Pacific American Holdings has new substantial shareholder in Jetosea Pty Ltd

Pacific American Holdings Ltd (ASX:PAK) has a new substantial holder in Jetosea Pty Ltd which has accumulated a 5.38% stake.

Sydney-based Jetosea became a substantial shareholder on November 5 and now has 9,616,429 fully paid ordinary shares in the company.

Placement raises $450,000

The North American coking coal project holder recently raised $450,000 in a placement which was well supported with 13.2 million shares taken up.

The placement was made at 3.4 cents a share, which was a 6.5% discoRead More – Source

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