IN BRIEF: Pantheon Resources aims to raise GBP5 million in equity
Pantheon Resources PLC - developing Kodiak and Ahpun oil fields on North Slope of US state of Alaska - Plans to raise about GBP5.0 million from an equity raise at 7 pence per share. Non-Executive Chair Michael Spencer, who founded interdealer broker ICAP and also chairs sparkling wine maker Chapel Down Group PLC, has agreed to subscribe for GBP750,000 of this. Pantheon says the fundraise will provide liquidity while the company negotiates a farm-in to its Kodiak field asset. Shares are suspended from trading on Wednesday while Pantheon conducts the equity raise. Read More