 2013
SAN FRANCISCO, Dec. 19, 2013 /PRNewswire/ -- Paradigm Resource Management
Corporation (OCTQB: PRDC) ("Paradigm Resource") today announced that TOSS
Plasma Technologies Limited ("TPT"), a Paradigm Resources investment
portfolio company, has signed a Memorandum of Understanding ("MOU") with
Harvests Holdings Co., Limited ("HHL"), a Taiwanese investment firm funded by
a NYSE-listed technology company, on the supply of Radio Frequency Plasma
systems for the extraction of precious metals in complex ores owned by HHL.
Paradigm Resource CEO, Ted Ozaki, said of the deal, "After announcing our
latest assay results dated November 11, 2013, from our Myanmar samples which
produced an astonishing 1,500% more yield versus traditional methods, (495
grams per metric ton versus 34 grams per metric ton of gold, pre plasma
application), we have been approached by other mining companies in the
industry wanting to learn more about our Toss Plasma technology."
"This MOU was the culmination of intensive discussions between the two sides
to pursue and structure a strategic business relationship with specific
objectives and milestones in the short, medium and long term," said TPT
Chairman Sam Shao.
Shao added, "There are four (4) phases to our business relationship with HHL,
signifying an increasing level of cooperation and financial commitment by
HHL.The four phases are:
1.Ore sample plasma processing and assay,
2.Value-added plasma processing of ore concentrates for a 3-month period
3.Turnkey plant sales and installations (2 locations)
4.Equity investment in TPT in the form of stock purchase
The total all-inclusive price for the two (2) RF Plasma turnkey plants shall
be of approximately US$15,000,000."
HHL is based in Taipei (Taiwan) with a portfolio of precious metal complex
ores under its control and management. HHL is funded by the investment arm of
a multi-national NYSE-listed technology company, for which details shall be
disclosed upon the execution of a final and definitive agreement for the
turnkey plant sales at the end of phase two.
About Paradigm Resource Management Corporation
Paradigm Resource Management Corporation is a publicly traded U.S. mining and
natural resource management company headquartered at San Francisco Bay Area in
California. The Company is currently pursuing opportunities for acquisition
targets in mining and natural resources with a focus on new technology and
applied materials. Paradigm Resource's commitment to asset growth and
increased shareholder value will be sustained by the development of highly
prospective projects and acquisition of viable resources.
About Toss Plasma Technologies Ltd.
TPT developed a breakthrough technology and processing system, using
ultra-temperature radio frequency plasma torch, to extract latent precious
metals from certain types of complex ores. For further information, please go
Except for statements of historical fact, this news release contains certain
"forward-looking statements" as defined by the Private Securities Litigation
Reform Act of 1995, including, without limitation expectations, beliefs, plans
and objectives regarding the development, use and marketability of products.
Such forward-looking statements are based on present circumstances and on
Paradigm Resource Management Corporation predictions with respect to events
that have not occurred, that may not occur, or that may occur with different
consequences and timing than those now assumed or anticipated. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors, and are not guarantees of future performance or results and
involve risks and uncertainties that could cause actual events or results to
differ materially from the events or results expressed or implied by such
forward-looking statements. Such factors include general economic and business
conditions, changes in metal prices, the ability to successfully fund any
exploration activities, consumer and business consumption habits, the ability
to fund operations and other factors over which Paradigm Resource Management
Corporation has little or no control. Such forward-looking statements are made
only as of the date of this release, and Paradigm Resource Management
Corporation assumes no obligation to update forward-looking statements to
reflect subsequent events or circumstances. Readers should not place undue
reliance on these forward-looking statements. Risks, uncertainties and other
factors are discussed in Paradigm Resource Management Corporation Form 10-K
for its fiscal year ended September 30, and other documents filed from time to
time by Paradigm Resource Management Corporation with the Securities and
Tony Heo, Vice President - Business Development
SOURCE Paradigm Resource Management Corporation
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