Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) said that its executive chairman and all non-executive directors have agreed to subscribe for a total of £55,480 worth of new ordinary shares in the Alaska-focused oil explorer.
The subscription will result in the issue and allotment of a total of 261,696 new ordinary shares at an issue price of £0.212 per share, the closing price on 30 October 2024.
Pantheon is developing the Kodiak and Ahpun oil fields on Alaska's North Slope.