RE: RNS9 Aug 2024 10:24
Seed Innovations Ltd - investor focused on early-stage health, wellness and medical cannabis firms - Invests GBP250,000 in AIM-listed Pantheon Resources PLC, taking "advantage of its limited opportunistic short-term trading strategy". Says backing formed part of Pantheon's USD29 million fundraise. Pantheon is an oil and gas company, which is focused on developing the Ahpun and Kodiak onshore oil fields in Alaska. "Seed's investment paid from cash reserves, leaving approximately £3.5 million in remaining cash reserves," Seed Innovations says.