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Australian Pacific Coal Ltd Issues New Ordinary Shares

Thursday, 29 Nov 2012 02:38am EST 

Australian Pacific Coal Ltd announced the issuance of 10,937,500 ordinary shares at an issue price of AUD 0.0160 per share. The 4,687,500 shares were issued following the receipt of AUD 75,000 Second Tranche installment and 6,250,000 shares issued as a part conversion of the Convertible Security amounting to AUD 100,000. All issuance of shares are in accordance with the Share Purchase and Convertible Security between the Company and The Australian Special Opportunity Fund, LP. 

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