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.