News Release:

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

July 30, 2007
SYMBOL: “MPN” on TSX-V

CORPORATE UPDATE AND WORK STATUS AT SOMA MINE



July 30, 2007: Vancouver, British Columbia – MPAC Industries Corp. (the “Company” or “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.

The Note is in the amount of two (2) million US Dollars as called for in the Agreement, and guarantees the future payments from E&E for the delivery of refined coal.

MPAC has now taken possession of the selected site (the “Site”) on the coal mine (the “Coal Mine”) and will shortly begin the Site preparation for the installation of its Coal Refining Plant (the “Plant”).

The Company has reviewed several proposals for the coal preparation and crushing equipment required, and has now selected the manufacturer for the same and intends to place this order shortly. Other contracts for the remainder of the Plant circuit are being reviewed and are intended to be let in an orderly manner. Certain equipment from the pilot plant will be incorporated into the circuit where possible, while other (surplus) pilot equipment will be either stored for future expansion or sold.

Barring any unforeseen eventualities, the Company’s start up phase and timelines advancing into commercial production continue to fit comfortably within the schedule set by MPAC.

The Company would also like to make the following observation to its shareholders: The Soma mine has been in operation for a number of years and has held its coal mining license in good standing since 1996. The license has been successfully renewed every year since its grant, with the current year’s license having just been renewed in June 2007.

The situation that MPAC encountered in Tokat / Zile appears now to be shared by other Canadian companies who are, or were also attempting to bring mining ventures into commercial production for the first time under a new grant of mining license. Fortunately, this is not the case for the Soma mine, as this particular mining operation has been in good standing for the past eleven years.

Our shareholders should also be cognizant of the fact that Turkey’s mining laws have changed only some five years ago – becoming more accommodating to foreign companies. With Turkey’s pending application to become a member of the European Union (“EU”), many of the Turkish rules and regulations are constantly being reviewed and amended to ensure their accord with those of the EU. This is particularly true for new ventures, which cannot avail themselves of any grandfathering rules.

The Company has been very aware of the learning curve involved in Turkey, and for any company that ventures into a foreign country, and MPAC has repeatedly made this known to its shareholders in its News Releases and MD&A filings.

Being mindful of this, and now that MPAC carries a seal of credibility in Turkey for its Coal Refining technology, the Company’s preference is to only, for the near term, seek out currently operating coal mines in Western Turkey for future expansion.

 

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

For further corporate information, please contact:
RICHARD HALL, Investor Relations at (604) 644-2244

BY THE ORDER OF THE BOARD
________________________________
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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