ParaFin Negotiating to Monetize US$1.6 Billion ING Bank N.V. Bearer Bonds
27 Abril 2012 - 8:00AM
ParaFin Corporation (Pink Sheets:PFNO): ParaFin
Corporation owns 800 Series FF ING Bank N.V. 5.5% June 16, 2010
€1,000,000 Bearer Bonds issued June 16, 2000.
To finance acquisitions and hydrocarbon exploration in the
U.S.A., representatives of ParaFin Corporation, have been actively
negotiating with financial institutions to monetize the 800 Series
FF ING BANK N.V. 5.5% June 16, 2010 €1,000,000 Bearer Bonds. The
value of the 800 Series FF ING Bank N.V. Bearer Bonds owned by
ParaFin is in excess of US$1.6 Billion. The first admission by ING
Bank N.V. that ING Bank N.V. issued Series FF June 16, 2010 Bearer
Bonds in June, 2000 was received in a letter from the attorneys for
ING Bank N.V. to Attorneys for ParaFin.
About ParaFin Corporation
ParaFin Corporation, a Development Stage company, has engaged in
the acquisition and exploration of Oil and Gas properties since it
was founded in Colorado in 1978. It is now a Nevada
Corporation and has made quarterly or 10-QSB and annual or 10-KSB
filings every year since 1979.
Outstanding Float: 4,680,280,671
Disclaimer Certain statements in this news
release may contain forward-looking information within the meaning
of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in
such statements. Technical complications that may arise could
prevent the prompt implementation of any strategically significant
plan(s) outlined above. The company cautions that these
forward looking statements are further qualified by other factors
including, but not limited to those, set forth in the company's
Form 10-KSB filing and other filings with the United States
Securities and Exchange Commission (available at
http://www.sec.gov/). The company undertakes no obligation to
publicly update or revise any statements in this release, whether
as a result of new information, future events or otherwise.
To be included in our company mail list for real-time news and
updates, please e-Mail: ceo@parafincorp.com
CONTACT: ParaFin Corporation
Sidney Fowlds, Chairman Director
Website: http://www.parafincorp.com
Phone: 213 985-3136
Email: ceo@parafincorp.com
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