viewPacific American Holdings Ltd

Pacific American has a new substantial shareholder with 5.51% interest

The company recently identified a significant opportunity in alternate energy projects.

PAK is aiming to commercialise the Elko Coking Coal project in Canada

Pacific American Holdings Ltd (ASX:PAK) has gained a new substantial shareholder, Antoska Group, which holds a 5.51% stake.

Michael Alan Antoska & Elisa Antoska, together with various companies on which Michael sits as a director are collectively described as Antoska Group.

READ: Pacific American Holdings appoints broker to advise on Canadian coal options

PAK recently appointed a leading North American-based investment bank to advise on fundraising and investment options in relation to the Elko Coking Coal project in Canada.

B Riley FBR Inc, a subsidiary of B Riley Financial Inc (NASDAQ:RILY), will carry out this work as PAK looks to progress commercialisation of the project in British Columbia.

READ: Pacific American Coal enters alternate energy joint venture with hydropower turbine manufacturer

Quick facts: Pacific American Holdings Ltd

Price: 0.01 AUD

Market: ASX
Market Cap: $2.77 m

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