Pantheon Resources Plc

Canaccord Genuity acts as Nomad, Sole Bookrunner and Broker to Pantheon Resources Plc as part of a $95 million Fundraise

Canaccord Genuity is pleased to announce it has acted as Nomad, Sole Bookrunner and  Broker on the equity component of a $95 million capital raise for Pantheon Resources Plc (“Pantheon” or “Company”) (the “Fundraise”).

Pantheon  (LSE: PANR) is an AIM-quoted oil and gas company with 100% working interests in certain projects located adjacent to transportation and pipeline infrastructure on the Alaska North Slope. The Fundraise consisted of a  $55 million convertible bond issue and an equity fundraise of $40 million consisting of a  placing of new ordinary shares (the “Placing”), a direct subscription of new ordinary shares and a retail offering via the PrimaryBid platform. The Placing was oversubscribed and upsized.

Raising these funds will allow the Company to fully execute its high impact 2022 drilling programme onshore Alaska.  This will include assessing eight targets across three wells; four targets with the re-entry of Talitha #A, and two targets each at Theta West and at its  Alkaid 2H development well which is adjacent to the Dalton Highway and pipeline infrastructure.

The transaction team was led by Henry Fitzgerald-O’Connor, James Asensio, and Gordon Hamilton. ECM execution was undertaken by Sam Lucas. The sales team was led by Ben Knott and Joel Bayley.