Panax Geothermal is a pure geothermal company with access to some of the worlds most promising geothermal assets. As climate change projections worsen, Panax Geothermal is well positioned to commercialise sustainable sources of base-load energy, powered from the Earth.
The long term vision of Panax is to become a major participant in the geothermal industry, both nationally and internationally. The scope of its geothermal interests will be broad, including both conventional geothermal resources (volcanic related) as well as enhanced geothermal systems (EGS) such as hot fractured rock (HFR) geothermal systems.
WCP Resources now holds 16% of Panax Geothermal
1st Jul 2009, 2:08 pm
WCP Resources Limited (ASX: WCP) has taken up its full rights under the Panax Geothermal Limited Rights Issue.
WCP Resources now holds 37,500,125 ordinary shares in Panax Geothermal (ASX: PAX) amounting to 15.9% of the issued capital of the company.
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