Pursuant to the disclosure requirements of applicable securities laws, R.A.N. Bonnycastle reports that he personally and indirectly, through Cavendish Investing Ltd., sold a total of 2,090,000 common shares in the capital of Pacific Iron Ore Corporation , by way of disposition through a private transaction at a price of Cdn.$0.02187 per Common Share. Mr. Bonnycastle, together with his joint actors, now beneficially
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