Pantheon Resources announced that it has raised $41m via an oversubscribed equity placing and retail offer priced at 65p/sh. The company also indicated that is issuing $55m of convertible bonds. The funding allows the company to fully execute its 2022 programme to assess 8 targets across three wells – four targets with the re-entry of Talitha #A and two targets each at Theta West and the company's 2H development well, which the company intends to bring on as a producer.
14 Dec 2021
Pantheon Resources (PANR) - Raising up to $96M allows high-impact drilling in Alaska
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Pantheon Resources (PANR) - Raising up to $96M allows high-impact drilling in Alaska
Pantheon Resources plc (PANR:LON) | 31.2 -0.4 (-3.7%) | Mkt Cap: 294.1m
- Published:
14 Dec 2021 -
Author:
Brendan Long -
Pages:
4
Pantheon Resources announced that it has raised $41m via an oversubscribed equity placing and retail offer priced at 65p/sh. The company also indicated that is issuing $55m of convertible bonds. The funding allows the company to fully execute its 2022 programme to assess 8 targets across three wells – four targets with the re-entry of Talitha #A and two targets each at Theta West and the company's 2H development well, which the company intends to bring on as a producer.