REG - Pantheon Resources - Update on Fundraise

Pantheon ResourcesAnnouncement

23/05/2023 16:45

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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                                     +44 20 7523 8000

 James Asensio

 Gordon Hamilton

 BlytheRay
 Tim Blythe                                                    +44 20 7138 3204

 Megan Ray

 Matthew Bowld

 

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