PANR - Scot?14 Nov 2023 12:21
Scot... PANR have just announced they are placing even more shares just to pay off some debt.... Your worst fears have come true and you always harp on the 88e forum about the fact placing will happen and shares will be diluted. So sorry to hear this for PANR... how are you feeling about it?
PANR RNS:
· Placement of approximately $4.15 million of new ordinary shares of £0.01 each ("New Ordinary Shares") at a price of $0.255 per share ("Placement Price"), equivalent to 20.8p per share, to long term investors to increase the Company's cash resources, allowing it to pay December and March Convertible Bond payments in cash (the "Placement").