Sydney -
Pacific American Coal Ltd. (ASX:PAK) provide the AGM Presentation.
2016 Summary
Elko Coking Coal Project
Accelerated development of Elko Coking Coal
Engaged Hatch Ltd to undertake 3D mine site modelling
Engaged Palaris to prepare preliminary assessment report
Appointment of key project personnel
Commenced planning for 2017 Exploration Program
Acquired 40% of Imagine Intelligent Materials
- 20% via a $1.25M cash acquisition
- 20% via a share offer
Corporate
- Completed fund raising $2.3M - oversubscribed
- Appointed Managing Director
- Established new office and support staff
Repositioned Coal Portfolio
Finalised agreement to recover 100% of investment in GCI
To view the presentation, please visit:
http://abnnewswire.net/lnk/99P3YK20
About Pacific American Coal Ltd:
Pacific American Coal Ltd. (ASX:PAK) is focused on the production, development and exploration of metallurgical coal assets in North America. The Company's strategic focus is on the 100% owned Elko hard coking coal project in British Columbia and its investments in technological advanced opportunities. PAK has 100% ownership in a total of 6 Coal Leases in the East Kootenay Coal Field in British Columbia - Canada and tenements in application in low volatile bituminous region of the Arkoma coal basin in Oklahoma and the Raton coal basin in Colorado.
Contact:
Mark Lochtenberg Managing Director Australia
Dom Hill Business Development Manager North America
Pacific American Coal Ltd.
Tel: +61-2-9238-1175
www.pamcoal.com
