Pan Asia Corporation Limited (ASX:PZC) Signed MOU With Multinational Mining Services Company And Received Commitments Fo

  Sydney, Australia, May 18, 2010 - (ABN Newswire) - Pan Asia Corporation Limited (ASX:PZC) are very pleased to announce that the Company has signed a Memorandum of Understanding ( & quot;MOU & quot;) with PT Kopex Mining Contractors ( & quot;KMC & quot;) and has also received commitments for its A & #36;5,000,000 placement.The MOU with KMC covers the Mantewe/TransCoal Minergy ( & quot;TCM & quot;) project in South Kalimantan, Indonesia. The Kopex group (WAR:  

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