tiprankstipranks
Pambili Strengthens Ties with Kavango Through Equity Deal
Company Announcements

Pambili Strengthens Ties with Kavango Through Equity Deal

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

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskPambili Secures Option for Zimbabwe Gold Mines
TipRanks Canadian Auto-Generated NewsdeskPambili Petroleum Advances Drilling at Golden Valley
TipRanks Canadian Auto-Generated NewsdeskPambili Petroleum Converts Debt to Shares
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