Pantoro Limited ( (AU:PNR) ) has shared an update.
Pantoro Limited announced that Nebari Partners LLC has converted a portion of its Convertible Loan Facility into fully paid ordinary shares, reducing Pantoro’s total debt by US$2.1 million. This conversion results in the issuance of 32,871,565 shares, lowering the company’s debt position to US$10.4 million. This move is expected to positively impact Pantoro’s financial standing and operational capabilities, reinforcing its strategic position in the gold mining industry.
More about Pantoro Limited
Pantoro Limited is a Western Australia-based gold producer focused on maximizing the potential of its wholly-owned Norseman Gold Project, recognized as one of the highest-grade goldfields in Australia. The company is dedicated to long-term growth through operational excellence and strategic exploration within the WA mining sector.
YTD Price Performance: 56.00%
Average Trading Volume: 33,101
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €550.1M
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