Pan Pacific Aggregates PLC
11 January 2006
For immediate release: 11 January 2006
PAN PACIFIC AGGREGATES PLC
Signing of Participation Agreement
Sechelt, B.C. Pan Pacific Aggregates plc ('PPA') and the shishalh Nation
(Sechelt Indian Band) today announced the signing of a Participation Agreement
that establishes a framework for implementation of their Memorandum of
Understanding signed last October. The Participation Agreement (PA) also paves
the way to develop the process for future discussions.
On October 14th, 2005, PPA and the Sechelt Indian Band signed a Memorandum of
Understanding that set the foundation for discussions regarding the development
of joint business opportunities, related to PPA's proposed mining developments
within Sechelt Indian Band territory on the Sechelt Peninsula. 'The signing of
the Participation Agreement reinforces the commitment of both the Sechelt Indian
Band and PPA as we seek opportunities that will garner social and economic
benefits.' said Sechelt Indian Band Chief Stan Dixon.
Chief Dixon also said ' It has established a business to business relationship
that reimburses the Sechelt Indian Band's constitution exercise toward a mutual
benefit that sets a pattern for understanding our Aboriginal Rights and Title.
Furthermore, the Participation Agreement will facilitate the preliminary
assessment of the potential impacts that PPA's proposed project may have upon
shishalh Nation rights and title.'
'The Participation Agreement is an important and significant step for both
parties.' said Don Nicholson, PPA's Chairman and CEO. 'It reflects our
commitment and further reinforces the principles of mutual respect necessary for
a potential working relationship between PPA and the Sechelt Indian Band.'
PPA is a publicly traded, asset holding company registered in the United
Kingdom. The assets of the Company include: Pan Pacific Aggregates Ltd., a
wholly owned subsidiary incorporated in British Columbia, Canada in November
2004; Consolidated Tri-Sil Minerals Inc., acquired in January 2005 (97.3 percent
of the share capital); and Global Industrial Services Canada Inc. acquired in
March 2005 (100 per cent of the share capital). PPA's proposed mining operations
on the Sechelt Peninsula are within the territory of the Sechelt Indian Band.
PPA is committed to building a strong long-term relationship with the Sechelt
Don Nicholson, Chairman and CEO 001 604 637 7581
Alan Whitehead, COO 001 604 637 7581
William Voaden, Non-Executive Director 020 7628 3989
Louis Castro/Alex Collins, Insinger de Beaufort 020 7190 7000
Simon Rothschild, Bankside Consultants 020 7367 8871/07703 167 065
This information is provided by RNS
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