IN BRIEF: Pantheon Resources issue shares to repay 2026 bonds

Tue, 14th Jun 2022 19:15

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Elects to pay the quarterly principal repayment of USD2.5 million and interest payment of USD465,500 for its senior unsecured convertible bonds due 2026, leading to the issue of 2.8 million shares.

Following the settlement of the repayment, the principal remaining under the bond will be USD44.1 million, and Pantheon will have 767.7 million shares issued overall.

Current stock price: 94.60 pence

12-month change: up sharply from 29.50p

By Dayo Laniyan; dayolaniyan@alliancenews.com

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