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Pantheon Resources Secures $35 Million Through Convertible Bond Issuance

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Pantheon Resources Secures $35 Million Through Convertible Bond Issuance

Confident Investing Starts Here:

Pantheon Resources ( (GB:PANR) ) has shared an update.

Pantheon Resources plc has successfully issued US$35 million in senior convertible bonds due in March 2028. This financial move, involving Sun Hung Kai & Co. Limited and its affiliates, is expected to bolster the company’s financial position and support its ongoing exploration activities in Alaska, potentially enhancing its market standing and stakeholder confidence.

More about Pantheon Resources

Pantheon Resources plc is an oil and gas exploration company listed on the AIM market. It holds 100% working interests in projects covering 258,000 acres on the Alaska North Slope, strategically located near transportation and pipeline infrastructure.

YTD Price Performance: 115.64%

Average Trading Volume: 6,426,815

Technical Sentiment Signal: Sell

Current Market Cap: £740.7M

Find detailed analytics on PANR stock on TipRanks’ Stock Analysis page.

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