Pennine Petroleum (TSE:PNN) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Pambili Natural Resources Corporation has announced a strategic move with Kavango Resources Plc converting a US$250,000 loan into equity, resulting in Kavango owning approximately 19.35% of Pambili’s enlarged share capital and becoming an insider. The conversion strengthens the partnership between the two companies, with both showing commitment to developing gold projects in Zimbabwe. This decision is pending final approval by the TSX-V and will include a four-month hold period for the newly issued shares.
For further insights into TSE:PNN stock, check out TipRanks’ Stock Analysis page.