Prophecy or the Company )(TSX:PCY)(OTCQX:PRPCF)(FRANKFURT:1P2) is pleased to announce that in the last 60 days, it has entered into binding coal
sales contracts with a number of buyers which will involve the sale of over 30,000 tonnes of coal per month (annualized rate of over 360,000 tonnes) from the Company s Uln Ovoo mine.
Perth, Australia, Aug 23, 2010 - (ABN Newswire) - Pan Asia Corporation Limited (ASX:PZC) has, via Innovation West Pty Ltd ("Innovation West"), entered into a binding coal
purchase & finance agreement with Noble Resources Pte Ltd ("Noble").
Prophecy or the Company ) is pleased to announce that it has entered into two binding coal
sale export contracts for the sale of 30,000 tonnes of coal from the Company s Uln Ovoo mine to a buyer in Russia.