Pantheon Resources (GB:PANR) has released an update.
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Pantheon Resources has announced a director subscription for 261,696 new ordinary shares, amounting to £55,480, which includes the Executive Chairman and Non-Executive Directors. This move is anticipated to strengthen the company’s financial position as it continues to develop its oil fields in Alaska and positions itself for future growth. With its strategic location near existing infrastructure, Pantheon aims for efficient development and reduced costs.
For further insights into GB:PANR stock, check out TipRanks’ Stock Analysis page.
