News Release:

Download PDF version MPAC INDUSTRIES CORP.
Suite 508 - 4438 West 10 th Avenue
Vancouver, B.C.
V6R 4R8

November 5, 2007
SYMBOL: “MPN” on TSX-V

CORPORATE UPDATE AND PROJECT STATUS AT SOMA MINE



November 5, 2007: Vancouver, British Columbia – MPAC Industries Corp. (the “Company” or “MPAC”) is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine (the “Coal Mine”).

The required improvements to the leased site (“Leased Site”) in Soma have now been substantially completed to the satisfaction of the Company. These improvements were performed “on time and on budget”.

The trucks transporting the various pieces of plant equipment continue to arrive in Soma, with the last of these expected at the Leased Site during this week. The coal- crushing component of the plant has been acquired by way of an all-inclusive “turnkey” purchase agreement whereby the supplier/manufacturer assumes the responsibility for all of the set-up, commissioning, testing, and required staff training for this specialized circuit prior to MPAC taking title and prior to MPAC making the final progress payment. The sign-over of the crushing circuit is scheduled for the week of November 12, 2007 or shortly thereafter.

All of the coal refining equipment is scheduled to be set-up and installed in Soma over the course of the next ten (10) days including the required water and electrical hook-ups.

Travel arrangements have been finalized for two (2) of the senior management of the Company to attend the Soma Leased Site to complete the commissioning and the initial testing of the entire coal refining plant (the “Plant”). Arrangements for an operational consultant from Canada to be on travel stand-by have also been made allowing management to perform the final commissioning and initial testing while engaging the consultant on an “as required” basis.

According to the Company’s Start Up Business Plan, full commercial production at the Leased Site continues to be expected to ramp-up from late November of 2007, attaining targeted minimum daily and monthly tonnages by the end of December of 2007 or soon thereafter.

MPAC also wishes to advise that further to the News Release of July 3, 2007, the Company has successfully completed all of the filings relating to the transfer of all of the previous value-added tax (“VAT”) exemptions and other concessions from Tokat / Zile to Soma. The official approval of this transfer is expected shortly.

This news release contains forward-looking statements, which are based on MPAC
Industries’ current internal expectations, estimates, projections, assumptions and
beliefs, which may prove to be incorrect. The forward-looking statements are not
guarantees of future performances and undue reliance should not be placed on
them. Actual results may differ materially as a result of any number of factors and
uncertainties, many of which factors are beyond the Company’s control. MPAC
Industries Corporation undertakes no obligation to revise any forward-looking
statements except as required by applicable securities laws.

For further corporate information, please contact:
J. Richard W. Hall, Investor Relations at (604) 644-2244

ON BEHALF OF THE BOARD OF DIRECTORS:

____________________________________

Firoz Lakhani
President & CEO

The TSX Venture Exchange neither approved nor disapproved the contents of this news
release. The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this news release.

 


Untitled Document

News Releases

• June 1, 2009
MPAC would like to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey and the next steps that the Company anticipates.
(Read More...)
• March 16, 2009
MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey.
(Read More...)
• January 14, 2009
MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey.
(Read More...)
• December 03, 2008
MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey.
(Read More...)
• October 14, 2008
MPAC is pleased to announce that it has concluded negotiations for a non-brokered private placement of a maximum of 1,500,000 units (the “Offering”) at a price of $0.05 (five cents) per unit.
(Read More...)
• September 30, 2008

MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey.
(Read More...)

