Pantheon Resources ( (GB:PANR) ) has provided an update.
Pantheon Resources has announced its decision to settle the quarterly principal and interest repayment of its unsecured convertible bonds, issued in December 2021, through the issuance of new shares. This move will reduce the principal amount of the bonds to $12.25 million and increase the company’s total voting shares to 1,142,998,513, potentially impacting shareholder interests and market positioning.
More about Pantheon Resources
Pantheon Resources plc is an AIM-quoted oil and gas company with a 100% working interest in projects located on the Alaska North Slope, adjacent to transportation and pipeline infrastructure.
YTD Price Performance: 134.28%
Average Trading Volume: 6,341,157
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £802.1M
See more data about PANR stock on TipRanks’ Stock Analysis page.
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