Pacific American Coal placement completed

18 May 2016

We are pleased to announce the completion of a $1.6m placement in PAK at a price of 4.8c/share. This will enable PAK to take 20% of Imagine Intelligent Minerals Pty Ltd, opening up an exciting new growth path for PAK. The next step is to move to a 40% share holding in Imagine with the share swap to be completed in July 2016.