One of the companies acquired by Pansoft, Hefei Langji Technology, is the leading HR solution provider to China’s coal-mining industry. Shanghai Zhongrui is Shanghai-based sales and marketing arm of Langji. It will remain Langji’s subsidiary and will focus on small and medium-sized companies in other industries.

A part of the acquisition consideration will be paid from shares repurchased by Pansoft on the open market. As of September 15, 2011, Pansoft had repurchased more than 157,000 of its common shares, which will be used to fund the acquisition.

The BVI company has received commitments to subscribe for 100,142,670 new ordinary shares to raise approximately £50.1 million. Additionally, Chaarat has received commitments to subscribe for 3,147,798 new ordinary shares through direct subscriptions.

Chaarat Gold Holdings is currently in the process of compiling a Definitive Feasibility Study for the Tulkubash Project and a Pre-Feasibility study on the much larger Kiziltash project in the Kyrgyz Republic, and significant part of the net proceeds of the fundraising will be deployed towards developing the required infrastructure for both projects.

The subscription shares will represent approximately 2.1 per cent of the enlarged issued share capital of the company following First Admission, which will be 150,181,698 ordinary shares. The placing shares will represent approximately 40.0 per cent of the issued share capital of the BVI company following Second Admission, which will be 250,324,368 ordinary shares.

The subscription price is Cdn$3.90, representing a 11% discount to the closing price of the Class B shares on 14 June, 2010, which was Cdn$4.40.

The completion of the rights issue is not conditional upon Orca Exploration receiving any minimum amount of subscriptions. According to the Chairman and CEO of the BVI company, the capital raised by the rights issue, along with cash coming from expanding Tanzanian operations, will be used to add value through the exploration prospects in the Elsa field offshore Italy and the other offshore Tanzania. The received funds will also strengthen company’s ability to take advantage of additional exploration and development opportunities.

Petaquilla Infraestructura Ltd. was incorporated in the British Virgin Islands for overseeing the construction, operation and management of infrastructure facilities needed for the development of the Petaquilla Mining District in Panama. The company is engaged in activities in the field of construction, power, and mining services.

BVI-based PQI has announced a private placement subscription of two million shares at CAD $1.00. After the closing of the private placement, PQI will have 52 million shares issued and outstanding and CAD $2 million in cash.

After closing the private placement and the completion of the arrangement, PTQ will retain between 12% and 23% of the issued shares of PQI; the PTQ shareholders will hold between 47% and 58% of the issued shares of the BVI company. PTQ also announced the sale of 28% of PQI.

The recent previous board meeting of Pansoft Company was held on December 13, 2008. Then, a three-year budget and multi-year plan for business expansion of the BVI company were approved. Executing the growth strategy, Pansoft should quickly scale up in the coming years and emerge as the predominant software solutions and services provider in China’s management software market.

The BVI company is planning to expand through organic growth as well as mergers and acquisitions. Pansoft will focus on expanding its project scope and service offerings to the subsidiaries of its large clients. Additionally, leveraging its business model, the BVI company is planning to launch similar solutions and services outside of the energy industry. Also, in the current favorable price environment, Pansoft is actively seeking attractive acquisition targets, to enter another high growth industry through mergers and acquisitions.

As a part of new strategy, Pansoft went on public trading at NASDAQ on January 23. Company’s management has scheduled several conferences with investors and analysts in the U.S. from January 23 to January 30, 2009 to present its business strategies.

The Chaarat project is situated in the Middle of the Tien Shan Mountains of the Kyrgyz Republic, which form part of the Tien Shan gold belt. Company’s exploration programme is aimed at increasing confidence levels in this resource. During 2008, the BVI company carried out 14,000 meters of drilling, the results of the year 2008 have all been received and a revised resource statement is being prepared by SRK, and is expected to be released in the beginning of 2009.

It is expected that these drilling results, along with the other results, already published during 2008, will add significantly to the current resource of 3.14 million ounces and improve the average grade of the resource. The new drilling results will be incorporated into the updated resource estimate, which is to be published in the beginning of 2009.

The complex $4 billion worth will occupy 200 hectares in the Border Economic Zone in Dong Thap province, 150 km west of Ho Chi Minh City. After the approval, the work on the project will start in 2009 and be completed by 2013. One of the proposed projects was building a casino and a helipad in the complex, but both these proposals were turned down by the province.

Huynh Van Sang, the director of the Planning and Investment Department of Dong Thap province, said that they are going to check the financial capability of Giant Group, which is the owner of the BVI company seeking to get the investment license. The Group is asked to send to the province the financial reports for the last three years as well as information about other projects they have invested in.

By words of Dang Van Hoang, director of Tourism Department of the province, this complex may contribute to the cross-border tourism activities between Vietnam and Cambodia.