A Locke Lord team led by James Channo (London) represented Canaccord Genuity as the nominated adviser and sole bookrunner in Pantheon Resources plc’s placing of 73,756,314 new Ordinary Shares at a price of 31 pence per Ordinary Share on the London Stock Exchange. Pantheon is an AIM-quoted oil and gas exploration company with working interests of 89.2% - 100% in certain projects located adjacent to transportation and pipeline infrastructure on the Alaska North Slope. Admission will take place and dealings in the new Ordinary Shares will begin on 26 November 2020. The placing, subscription and retail offer was oversubscribed and Pantheon elected to increase the size to $30.2 million. Additional assistance was provided by Nick Jennings (London), Eugene McDermott (Providence) and Rob Evans (New York).
Posted on November 30, 2020