Pan Asia Corporation Ltd.
Pan Asia Corporation Ltd.: CONCLUSION OF $1.9 MILLION CAPITAL RAISING
Pan Asia Corporation Ltd. / Corporate Action/Letter of Intent 30.11.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Manager Company Announcements Office Australian Securities Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000 Dear Shareholders CONCLUSION OF $1.9 MILLION CAPITAL RAISING Pan Asia Corporation Limited (ASX: PZC, the Company) is pleased to inform the market that it has completed the underwritten placement of 95,000,000 ordinary shares to raise $1,900,000. The shares were placed to sophisticated and institutional investors at a price of $0.02 per share. As previously announced, the additional funds will enable the Company to continue its rapid growth and development throughout Asia by strengthening its cash position as it explores its current projects and also carry on the support of its due diligence review of other projects in the region. Yours sincerely LUKE MARTINO Company Secretary 30.11.2009 Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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