21 May 2014
RESULTS OF GENERAL MEETING311 - 313 Hay Street
SUBIACO WA 6008
P: + 61 8 9381 5819
F: + 61 8 9388 3701
ABN: 45 098 448 269
The following information regarding the results of the General Meeting of the Company held today is provided in accordance with Listing Rule 3.13.2 and section 251AA (2) of the Corporations Act. The following resolutions were passed.
RESOLUTION 1 - Ratification of issue of 23,532,942 Shares to Sophisticated Investors"That, for the purpose of Listing Rule 7.4 and for all other purposes, the Company ratify the allotment and issue of 23,532,942 Shares (at an issue price of $0.021 each) on 6 March 2014 to sophisticated investors, on the terms and conditions set out in the Explanatory Memorandum."
The number of proxies received were as follows:
Votes | Holders | % | |
For | 7,213,344 | 25 | 82.58 |
Against | 269,596 | 19 | 3.09 |
Open | 1,252,195 | 14 | 14.34 |
Abstain | 319,500 | 4 | N/A |
"That, for the purpose of ASX Listing Rule 7.1 and all other purposes, approval is given for the Directors to allot and issue 24,000,000 Shares (Placement Shares) on the terms and conditions set out in the Explanatory Memorandum accompanying this Notice of Meeting."
The number of proxies received were as follows:
Votes | Holders | % | |
For | 7,213,344 | 25 | 82.58 |
Against | 269,596 | 19 | 3.09 |
Open | 1,252,195 | 14 | 14.34 |
Abstain | 319,500 | 4 | N/A |
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About Pan Asia
Pan Asia Corporation Limited flagship project ("TCM") is a high CV thermal coal project in South Kalimantan.
Pan Asia seeks to build significant projects; de-risking them ready for development partnership / offtake agreements with quality, life of mine partners.
For Further Information Contact:Alan Hopkins
Chief Executive Officer Pan Asia Corporation Ltd Tel: + 61 8 6489 0600
Media
Annette Ellis /
Purple Communications
Tel: +61 8 6314 6300; 0458 200 039
Pan Asia Corporation Limited
311 - 313 Hay Street SUBIACO WA 6008 P: + 61 8 9381 5819 F: + 61 8 9388 3701 ABN: 45 098 448 269 2
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