Pambili Launches C$100K Private Placement
Company Announcements

Pambili Launches C$100K Private Placement

Pennine Petroleum (TSE:PNN) has released an update.

Pambili Natural Resources Corporation has launched a C$100,000 non-brokered private placement at 5 cents per unit, which includes a common share and a 12-month warrant, as part of its strategy to bolster working capital and continue its expansion in Zimbabwe’s gold sector. The offering has garnered interest from both insiders and new international investors, reflecting confidence in the company’s potential for shareholder returns. Regulatory approvals are pending, and a four-month hold period on securities issued is to be expected under Canadian law.

For further insights into TSE:PNN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskPambili Petroleum Converts Debt to Shares
TipRanks Canadian Auto-Generated NewsdeskPambili Shifts Focus to Gold Mining in Zimbabwe
TipRanks Canadian Auto-Generated NewsdeskPambili Shareholders Approve Key Resolutions
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App