Pantoro completes $43m share placement to fund Norseman

Company News

by Rachael Jones

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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.