Pantheon Resources PLC Issue of Equity (1615P)
15 October 2021 - 5:00PM
UK Regulatory
TIDMPANR
RNS Number : 1615P
Pantheon Resources PLC
15 October 2021
15(th) October, 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 share options, it has issued and allotted
1,000,000 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 20(th) October
2021 . Following Admission, the total number of Ordinary Shares in
issue, and therefore the total number of voting rights, will be
696,208,674.
-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, Adam James, Patrick
Dolaghan +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
with 100% working interests in several large projects located on
the North Slope of Alaska ("ANS"), onshore USA. A major
differentiator to other ANS projects is its close proximity to
transport and pipeline infrastructure. 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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