Asset Acquisitions and Disposals::ACQUISITION OF 22.3% INTEREST IN SILVERMANE INVESTMENTS LIMITED

Issuer & Securities

Issuer/ Manager
ASIA-PACIFIC STRATEGIC INVESTMENTS LIMITED
Securities
ASIA-PACIFIC STRATEGIC INV LTD - SG2B89959318 - 5RA
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
10-Dec-2014 18:05:43
Status
New
Announcement Sub Title
ACQUISITION OF 22.3% INTEREST IN SILVERMANE INVESTMENTS LIMITED
Announcement Reference
SG141210OTHRRVCT
Submitted By (Co./ Ind. Name)
Dato Dr Choo Yeow Ming
Designation
Chairman & Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Asia-Pacific Strategic Investments Limited (the "Company") refers to its acquisition of 22.3% of the issued and paid-up share capital of Silvermane Investments Limited from Awang Ahmad Sah (the "Acquisition") and the announcement dated 10 December 2014 (the "Announcement") made by the Company in relation to the Acquisition. All capitalised terms used and not defined herein shall have the same meanings given to them in the Announcement.

Further to the Announcement, the Company wishes to clarify that there is a typographical error under paragraph 2.2 of the Announcement, in relation to the disclosure on the NPV of the Amayapampa Gold Project. The Company wishes to clarify that the NPV of the Amayapampa Gold Project is estimated to be between US$42 million and US$77 million according to the QPR, and NOT between S$42 million and S$77 million as stated in the Announcement.


BY ORDER OF THE BOARD
ASIA-PACIFIC STRATEGIC INVESTMENTS LIMITED

Dato Dr Choo Yeow Ming
Chief Executive Officer
10 December 2014


This announcement has been prepared by the Company and its contents have been reviewed by the Company s sponsor, Stamford Corporate Services Pte Ltd (the "Sponsor"), for compliance with the relevant rules of the SGX-ST. The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr. Ng Joo Khin.
Telephone number: 6389 3000 Email: jookhin.ng@stamfordlaw.com.sg