Padaeng Industry Plc (PDI) reported that in January 17, 1997, the company has signed a contract to explore a gold mine with Millenium Gold Corporation (MGC) of Canada in the first section in Leay Province and nearby. And Phakham Exploration and Mining Co.,Ltd, a wholly-owned subsidiary, received exploration right. MGC will start exploring for gold for 2 years at the cost of Bt40 million and will expand the exploration to Thai and Asian region. The company has received 750,000 shares of MGC or 10.11% of the total worth C$0.24 million or Bt4.5 million. Anyway, the transaction does not fall to any category of the SET concerning concepts, procedures, and disclosure of the acquisition or disposition of the listed company's assets. The size of transaction was calculated by using figures from the reviewed financial statement as of September 30, 1996 and came to 0.07% of the company's total assets. Translated by the Nation