December 21, 2018 / 7:15 AM / in a month

BRIEF-Pantheon Resources clinches two acquisitions, raises capital

Dec 21 (Reuters) - Pantheon Resources PLC:

* PANTHEON RESOURCES - PLACING, SUBSCRIPTION AND ACQUISITION

* PROPOSED PLACING AND SUBSCRIPTION TO RAISE A MINIMUM OF APPROXIMATELY US$16.0 MILLION

* PANTHEON INTENDS TO ACQUIRE TWO WHOLLY OWNED COMPANIES FROM GREAT BEAR PETROLEUM OPERATING LLC, GREAT BEAR PETROLEUM VENTURES I LLC AND GREAT BEAR PETROLEUM VENTURES II LLC

* INTENDS TO APPOINT BOB ROSENTHAL, JEREMY BREST AND CARL WILLIAMS TO BOARD OF COMPANY

* COMPANY INTENDS TO CONDUCT A PLACING AND SUBSCRIPTION RAISE A MINIMUM OF US$16.0 MILLION VIA PLACING OF NEW ORDINARY SHARES AT A PRICE OF NO LESS THAN 15.25 PENCE PER NEW ORDINARY SHARE

* ACQUISITION IS CONDITIONAL ON, INTER ALIA, COMPLETION OF CAPITAL RAISING, APPROVAL BY STATE OF ALASKA, DEPARTMENT OF NATURAL RESOURCES, AND PASSING OF CERTAIN RESOLUTIONS AT A GENERAL MEETING Source text for Eikon: Further company coverage: (Reporting By Pamela Barbaglia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below