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Pan Asia Corporation director adds to shareholding

Pan Asia Corporation (ASX: PZC) director Domenic Martino has purchased a further 17,625 shares in the company on-market.

Martino acquired the shares for a consideration of A$1,410, providing an average entry price of $0.08.

Pan Asia has been busy recently boosting its JORC Resource at the Transcoal Minergy Coal Project in Indonesia by 115% to 114.6 million tonnes.

The resource now comprises 35.6 million tonnes in the high confidence Measured category, with 35.1 million tonnes Indicated and 43.9 million tonnes Inferred.

Last week Martino lodged a change of director’s interest notice for the purchase of 172,000 shares on-market for a consideration of $13,760.