Pantheon Resources (GB:PANR) has released an update.
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Pantheon Resources plc has announced the issuance of new shares to fulfill its latest quarterly repayment obligations for its senior unsecured convertible bonds due June 2026, reducing the principal amount to US$17.15 million. The new share issuance will increase the company’s total voting rights to 1,129,998,939. The company, with significant oil and natural gas assets in Alaska, aims to achieve a sustainable market value and financial self-sufficiency by the end of 2028, leveraging its strategic advantage of proximity to existing infrastructure.
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