Pantheon Resources PLC Update on Fundraise (3997A)
May 23 2023 - 11:32AM
UK Regulatory
TIDMPANR
RNS Number : 3997A
Pantheon Resources PLC
23 May 2023
23 May 2023
Pantheon Resources plc
Update on Fundraise
Pantheon Resources plc ("Pantheon" or the "Company"), the
AIM-quoted oil and gas company with 100% working interests in
certain projects located adjacent to transportation and pipeline
infrastructure on the Alaska North Slope, provides an update on the
Fundraise announced on 16 May 2023 .
Pusurant to the Fundraise and Retail Offer the Company will be
admitting a total of 95,395,134 New Ordinary Shares. The balance of
8,783,893 New Ordinary Shares will be admitted to trading once the
outstanding Subscription funds are received by the Company which is
expected over the coming days.
Application to the London Stock Exchange plc has been adjusted
such that 95,395,134 New Ordinary Shares will be admitted to
trading on AIM. Subject, amongst other things, to the satisfaction
or waiver of the conditions of the Placing Agreement, it is
expected that Admission will take place and dealings in the
95,395,134 New Ordinary Shares will commence on AIM on or around
8.00 a.m. on 24 May 2023 .
Immediately following Admission, the Company's issued share
capital will be 883,250,186 Ordinary Shares, with each share
carrying the right to one vote. The Company does not hold any
Ordinary Shares in treasury. The total voting rights figure
immediately following Admission, of 883,250,186 may be used by
shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the Disclosure Guidance and
Transparency Rules.
The Company will make a further announcement once the
outstanding Subscription funds are received and due to be admitted
to trading on AIM.
All defined and capitalised terms have the same meaning as set
out in the Company's announcement on 16 May 2023 at 16:59 p.m.
Further information:
Pantheon Resources plc +44 20 7484 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity Limited (Nominated Adviser
and broker)
Henry Fitzgerald-O'Connor
James Asensio
Gordon Hamilton +44 20 7523 8000
BlytheRay
Tim Blythe
Megan Ray
Matthew Bowld +44 20 7138 3204
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END
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