Pan Asia says $1.01 million capital raising fully subscribed

摘要

Pan Asia's A$1 million ($1.01 million) capital raising has been fully subscribed, and the company is in the process of finalizing the share issues for fund raising intended for the acquisition of Innovation West, it said December 29. Innovation West has a number of significant coal assets in Indonesia, including the Nadvara project, which could generate immediate cash flow, the flagship TCM pre-development project, which has a JORC resource in South Kalimantan, and the BCKP/ SIM exploration project-which it said has large tonnage potential.