Pantheon Resources PLC Issue of Equity (5799K)
September 02 2021 - 8:35AM
UK Regulatory
TIDMPANR
RNS Number : 5799K
Pantheon Resources PLC
02 September 2021
2 September 2021
Pantheon Resources plc
Issue Of Equity
Exercise of Share Options and Total Voting Rights
Pantheon Resources plc ("Pantheon" or "the Company"), the
AIM-quoted oil and gas company with a 100% working interest in all
of its oil projects adjacent and near to transportation and
pipeline infrastructure on the Alaska North Slope announces that
following the exercise of staff share options, it has issued and
allotted 1,950,000 new ordinary shares of GBP0.01 each ("New
Ordinary Shares") in the Company. The New Ordinary Shares will rank
pari passu with the existing Ordinary Shares in the Company.
An application is being made to the London Stock Exchange for
the New Ordinary Shares to be admitted to trading on AIM
("Admission") and it is expected that Admission will become
effective, and trading will commence at 8.00 a.m. on 8th September
2021. Following Admission, the total number of Ordinary Shares in
issue, and therefore the total number of voting rights, will be
695,208,674.
-Ends-
Further information:
Pantheon Resources plc +44 20 7484 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity plc (Nominated Adviser and
broker)
Henry Fitzgerald-O'Connor, James Asensio +44 20 7523 8000
Blytheweigh
Tim Blythe, Megan Ray, Alice Mclaren, Madeleine
Gordon-Foxwell +44 20 7138 3204
Notes to Editors
Pantheon Resources plc is an AIM listed Oil & Gas company
focused on several large projects located on the North Slope of
Alaska ("ANS"), onshore USA where it has a 100% working interest in
over 160,000 highly prospective acres with potential for multi
billion barrels of oil recoverable. A major differentiator to other
ANS projects is its close proximity to transport and pipeline
infrastructure which offers a significant competitive advantage to
Pantheon, allowing for materially lower capital costs and much
quicker development times. The Group's stated objective is to
create material value for its stakeholders through oil exploration,
appraisal and development activities in high impact, highly
prospective conventional assets, in the USA; a highly established
region for energy production with infrastructure, skilled personnel
and low sovereign risk. All operations are onshore USA, with
drilling costs materially below that of offshore wells.
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) incorporated into, or forms part of, this
announcement. The information contained within this announcement is
considered to be inside information prior to its release.
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END
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