PAX 0.00% 1.2¢ panax geothermal limited

Ann: Corporate and Project Update , page-27

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  1. 831 Posts.
    Rockist,

    PAX are on the hook for $28 million for the first 2 projects. They will raise that through the Singapore subsidiary. Advice from the AGM was the Asian investors had the money prepared but were waiting on the PPA to be signed. Therefore, no need to raise funding for the projects through capital raising.
 
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