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Proactiveinvestors is a leading multimedia news organization, investor portal and events management business with offices in New York, Sydney, Toronto and London. Proactiveinvestors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of... More
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  • Panax Geothermal Changes Name To Raya Group 0 comments
    May 1, 2013 8:10 PM

    Panax Geothermal's (ASX: PAX) shareholders approved a change of name to Raya Group (ASX: RYG), with trade to commence under the new name on the ASX from Monday 6th May 2013.

    The company recently launched a Share Purchase Plan to raise up to $3 million, with a number of parties indicating an interest in underwriting some or all of the plan.

    The offer is to all shareholders to purchase between $1,500 and $15,000 of new listed ordinary shares in Panax, at an issue price of $0.01 per share, with one free Attaching Option, exercisable at $0.015 and with a three year exercise period from the date of issue.

    Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX "Small and Mid-cap" stocks with distribution in Australia, UK, North America and Hong Kong / China.

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