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An update from Pan American Energy ( (TSE:PNRG) ) is now available.
Pan American Energy Corp. announced plans for a non-brokered private placement financing, which includes up to 4,350,000 common shares at C$0.18 each and up to 4,850,000 common share purchase warrants. The total anticipated proceeds are up to $1,025,500. These funds will be allocated for exploration activities at the Big Mack Property, general administrative expenses, and working capital. The offering is expected to close by February 28, 2025, subject to regulatory approvals, with common shares being offered without resale restrictions under Canadian securities laws, while warrants will be subject to a hold period.
More about Pan American Energy
Pan American Energy Corp. operates within the energy sector, focusing on exploration activities. The company is engaged in the development and exploration of energy resources, with a market focus that includes the management and expansion of its properties, such as the Big Mack Property.
YTD Price Performance: 125.38%
Average Trading Volume: 37,603
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.08M
For a thorough assessment of PNRG stock, go to TipRanks’ Stock Analysis page.
