Pantheon Resources PLC Announces Quarterly Repayment of Unsecured Convertible Bonds
Pantheon Resources (PTHRF), an AIM-quoted oil and gas company operating on the Alaska North Slope, has announced its quarterly repayment of unsecured convertible bonds through share issuance. The company will issue 3,629,122 new ordinary shares to settle a total payment of US$2.597 million, comprising US$2.45 million in principal and US$0.147 million in interest.
The convertible bonds, originally issued in December 2021 to Heights Capital Ireland , are due June 2026. Following this repayment, the remaining principal on the convertible bonds will be reduced to US$12.25 million. The new shares are expected to be admitted for trading on AIM around March 20, 2025, bringing the company's total issued share capital to 1,142,998,513 ordinary shares.
Pantheon Resources (PTHRF), una compagnia di petrolio e gas quotata all'AIM che opera nella North Slope dell'Alaska, ha annunciato il rimborso trimestrale di obbligazioni convertibili non garantite attraverso l'emissione di azioni. L'azienda emetterà 3.629.122 nuove azioni ordinarie per un pagamento totale di 2,597 milioni di dollari USA, di cui 2,45 milioni di dollari USA di capitale e 0,147 milioni di dollari USA di interessi.
Le obbligazioni convertibili, originariamente emesse a dicembre 2021 a Heights Capital Ireland, scadono a giugno 2026. Dopo questo rimborso, il capitale residuo delle obbligazioni convertibili sarà ridotto a 12,25 milioni di dollari USA. Si prevede che le nuove azioni siano ammesse alla negoziazione su AIM intorno al 20 marzo 2025, portando il capitale sociale totale emesso dell'azienda a 1.142.998.513 azioni ordinarie.
Pantheon Resources (PTHRF), una compañía de petróleo y gas que cotiza en AIM y opera en la Alaska North Slope, ha anunciado el reembolso trimestral de bonos convertibles no garantizados a través de la emisión de acciones. La empresa emitirá 3.629.122 nuevas acciones ordinarias para saldar un pago total de 2,597 millones de dólares estadounidenses, que incluye 2,45 millones de dólares en principal y 0,147 millones de dólares en intereses.
Los bonos convertibles, emitidos originalmente en diciembre de 2021 a Heights Capital Ireland, vencen en junio de 2026. Tras este reembolso, el principal restante de los bonos convertibles se reducirá a 12,25 millones de dólares estadounidenses. Se espera que las nuevas acciones sean admitidas a negociación en AIM alrededor del 20 de marzo de 2025, lo que elevará el capital social total emitido de la compañía a 1.142.998.513 acciones ordinarias.
팬테온 리소스 (PTHRF), 알래스카 노스 슬로프에서 운영되는 AIM 상장 석유 및 가스 회사가 주식 발행을 통해 무담보 전환사채의 분기 상환을 발표했습니다. 회사는 3,629,122주의 새로운 보통주를 발행하여 총 259만 7천 달러의 지급을 정산할 예정이며, 여기에는 245만 달러의 원금과 14만 7천 달러의 이자가 포함됩니다.
전환사채는 2021년 12월 Heights Capital Ireland에 처음 발행되었으며, 2026년 6월 만기가 됩니다. 이번 상환 후 전환사채의 남은 원금은 1,225만 달러로 줄어들게 됩니다. 새로운 주식은 2025년 3월 20일경 AIM에서 거래될 것으로 예상되며, 회사의 총 발행 주식 자본은 1,142,998,513주에 이를 것입니다.
Pantheon Resources (PTHRF), une société pétrolière et gazière cotée à l'AIM et opérant sur la North Slope de l'Alaska, a annoncé le remboursement trimestriel d'obligations convertibles non sécurisées par le biais d'une émission d'actions. L'entreprise émettra 3.629.122 nouvelles actions ordinaires pour régler un paiement total de 2,597 millions de dollars US, comprenant 2,45 millions de dollars US de principal et 0,147 millions de dollars US d'intérêts.
Les obligations convertibles, initialement émises en décembre 2021 à Heights Capital Ireland, arrivent à échéance en juin 2026. Suite à ce remboursement, le principal restant sur les obligations convertibles sera réduit à 12,25 millions de dollars US. Les nouvelles actions devraient être admises à la négociation sur l'AIM autour du 20 mars 2025, portant le capital social total émis de l'entreprise à 1.142.998.513 actions ordinaires.
Pantheon Resources (PTHRF), ein an der AIM notiertes Öl- und Gasunternehmen, das in der North Slope von Alaska tätig ist, hat die vierteljährliche Rückzahlung von unbesicherten Wandelschuldverschreibungen durch die Ausgabe von Aktien bekannt gegeben. Das Unternehmen wird 3.629.122 neue Stammaktien ausgeben, um eine Gesamtzahlung von 2,597 Millionen US-Dollar zu begleichen, die sich aus 2,45 Millionen US-Dollar an Kapital und 0,147 Millionen US-Dollar an Zinsen zusammensetzt.
Die Wandelschuldverschreibungen, die ursprünglich im Dezember 2021 an Heights Capital Ireland ausgegeben wurden, laufen im Juni 2026 ab. Nach dieser Rückzahlung wird das verbleibende Kapital der Wandelschuldverschreibungen auf 12,25 Millionen US-Dollar reduziert. Die neuen Aktien sollen voraussichtlich um den 20. März 2025 an der AIM zum Handel zugelassen werden, wodurch das gesamte ausgegebene Aktienkapital des Unternehmens auf 1.142.998.513 Stammaktien ansteigt.
- Reduction of convertible bond debt by $2.45 million
- Shareholder dilution through issuance of 3,629,122 new shares
LONDON, GB / ACCESS Newswire / March 17, 2025 / Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas company with
After settlement of the Quarterly Repayment, the principal remaining under the Convertible Bond will be reduced by US
Total Voting Rights
Immediately following Admission, the Company's enlarged issued share capital admitted to trading on AIM will consist of 1,142,998,513 ordinary shares, with each share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. The total voting rights figure of 1,142,998,513 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
-ENDS-
Further information:
UK Corporate and Investor Relations Contact
Pantheon Resources plc
Justin Hondris
contact@pantheonresources.com
Nominated Adviser and Broker
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond
+44 20 7523 8000
Public Relations Contact
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld
+44 20 7138 3204
USA Investor Relations Contact
MZ Group
Lucas Zimmerman, Ian Scargill
+1 949 259 4987
PTHRF@mzgroup.us
IMPORTANT INFORMATION
This Announcement is released by Pantheon Resources plc and contains inside information for the purposes of Article 7 of UK MAR. It is disclosed in accordance with the Group's obligations under Article 17 of UK MAR.
Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Pantheon Resources PLC
View the original press release on ACCESS Newswire
FAQ
What is the current remaining principal on PTHRF's convertible bonds after the quarterly repayment?
How many new shares will PTHRF issue for the Q1 2025 convertible bond payment?
What is the total amount of PTHRF's quarterly convertible bond payment in March 2025?
When will the new PTHRF shares be admitted to trading on AIM?
