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Pan American Energy ( (TSE:PNRG) ) just unveiled an announcement.
Pan American Energy Corp. has announced a shift in its fundraising strategy, opting for a non-brokered private placement under the ‘listed issuer financing exemption’ instead of the previously planned private placement. The company aims to raise between C$565,000 and C$2,000,000 through the LIFE Offering, with proceeds allocated for exploration expenses and working capital. Additionally, a concurrent private placement seeks to raise up to C$1,000,000 for similar purposes. These initiatives are expected to bolster the company’s exploration projects and financial stability.
More about Pan American Energy
Pan American Energy Corp. operates in the energy sector, focusing on exploration projects. The company is involved in activities related to Canadian Exploration Expenses and flow-through mining expenditures.
Average Trading Volume: 9,261
Technical Sentiment Signal: Sell
Current Market Cap: C$13.74M
For detailed information about PNRG stock, go to TipRanks’ Stock Analysis page.