Pan Asia is pleased to confirm it has now received US $4,500,000 from the settlement of the Ranrich Investment Ltd loan. These funds are repayment of a loan made to Ranrich in 2010. As part of the settlement, the Company also reached agreement to exchange its right to earn a 50% interest in the BCKP concession, for a royalty of US $1 per tonne on all coal sold from the BCKP concession, limited to a maximum royalty of
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