High grade gold producer Pantoro (ASX:PNR) has completed it fully underwritten $43 million share placement to fund the acquisition and joint venture of the Central Norseman Gold Project.
The placement was strongly taken up by North American, UK, Asian and domestic specialist funds as well as Pantoro’s existing shareholder base.
It was supported by Joint Lead Managers Bell Potter Securities Limited, Argonaut Securities and Hartleys.
Pantoro intends to immediately start work at Norseman and restart production as soon as possible.
Shares in Pantoro (ASX:PNR) are trading 6.82 per cent lower at 21 cents.