Mr. Shating Shen, MBA Joins the Board of Directors of New Pacific Metals Corp.
Mar 27, 2008
VANCOUVER, BRITISH COLUMBIA - March 27, 2008 - the Board of Directors of New Pacific Metals Corp. (TSX-V: NUX) is pleased to announce that Mr. Shating Shen, MBA has accepted the position as a new Director of the Company.
Mr. Shating Shen, a former investment director of a well-known Chinese venture capital investment corporation, graduated from JiNan University with Master of Business Administration degree and an engineering degree. Mr. Shen is a prominent member of the Chinese Investment Community in the large industrial city of Guangzhou in Guangdong Province, China; the province where the Company's gold properties are located.
Mr. Shen has been one of the earliest explorers in the Chinese venture capital investment community. As a fund manager who supervised an extensive capital pool of RMB he has been exposed to many developing Chinese companies. He has participated in the incubation of over 60 companies and in the Initial Public Offering of various companies such as ZhuHai Vitop (HK listed), FengHua High Tech (China listed, 000636), GuangDong Techpool (HK reverse merger listed). He has been a director of more than 10 companies, and he held the chairman position in 5 companies.
To date Mr. Shen has been involved directly and indirectly in supervising an investment capital amount of close to 1 billion RMB. Through his involvement and experience he has developed many relationships with government officials, listed companies, high-level executives and notable overseas investment institutes.
The Company, subject to regulatory approval, has granted Mr. Shen a 200,000 incentive stock option exercisable at $1.85 for a period of five years and subject to a vesting period of 36 months.
For Further Information:
New Pacific Metals Corp.
Lou Duarte, Director
Phone: +1 (604) 633-1368
Fax: +1 (604) 669-9387
Email: [email protected]
Website: www.newpacificmetals.com
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