No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Pantheon Resources announced on Tuesday that it has successfully closed a $35m senior convertible bond offering, securing funding to support its oil and gas exploration activities on Alaska's North Slope.
The AIM-listed company confirmed it had finalised and issued the bonds, which are due in March 2028, to Sun Hung Kai and its associated entities.
It said the proceeds would back its ongoing operations across its 258,000-acre portfolio, which holds 100% working interests and is located near key transportation and pipeline infrastructure.
At 1058 GMT, shares in Pantheon Resources were up 1.85% at 66p.
Reporting by Josh White for Sharecast.com.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.
