Pan Asia Metals targets low-cost South East Asian lithium and tungsten assets with upcoming IPO (w/ Paul Lock)

Pan Asia Metals managing director Paul Lock joins Small Caps to discuss the company's upcoming IPO, along with what's in store for investors once listed on the ASX. Pan Asia Metals is focused on advancing low cost lepidolite-rich deposits in South East Asia. The company is also exploring for tungsten in the region and owns the Minter tungsten project in central New South Wales, Australia. To advance its plans of unlocking the value of its assets, Pan Asia aims to raise between $4 million and $6 million (before costs) via the issue of up to 30 million shares at $0.20 each in an initial public offering. The company plans to trade on the ASX under the ticker code 'PAM' with an indicative market capitalisation of $26.9 million. The IPO was launched in early July, with the company targeting a late September listing.