Engagement Of Stonebridge As Lead Broker For Pan Asia Corporation Limited (ASX:PZC) Options Underwritten

Perth, Nov 10, 2010 AEST (ABN Newswire) - Pan Asia Corporation Limited (ASX:PZC) has successfully retained Stonebridge as its lead broker while also securing the underwriting of its one cent unlisted options (which expire on 30 November 2010).

Lead Broker

The engagement of Stonebridge will assist Pan Asia with its significant growth plans and market positioning as a rapidly emerging supplier of key resources to the expanding Asian markets.

Stonebridge is a staff owned investment & full service broking firm with an experienced team comprising more than 200 staff, including 110 investment advisors, located throughout an extensive network of offices in Australasia. It has extensive experience in the coal & resources sectors & in particular with Australian Listed companies operating in the Asian markets.

Pursuant to this engagement, the Company has agreed to issue Stonebridge with 632,740 (post consolidation) unlisted options with an exercise price of 20 cents and 632,470 (post consolidation) unlisted options with an exercise price of 24 cents with all options having a term of 2 years from issue.

Option Underwriting

The Company has also executed an underwriting of its unlisted options that expire 30 November 2010 with Sydney based Notegrin Pty Ltd, ensuring the company will receive the full value of these outstanding one cent options , which is approximately A$910,000. The underwriter will receive a fee of six per cent on the value of these options in consideration for the underwriting.

Pan Asia CEO Alan Hopkins said "the appointment of an Australian lead broker with a strong following in the coal sector provides great support for the Company's future growth plans & market positioning."

Contact

Alan G. Hopkins Chief Executive Officer Tel: +61-8-9381-5819