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The Bellwether Report takes another look into Pearl Asian Mining Industries, Inc.

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M2 PRESSWIRE-31 May 2006-bellwetherreport.com: The Bellwether Report takes another look into Pearl Asian Mining Industries, Inc(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:31052006

Pearl Asian Mining Industries, Inc (OTCPK:PAIM), is a company that our research team will be tracking over the ensuing weeks. They recently came out with a significant corporate development, causing a market stir. The BWR Research Team will continue to bring its subscribers cutting edge research tools, and second to none customer service.

Pearl Asian Mining Industries, Inc developmental and pre-production stage gold mining company with mining interests and claims in the Philippines and Canada, a couple of weeks ago announced that they will buy back approximately 27,000,000,000 or 90% of its issued and outstanding common shares using a convertible debenture.

PAIM will pay par value of $0.001 per share when issuing its convertible debentures. The debentures will be payable without interest in 5 years and be convertible back to common at the rate of $0.01 per share at any time before maturity.

As an example, a shareholder owning 1,000,000 common shares will keep 100,000 common shares and receive a debenture with a face value of $900 due and payable in 5 years without interest. Any time during the 5 years, the holder will be entitled to convert the debenture to 90,000 common shares.

This morning the company announced that its Engineering Team, led by Chief Mining Officer (CMO) Engineer Cesar Rosales, submitted the work plan on "Operation Cagayan de Oro.

This is slated...

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