ASX-listed Pan Asia Metals surges on share purchase plan oversubscription

Flagship Minerals

28/09/2021 03:24

** Shares of Pan Asia Metals Ltd  PAM.AX  surge as much as
14.3% to A$0.520 in their best intraday session since Sept. 7
    ** Singapore-based lithium miner says https://bit.ly/39IUAno
 its share purchase plan (SPP) was heavily subscribed with over
A$3.3 mln ($2.40 mln) in subscription received 
    ** Says A$2 mln in applications has been accepted, adds it
will allot 5 mln shares
    ** Shares hit their highest since Sept. 14
    ** Stock up 237% this year, as of Monday's close

($1 = 1.3778 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))