• September 11, 2008
MPAC is pleased to provide its shareholders and the investment community with a corporate update concerning the coal refining pilot plant (the “Pilot Plant”) located in the City of Soma in Turkey and the next steps that the Company anticipates.
(Read More...)
• August 5, 2008
MPAC is pleased to provide its shareholders and the investment community with an update regarding the coal refining pilot plant...
(Read More...)
• August 5, 2008
MPAC announces that, further to its News Release of June 23, 2008, pursuant to the conditional acceptance from the Exchange received May 26, 2008, it has closed the non-brokered private placement...
(Read More...)
• June25, 2008
MPAC is pleased to provide its shareholders and the investment community with an update concerning the election of the new Board of Directors...
(Read More...)
• June23, 2008
MPAC wishes to advise its shareholders and the investment community that the Exchange has granted a forty-five (45) day extension...
(Read More...)
• June23, 2008
MPAC announces that, under it’s stock option plan, it has granted incentive stock options to directors, officers, and/or consultants...
(Read More...)
• May 6, 2008
MPAC is pleased to provide its shareholders and the investment community an update regarding the coal refining pilot plant (the “Plant”) located in the City of Soma in Turkey.
(Read More...)
• April 4, 2008
MPAC is pleased to provide its shareholders and the investment community an update regarding the Soma coal refining Pilot Plant...
(Read More...)
• March 31, 2008
MPAC announces that, under it’s stock option plan, it has granted incentive stock options to directors, officers, and/or consultants of the Company...
(Read More...)
• March 11, 2008
MPAC is pleased to announce the commencement of limited commercial production at the coal refining plant (the “Plant”) located on the leased site (the “Leased Site”) in Soma, Turkey.
(Read More...)
• February 18, 2008
MPAC announces that, further to its News Release of January 28, 2008, the Company, has closed its Non-Brokered Private Placement (the “Placement”) comprised of 1,815,000 units with twenty (20) placees at a price of $0.13 per unit.
(Read More...)
• February 14, 2008
MPAC is pleased to provide its shareholders and the investment community of the following up-date concerning the Soma coal refining plant (the “Plant”) on the leased site (the “Leased Site”) located in the City of Soma in the western part of Turkey.
(Read More...)
• January 29, 2008
MPAC is pleased to release the results of two (2) of the test samples from the coal refining plant (the “Plant”) located on the leased site (the “Leased Site”) in Soma, Turkey. Further results from subsequent tests will be released as they become available.
(Read More...)
• January 28, 2008
MPAC is pleased to announce that it has concluded negotiations for a non-brokered private placement of a maximum of 1,500,000 units (the “Offering”) at a price of $0.13 (thirteen cents) per unit.
(Read More...)
• January 22, 2008
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal refining plant (Read More...)
• December 6, 2007
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma leased site (the “Leased Site”).
(Read more...)
• November 9, 2007
MPAC announces that, further to its News Releases of October 30, 2007 and November 6, 2007, the Company, pursuant to the Conditional Acceptance from the Exchange, has closed its Non-Brokered Private Placement (the “Placement”) comprised of 1,260,000 units with twelve (12) placees at a price of $0.14 per unit.
(Read More...)
• November 6, 2007
MPAC announces that, further to its News Release of October 30, 2007, the Company has increased the maximum offering of its Non-Brokered Private Placement from $154,000 (1,100,000 units) to $180,600 (1,290,000 units).
(Read More...)
• November 5, 2007
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine...
(Read More...)
• October 30, 2007
MPAC is pleased to announce that it has concluded negotiations for a non-brokered private placement of a maximum of 1,100,000 units (the “Offering”) at a price of $0.14 (fourteen cents) per unit.
(Read More...)
• October 24, 2007

MPAC has now entered into a binding lease agreement for the leased site in Soma as referred to in its News Release of October 22, 2007.
(Read More...)

• October 22, 2007
MPAC is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine...
(Read More...)
• September 17, 2007
MPAC Is pleased to advise its shareholders and the investment community of the following activities concerning the Soma coal mine.
(Read More...)
• August 30, 2007
MPAC announces that, under it’s stock option plan, it has granted incentive stock options..
(Read More...)
• August 21, 2007
MPAC is pleased to announce that, in keeping with its intent to initially concentrate its efforts to refine coal in the western part of Turkey, it has entered into a Memorandum of Understanding (the “MOU”) with the Yalvaç coal mine owner to refine their coal using the Company’s coal upgrading and refining
process.
(Read More...)
• August 4, 2007
MPAC announces that, further to its News Release of July 9, 2007, the Company has closed its Non-Brokered Private Placement comprised of 1,510,000 units with twenty-three (23) Placees at a price of $0.17 per unit.
(Read More...)
• July 30, 2007
MPAC is pleased to announce that it has secured the required promissory note (the “Note”) from E.E. Madencilik Dagitim Sanay Ticareti ve Pazarlama Ltd. Sti (“E&E”) in accordance with the terms of the recently announced definitive agreement (the “Agreement”) with E&E.
(Read More...)
• July 17, 2007
MPAC is pleased to announce that it has entered into a definitive agreement (the “Definitive Agreement”) with E.E.
(Read More..)
• July 9, 2007
MPAC is pleased to announce that it has re-priced its recently announced non-brokered private placement and adjusted the maximum number of units available for offer.
(Read More...)
• July 3, 2007

MPAC is pleased to announce that the Company has entered into a binding Memorandum of Understanding (the “MOU”) with the Soma coal mine owner to refine their coal using the Company’s coal upgrading and refining process.
(Read More...)

