Pan Asia Metals Limited announced a private placement of unsecured convertible notes for the gross proceeds of AUD 894,619 on March 28, 2024. The notes will have a coupon rate of 16% and will be convertible at a conversion price of AUD 0.15 per share.
On the same day, the company announced that it has issued convertible note for the gross proceeds of AUD 852,219 in its first tranche closing.