Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) is to issue 1.94mln new shares as a result of a conversion of US$2mln of its US$55mln unsecured convertible bond.
The AIM-quoted oil and gas company, which has a 100% working interest in all of its oil projects adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, said that following the issue of the new shares, the total number of ordinary shares in issue will be 748,939,811.