• June 20, 2007
MPAC is pleased to announce that the final testing of the coal refining pilot plant equipment (the “Equipment”) has been completed by the engineering staff from Turkey.
(Read More...)
• June 1, 2007
MPAC announces that, under it’s stock option plan, it has granted incentive stock options...
(Read More...)
• May 31, 2007
MPAC has filed its annual audited financial statements and management's discussion and analysis...
(Read More...)
• May 22, 2007
MPAC intends to implement accelerated exercise provisions on warrants issued in its November 30, 2006 non-brokered Private Placement...
(Read More...)
• May 11, 2007
MPAC announces that it has revised the scheduling of the planned testing of the Coal Refining Plant...
(Read More...)
• May 1, 2007
MPAC reports that it has been delayed in filing its Annual Audited Financial Statements and Annual Management Discussion & Analysis...
(Read More...)
• April 25, 2007
MPAC wishes to provide the following update to its activities in Turkey since the last News Release of March 26, 2007.
(Read More...)
• March 26, 2007
MPAC is pleased to advise that it has closed the previously announced Non-Brokered Private Placement...
(Read More...)
• March 5, 2007
MPAC is pleased to provide the following update to its activities in Turkey.
(Read More...)
• February 7, 2007
MPAC is pleased to provide the following update to its activities in Turkey.
(Read More...)
• January 4, 2007
MPAC is pleased to announce that the major components of the coal refining plant (the “Plant”) have arrived in Tokat / Zile and have been substantially installed.
(Read More...)
• December 7, 2006
MPAC signs additional MOUs
(Read More...)
• December 1, 2006
MPAC Industries grants stock options.
(Read More...)
• November 30, 2006
MPAC Industries close $75,000 private placement offering.
(Read More...)
• November 23, 2006
MPAC arranges up to a maximum of
$60,000 financing.
(Read More...)
• November 20, 2006
MPAC Industries Corp. is pleased to announce that the plant equipment has safely arrived at the port of Istanbul.
(Read More...)
• October 25, 2006
MPAC Industries Corp. is pleased to provide the following corporate update on its recent activities.
(Read More...)
• October 13, 2006
MPAC Industries Corp. Closes $405,000 Private Placement Offering.
(Read More...)
• October 13, 2006
MPAC grants stock options.
(Read More...)
• September 28, 2006
MPAC directors & officers exercise stock options.
(Read More...)
• September 21, 2006
MPAC is pleased to announce that it has entered into a definitive agreement (the Definitive Agreement”) with ALCE Cevre Teknigi Ltd.
(Read More...)
• September 13, 2006
MPAC is pleased to announce that the testing of the equipment that has beenmanufactured for MPAC has now been successfully concluded at the manufacturer’s plant.
(Read More...)
• August 28, 2006
MPAC is pleased to announce that it has concluded negations for a private placement of a maximum of 4,000,000 units...
(Read more...)
• August 23, 2006
MPAC is pleased to announce that it has completed its preliminary due diligence on the Tokat/Zile coal mine...
(Read More...)
• June 29, 2006
MPAC Industries Corp. announces that, under it’s stock option plan...
(Read More...)
• April 20, 2006
MPAC is pleased to provide the following corporate update of its activities...
(Read More...)
• January 11, 2006
MPAC is pleased to provide the following corporate update of its activities...
(Read More...)
• December 19, 2005
MPAC announces that, under its stock option plan, it has granted incentive stock options to directors...
(Read More...)
• November 21, 2005
Pursuant to the shareholder approval at the Company’s Annual General Meeting held on June 24, 2004, the Company has now issued a total of 500,000 ...
(Read More...)
• November 15 , 2005
MPAC is pleased to announce the closing of its private placement of 6,004,000 Units at $0.11 per Unit...
(Read More...)
• October 4, 2005
MPAC Industries Corp. (the “Company or “MPAC”) is pleased to announce that its shares will be reinstated for trading on NEX on October 5, 2005...
(Read more...)
• July 20, 2005
MPAC Industries Corporation (the "Company" or “MPAC”) is pleased to announce that First Associates Investments Inc. (“FAI”) of Calgary, Alberta has, subject to completion of satisfactory due diligence...
(Read more...)
• December 9, 2004
MPAC Industries Corp. (the “Company”
or “MPAC”) has signed a Heads of Agreement under a binding Memorandum of Understanding (the “MOU”) with Simsek Grubu...
(Read more...)

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