News Release:

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

June 25, 2008
SYMBOL: “MPN” on TSX-V

ANNUAL GENERAL MEETING AND CORPORATE UPDATE




June 25, 2008: Vancouver, British Columbia; MPAC Industries Corporation (“MPAC” or the “Company”) is pleased to provide its shareholders and the investment community with an update concerning the election of the new Board of Directors, the appointment of new Officers, and corporate developments. With the positive results from the testing of the technology imported into Turkey by the Company, the Executive Directors recommended that, in concert with this positive progress, that the Board of Directors should be expanded to reflect the task ahead as the Company moves from its startup to its development growth phase. To that end, the Company is pleased to advise that the shareholders, at its recent Annual General Meeting (the “AGM”) have agreed to expand the Board of Directors to seven (7) and have elected the following to the 2008/09 Board of Directors:

  • Blain Archer, CA is a new Director. Mr. Archer recently retired from the accounting firm that he co-founded and he will be chairing the Audit Committee;
  • Richard Allegretto, PEng. who has been a Director since 2005. Mr. Allegretto will continue to be a Member of the Audit Committee;
  • Barry Goff is a new Director with extensive experience in negotiations and he will be a Member of the Corporate Governance Committee;
  • J. Richard W. Hall who has been a Director since 1999 and Chair of the Audit Committee;
  • Firoz Lakhani who has been a Director since 2000. Mr. Lakhani will be a Member of the Corporate Governance Committee;
  • Leslie E. Maerov, LLB who is a new Director. Mr. Maerov has practiced corporate and commercial law and is the CEO of a publicly traded company. Mr. Maerov will be a Member and Chair of the Corporate Governance Committee; and
  • Dr. Richard W. Warren who has been a Director since 2004. Dr. Warren will continue as a Member of the Corporate Governance Committee.

After the AGM, and in recognition of MPAC moving from a concept venture to a revenue-generating development company, the new Board of Directors has decided to implement the following changes to the Executive:

  • J. Richard W. Hall is assuming the role of President & Chief Executive Officer, on an interim basis, due to Firoz Lakhani’s present health concerns and a family member’s health condition;
  • Leonard I. Goldsmith will continue in the role of Chief Financial Officer, despite stepping down from the Board of Directors this year; and
  • Leslie E. Maerov will assume the role of Corporate Secretary.

The Company is presently recruiting for an Investor Relations Officer.

The Company has formally advised the manufacturer of the coal refining plant (the “Plant”) crushing circuit that it has, contrary to the negotiated requirements, not met the specifications required to feed the balance of the Plant.

In order to achieve revenue generation from commercial production, MPAC has, after receiving engineering recommendations, formulated a plan to address the current constraints related primarily to the screening component of the Plant circuit.

The issue of the non-performance of the existing screens, as described in the Company’s News Release dated May 6, 2008 is anticipated to be resolved by adopting recommendations submitted to the Company.

In that regard, two different Turkish engineers have visited the Soma Plant and have made recommendations to MPAC. Their suggestions centre on how to address the screening issue and a solution has been put forward that employs the use of new screens that are guaranteed by the manufacturer to effectively screen pre and post refined coal. Consequently, the Company is planning to work with this Turkish engineering company to have the screens built and tested on site using coal
supplied by the mine owner (“E & E”).

After operating the Plant with the retrofitted screens and testing the refined coal produced, the engineering firm, subject to finalizing any agreement with MPAC, has verbally agreed to have the screens capacity tested and guarantees a minimum yield before MPAC will agree to purchasing the new screen equipment.

Upon completing the re-structuring of MPAC’s Board and the closing of the previously announced private placement, Company representatives will travel to Turkey to witness the trial run of the new screens. With the successful completion of the trial run of the new screens, MPAC has been advised that forty (40) tonnes per hour (per screen) of refined coal can be produced. With future cash flow, the
Company can then address achieving its target of one hundred (100) tonnes per hour of refined coal.

Recently, the Environment and Forestry Minister in Turkey reaffirmed his country’s determination to become a party to the Kyoto Protocol, which would create responsibilities for Turkey in 2012. The Company is of the view that this will create further opportunities under its business plan. According to TKI statistics, in 2005, Turkey imported 17.4 million tonnes of coal. Ten (10%) of this was petro- coke, which is high in sulphur. Clearly, this type of coal will have to be phased out under the Kyoto Protocol, putting further pressure on supplies of clean coal.

As the market for coal remains buoyant in Turkey, the Company has been approached by some large Turkish enterprises to consider working with them, on a collaborative basis, now that the Company’s refining concept has been proven. As circumstances warrant, MPAC will evaluate these additional opportunities.

The demand for domestically refined coal has been further accentuated by the current high oil prices, which have a direct effect on the transportation component of imported coal, and therefore its subsequent end pricing to the domestic market in Turkey,

The Company has worked with due caution and diligence in its effort to arrive at its present position. Once the aforementioned screening issues are satisfactorily rectified, MPAC can, other things being equal, look forward to commencing commercial production and delivering the shareholders a reward for their patience.

This News Release contains forward-looking statements, which are based on MPAC
Industries Corporation 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:
Firoz Lakhani, Director, at (604) 551-7697

BY THE ORDER OF THE BOARD
________________________________
J. Richard W. Hall
President and 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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