Quarterly Repayment of Unsecured Convertible Bonds
Pantheon pays quarterly convertible bond repayment of US$2.597m through issuance of 3.63m new shares.
- Quarterly principal repayment US$2.45m
- Quarterly interest payment US$0.147m
- New ordinary shares issued 3,629,122
- Principal remaining US$12.25m
- Total voting rights post-admission 1,142,998,513
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Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas company with 100% working interests in certain projects located adjacent to transportation and pipeline infrastructure on the Alaska North Slope, announces that it has elected to pay (i) the quarterly principal repayment of US$2.45 million and (ii) the quarterly interest payment of US$0.147 million (collectively, the "Quarterly Repayment") in respect of its senior unsecured convertible bonds issued in December 2021 to a fund advised by Heights Capital Ireland LLC, and due June 2026 (the "Convertible Bonds"), through the issuance of new shares. Pursuant to the terms of the Convertible Bond agreement a total of 3,629,122 new ordinary shares (the "New Ordinary Shares") will be issued in full settlement of this Quarterly Repayment. Application is being made to AIM for the admission to trading of the 3,629,122 New Ordinary Shares which are expected to admit on or around 20th March 2025 ("Admission").
After settlement of the Quarterly Repayment, the principal remaining under the Convertible Bond will be reduced by US$2.45 million to US$12.25 million.
Total Voting Rights
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