Pacific American Coal Ltd (ASX:PAK) is focused on the production, development and exploration of metallurgical coal assets in North America. The Company's strategic focus is on the 100% owned Elko hard coking coal project in British Columbia and its investments in technological advanced opportunities. PAK has 100% ownership in a total of 6 Coal Leases in the East Kootenay Coal Field in British Columbia - Canada and tenements in application in low volatile bituminous region of the Arkoma coal basin in Oklahoma.
Pacific American Coal Ltd
ASX:PAK ISIN:AU000000PAK0
News
Pacific American Coal Ltd (ASX:PAK) announced today the appointment of Mr Mark Lochtenberg as Managing Director to push forward development of the Company's flagship hard coking coal project, Elko, in British Columbia, Canada. He will commence on February 1, 2017.
Pacific American Coal (ASX:PAK) undertook a pro-rata non-renounceable entitlement offer of one New Share in the Company for every eight fully paid ordinary shares held in the Company at an issue price of A$0.10 per New Share to raise up to approximately A$1.8 million. Far East Capital Limited (FEC) agreed to act as Lead Manager and Underwriter to the Entitlement Offer.
Pacific American Coal Ltd (ASX:PAK) is pleased to announce the Company has engaged Palaris Australia Pty Ltd to deliver a Scoping Study at the Elko Coking Coal Project.
As announced to the ASX on Friday 21 October 2016, Pacific American Coal Limited (ASX:PAK) (Company) is undertaking a pro-rata non-renounceable entitlement offer.
Pacific American Coal Ltd (ASX:PAK) is pleased to provide shareholders the latest Imagine Intelligent Materials update.
Pacific American Coal Limited (ASX:PAK) is pleased to provide its Quarterly Activities Report for the three months ended 30th September 2016.
Pacific American Coal Ltd (ASX:PAK) is pleased to announce the Company has received an initial payment from the sale of its interest in GCI. The initial payment of $130,000, received earlier than anticipated, is part of a payment plan that will see the Company recover 100% of its $1,000,000 investment in GCI. The outstanding balance, starting at $870,000 will attract an 8% interest rate from 15 Jan 2017, and is payable over a 24 month period. Late payments will attract an additional 4% penalty rate.
Pacific American Coal Limited (ASX:PAK) (PAK or Company) announces that it intends to undertake a one for eight pro rata non-renounceable entitlement offer of fully paid ordinary shares in PAK to raise approximately $1.8 million.
Pacific American Coal Ltd (ASX:PAK) is pleased to provide shareholders the latest Imagine Intelligent Materials update. PAK holds a 40% equity interest in Imagine IM, which forms the cornerstone of the Company's investment into technology companies. Imagine IM is focused on delivering value through the commercialisation of graphene based technologies.
Pacific American Coal Ltd (ASX:PAK) is pleased to provide shareholders the latest Imagine Intelligent Materials (Imagine IM) update. At the Australian Engineering Excellence Awards (AEEA) Victoria Awards ceremony in Melbourne last night, Austeng and Imagine IM were jointly honoured at the Australian Engineering Excellence Awards, Victoria with the award for Innovation, Research and Development.
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