ASX-listed Pan Asia Metals hits 1-month high on securing equity investment

Flagship Minerals

18/11/2024 24:31

** Australia-listed Pan Asia Metals  PAM.AX  rises as much
as 13.3% to A$0.068, highest since Oct. 14
    ** Thailand-based investment holding firm says it has
secured A$35 mln ($22.62 mln) equity investment via capital
commitment agreement
    ** Agreement is with New York-based Global Emerging Markets
Group for 4 years
    ** Co says funds will be used for resource definition and
pre-feasibility at Rosario Copper project in South America,
among others
    ** More than 366,000 shares change hands, 3.2x the 30-day
avg
    ** Stock down 51.2% YTD

($1 = 1.5473 Australian dollars)

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))