VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 12/28/12 — Yalian Steel Corporation (TSX VENTURE: YL) announces that it has entered into a support agreement (the "Support Agreement") with 0957703 B.C. Ltd. (the "Offeror"). The Offeror is a company wholly-owned by Mr. Xin Duo Yu ("Mr. Yu"), Yalian-s chairman of the board, who holds 14.74% of the issued and outstanding common shares in the capital of Yalian. Pursuant to the terms of the Support Agreement, the Offero
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 06/21/12 — Yalian Steel Corporation (TSX VENTURE: YL) ("Yalian" or the "Company") announces that it has obtained a short term credit facility for up to RMB 20 million (CAD$3.2 million) from Industrial Bank Co., Ltd of People-s Republic of China. This credit facility will be mainly used for issuance of bankers- acceptance notes which are financial instruments commonly used in China for purchase settlements. Up to date, RMB 20 m
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/24/12 — Yalian Steel Corporation (TSX VENTURE: YL) ("Yalian" or the "Company") announces that it has obtained a trade finance for RMB 30 million (CAD $4.8 million) from the Industry and Commercial Bank of China ("ICBC") to fund the working capital requirements of Yangzhou Yalian Steel Pipe Co., Ltd ("Yangzhou Yalian"), a wholly-owned subsidiary of the Company in China Availability of such trade finance f
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 04/26/12 — Yalian Steel Corporation (TSX VENTURE: YL) ("Yalian" or the "Company") announces that it has secured RMB20 million (CAD $3.1 million) line of credit from the Bank of Nanjing. The credit facility is available for loan drawdowns which will be used to fund the working capital requirements of Yangzhou Yalian Steel Pipe Co., Ltd. ("Yangzhou Yalian"), a wholly-owned subsidiary of Yalian in China.On March 31, 201
VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/20/12 — Yalian Steel Corporation (TSX VENTURE: YL) ("Yalian" or the "Company") is pleased to announce the results of its Annual General Meeting of Shareholders held on February 17, 2012 in Vancouver, British Columbia (the "Meeting").The shareholders of the Company have resolved to elect five directors for the coming year, as follows: Xin Duo Yu, Joanne Yan, Jack Austin, Xia Xu and Mao Sun, with Ms. Xu and Mr. Sun
