Pan Asia Metals Reworks Convertible Note Terms

Pan Asia Metals Ltd. (AU:PAM) has released an update.

Pan Asia Metals Limited has successfully renegotiated the terms of its Convertible Notes to both reduce the conversion price for some investors and extend the maturity dates, which strategically spreads out the financial obligations of the company. The move, embraced by a majority of note holders, reflects their confidence in the company and offers a more flexible financial structure for both parties. This update aims to benefit the note holders who supported the company through challenging market conditions, as well as improve Pan Asia Metals’ debt management.

For further insights into AU:PAM stock, check out TipRanks’ Stock Analysis page.