Pancon definition

Pancon means Pancontinental Mining Limited, a company incorporated under the laws of the State of Queensland, Australia and any subsidiary company thereof (where ever incorporated) which holds shares in CMC;
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Examples of Pancon in a sentence

  • AuG is directly owned 51% by CMC and 49% by the Republic and CMC in turn is indirectly owned as to 50.1 % by UM and 49.9% by Pancon.

  • The alluvial operations referred to in recital B, proved to be unprofitable and UM decided to terminate them and in conjunction with Pancon, to dispose of CMC on the best available commercial terms.

  • By the Letter of Intent and in consideration of Concord undertaking to bear the costs of the Maintenance Program for six (6) months, UM agreed to negotiate and enter into an option agreement with Concord by 31 August 1992 providing an exclusive option in favour of Concord to acquire the entire issued share capital of CMC and the benefit of all of the shareholders loans made by UM and Pancon to CMC on the basic terms set out in Section B of the Letter of Intent and other customary provisions.

  • Pancon and UM have entered into a shareholder’s agreement (the “Shareholder’s Agreement”) of 6th July, 1988.