Pan Asia Metals Ltd. (AU:PAM) has released an update.
Pan Asia Metals Limited (PAM) has addressed a financial condition query from ASX, confirming the accuracy of disclosures regarding their Convertible Notes and their intention to clarify the shares issuance for cash and services. PAM received A$560,000 cash from Convertible Notes, with additional Notes issued to settle A$292,219 in liabilities. The company plans to reissue the Convertible Note resolution at a forthcoming shareholder meeting for further ratification.
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