Paradigm Resource Management Corporation Completes Investment in Bullion Japan Inc. and Announces the Appointment of Shuichi Uda as Director
SAN FRANCISCO, Aug. 24, 2015 /PRNewswire/ -- Paradigm Resource Management Corporation (US OCTBB: PRDC) ("Paradigm Resource" or the "Company"), a diversified asset management company with focus in the commodities, real estate and technology sectors, announces a second USD 100,000 bond investment in Bullion Japan Inc., an online-based trading platform for gold and silver bullions ("Bullion Japan"). This bond completes a total investment of USD 200,000 comprised of two corporate bonds ("BV Bonds") of USD 100,000 each, the first of which was paid in June 2015, as previously announced on July 22nd, 2015.
Bullion Japan acts as the exclusive Japanese operator of Bullion Vault, a service owned by Galmarley Limited headquartered in the United Kingdom, and is majority-owned and operated by Dragoon Capital Inc., a full-service investment bank based in Tokyo, Japan.
The BV Bonds are denominated in US Dollars with 8% annual coupon and quarterly interest payments over a two-year period. Additionally, in connection with the BV Bonds agreement, Paradigm Resource and Bullion Japan have entered into a Security Pledge Agreement, whereby the Company has security interests in twenty five percent (25%) of the common shares of Bullion Japan, subject to anti-dilution provisions throughout the term of the BV Bonds.
Additionally, Paradigm Resource is pleased to announce the appointment of Mr. Shuichi Uda as the Company´s new Director. Mr. Uda is the founder and CEO of Dragoon Capital Inc, a full service investment-banking firm (Japanese Financial Service Agency License No. 1032) headquartered in Tokyo, Japan, providing financial solutions to institutional investors and corporate clients throughout the world. Founded in 2003, Dragoon has been successful in sourcing emerging growth companies in Japan, Asia, United States and Canada to investors worldwide.
Mr. Shuichi joined Silvertail in England, where he worked on project finance for listed companies in the London AIM exchange. Thereafter Mr. Shuichi set up and managed MF/CTA funds and arrived at his current occupation through his work as Chief Consultant for Funai Consulting Co., Ltd. before founding Dragoon Capital in Tokyo.
Mr. Shuichi stated: "I am delighted to accept this responsibility with Paradigm Resource and am also grateful to the board and shareholders for granting me this opportunity. The Company's focus on those utmost promising sectors such as commodities, real estate and technology, combined with a team of highly skilled and motivated professionals offer not only an exciting working environment, but also outstanding prospects for all our stakeholders."
About Bullion Japan Inc.
Bullion Japan Inc. is the exclusive Japanese operator of Bullion Vault and is the first online-based gold and silver bullion trading platform provider in Japan, allowing retail investors to trade precious metal bullions in Japanese Yen at competitive trading costs. Bullion Japan Inc. is a subsidiary of Dragoon Capital Inc., a full-service Japanese investment bank based on Tokyo, Japan.
About Bullion Vault
Bullion Vault is an internet peer-to-peer gold-and-silver-bullion exchange formed in 2005. Their headquarters are in London, United Kingdom. Founded in 2005, BullionVault is the sole operating business of Galmarley Ltd. Its shareholders include the World Gold Council and Augmentum Capital, which is backed solely by RIT Capital Partners, the FTSE-listed investment trust in which Lord Rothschild and the Rothschild family are substantial investors. As of February 2015, more than 55,000 people have used BullionVault to buy, store and trade physical gold and silver. Between them, they owned $1.3 billion worth of gold bullion more than is held by most of the world's central banks - plus a further $270m in physical silver.
About Paradigm Resource Management Corporation
Paradigm Resource Management Corporation is an asset management company that is pursuing opportunities for investment targets in the commodities, real estate and technology sectors. The company seeks to make investments in the form of straight bonds, convertible bonds or preferred or common equity. For further information, please go to www.paradigm-resource.com.
Forward-Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on Paradigm Resource Management Corporation predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, changes in metal prices, the ability to successfully fund any exploration activities, consumer and business consumption habits, the ability to fund operations and other factors over which Paradigm Resource Management Corporation has little or no control. Such forward-looking statements are made only as of the date of this release, and Paradigm Resource Management Corporation assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in Paradigm Resource Management Corporation Form 10-K for its fiscal year ended September 30, and other documents filed from time to time by Paradigm Resource Management Corporation with the Securities and Exchange Commission.
CONTACT:
Mathieu Landry-Girouard
Tel: +1-418-956-6733
Email: [email protected]
SOURCE Paradigm Resource Management Corporation
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