IN BRIEF: Pantheon Resources issue shares to repay 2026 bonds

Writer,

Pantheon Resources PLC - London-based oil and gas company focused on Alaska - Elects to pay the quarterly principal repayment of $2.5 million and interest payment of $465,500 for its senior unsecured convertible bonds due 2026, leading to the issue of 2.8 million shares.

Following the settlement of the repayment, the principal remaining under the bond will be $44.1 million, and Pantheon will have 767.7 million shares issued overall.

Current stock price: 94.60 pence

12-month change: up sharply from 29.50p

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