Panax Geothermal has secured A$5 million to provide working capital for its corporate requirements and expenditures for its Indonesian geothermal projects over the next three years.
The funds are provided under a Share Placement Facility provided by New York-based Deer Valley Management.
“We have been very pleased with the manner in which the negotiations of the transaction have been undertaken, and the ability of both Panax and Deer Valley to have finalized this transaction to a successful completion in recent days,” Panax managing director Kerry Parker said.
The funds are provided under a Share Placement Facility provided by New York-based Deer Valley Management.
“We have been very pleased with the manner in which the negotiations of the transaction have been undertaken, and the ability of both Panax and Deer Valley to have finalized this transaction to a successful completion in recent days,” Panax managing director Kerry Parker said.
