WCP Resources now with 16% stake in Panax Geothermal
WCP Resources Limited has taken up its full rights under the Panax Geothermal Limited Rights Issue and now holds 16% in the company.
Reported by the companies, WCP Resources Limited (ASX: WCP), “a diversified resources company actively assessing domestic (Australian) and international opportunities”, “has taken up its full rights under the Panax Geothermal Limited Rights Issue.
WCP Resources now holds 37,500,125 ordinary shares in Panax Geothermal (ASX: PAX) amounting to 15.9% of the issued capital of the company.”
Source: Announcement via Proactive Investors