Pan Asia Corporation Limited

The Directors of Pan Asia Corporation Ltd (ASX:PZC) are pleased to advise that, upon completion of the proposed acquisition of Innovation West Pty Ltd, Mr. Domenic Martino will be joining the board as Chairman of Directors.

ABN Newswire stocks to watch today include: AuDAX Resources Limited (ASX:ADX) (PINK:ADXRF), Pan Asia Corporation Ltd (ASX:PZC) and Golden Cross (ASX:GCR).

Pan Asia Corporation Ltd (ASX:PZC) are pleased to provide the following update on initial exploration activities on two of its thermal coal prospects in Kalimantan, Indonesia. While continuing to undertake due diligence on the extensive Innovation West Pty Ltd (Innovation West) acquisition, the Company has been actively exploring the two underground coal targets at Roda Niaga and TCM in South Kalimantan.

ABN Newswire Stocks to Watch today include: Pan Asia Corporation Limited (ASX:PZC), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), Kingsoft Corporation Limited (HKG:3888), and Beach Energy Limited (ASX:BPT)(PINK:BEPTF).

Pan Asia Corporation Limited (ASX:PZC) provides this important update on the review of the extensive portfolio of projects being acquired from Innovation West announced to shareholders on 23 November 2009. The Company's executives have recently returned from visiting the highest priority projects and it is clear that the proposed acquisition of projects represents a significant company changing growth opportunity.

Pan Asia Corporation Limited (ASX:PZC) is pleased to inform the market that it has completed the underwritten placement of 95,000,000 ordinary shares to raise A$1,900,000. The shares were placed to sophisticated and institutional investors at a price of A$0.02 per share.

The Board of Pan Asia Corporation Limited (the "Company", "Pan Asia Corp")(Sam's Seafood Holdings Limited [ASX:SSS]) is pleased to advise that it has received approval from Deutsche Borse for a secondary listing of its securities on the Frankfurt Stock Exchange. This listing is expected to take place immediately. Trading of the Company's securities will commence under the German security number ("WKN") 982260 and the ticker symbol SAF.

The Company previously trading as Sam's Seafood Holdings Limited (ASX:SSS) wishes to advise that following shareholder approval at the Annual General Meeting on 25 November 2009, the Company's name has now been changed to Pan Asia Corporation Limited. It is our understanding that as of Monday, 30 November 2009, the Australian Securities Exchange will officially record the change of name and will change the ASX code to "PZC".

Sam's Seafood Holdings Limited (ASX:SSS)(proposed to be renamed as Pan Asia Corporation Limited) is pleased to advise that it has entered into an agreement to acquire up to sixteen new coal concessions & six new manganese concessions in Indonesia.

Sam's Seafood Holdings Limited (ASX:SSS) is pleased to announce it has completed arrangements for the fundraising of A$1,900,000. These additional funds will strengthen the company's cash position as it starts its first drilling programme at the Roda Niaga Coal Project as well as support the continued evaluation of the projects currently under due diligence review.