Pacific American Coal : 25.05.2016 Successful Cash Placement Appendix 3B

Microsoft Word - Appendix 03B 25 May 2016 PACIFIC AMERICAN COAL LIMITED

25 May 2016

ASX Market Announcements Australian Securities Exchange 20 Bridge Street

Sydney NSW 2000

ASX Announcement - For immediate release

Re: Pacific American Coal Limited (ASX: PAK or the Company) Market Announcement made on Monday 21 March 2016 for buy into Imagine Intelligent Materials Pty Ltd (Imagine IM)

Successful Cash Placement

As announced on Monday 21 March 2016, the Company entered into a heads of agreement to acquire 40% of Imagine IM's equity subject to PAK members' approval and due diligence.

At its annual general meeting held Thursday 5 May 2016, PAK obtained members' approval to acquire 40% of Imagine IM.

PAK is pleased to announce that it has:

• Satisfactorily completed the legal, financial and technical due diligence of Imagine IM pursuant to the Share Subscription Agreement.

• Completed a successful placement of 33,200,000 new PAK shares at $0.048 cash per share to professional and sophisticated investors, raising $1,593,600 (before costs and fees).

  Following is PAK's Appendix 3B "New issue announcement, application for quotation of additional securities and agreement".

  For further information please contact:

  Mark Sykes

  Chief Executive Officer Ian Morgan Company Secretary

  Pacific American Coal Limited Tel: +61 (2) 9252‐5300 Fax: +61 (2) 9252‐8400

  More details are available on PAK's website www.pamcoal.com

  LEVEL 14, 52 PHILLIP STREET SYDNEY NSW 2000 ABN 83 127 131 604

  GPO BOX 3486 SYDNEY NSW 2001 Tel: +61 (0) 2 9252 5300

  WWW.PAMCOAL.COM Fax: +61 (0) 2 9252 8400

  Appendix 3B New issue announcement

  Appendix 3B

  New issue announcement,

  Rule 2.7, 3.10.3, 3.10.4, 3.10.5

  application for quotation of additional securities and agreement

  Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

  Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

  Name of entity

  PACIFIC AMERICAN COAL LIMITED

  ABN

  83 127 131 604

  We (the entity) give ASX the following information.

  Part 1 - All issues

  You must complete the relevant sections (attach sheets if there is not enough space).

  Ordinary fully paid shares

  1 +Class of +securities issued or to be issued

  33,200,000

• Number of +securities issued or to be issued (if known) or maximum number which may be issued

  Ordinary fully paid shares

• Principal terms of the

  +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

  +convertible securities, the conversion price and dates for conversion)

  + See chapter 19 for defined terms.

  04/03/2013 Appendix 3B Page 1

  Appendix 3B New issue announcement

  Yes

• Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities?

  If the additional

  +securities do not rank equally, please state:

  • the date from which they do

  • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

  • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

    $0.048 cash each share

• Issue price or consideration

  Cash placement to sophisticated and professional investors.

• Purpose of the issue

(If issued as consideration for the acquisition of assets, clearly identify those assets)

Yes

6a Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A?

If Yes, complete sections 6b - 6h in relation to the

+securities the subject of this Appendix 3B, and comply with section 6i

5 May 2016

6b The date the security holder resolution under rule 7.1A was passed

+ See chapter 19 for defined terms.

Appendix 3B Page 2 04/03/2013

200,000 shares

6c Number of +securities issued without security holder approval under rule 7.1

Appendix 3B New issue announcement

Nil

6d Number of +securities issued with security holder approval under rule 7.1A

33,000,000 shares approved at a members' general meeting held on 5 May 2016.

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

Nil

6f Number of +securities issued under an exception in rule 7.2

Not applicable

6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values. Include the source of the VWAP calculation.

Not applicable

6hIf +securities were issued under rule 7.1A for non‐ cash consideration, state date on which valuation of consideration was released to ASX Market Announcements

Refer Annexure 1

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

+ See chapter 19 for defined terms.

04/03/2013 Appendix 3B Page 3