Panoro Energy ASA said it is launching a private placement of up to about NOK 467 million, or roughly USD 49 million, by issuing up to 19,999,999 new shares at NOK 23.35 per share. The offering comprises a fully underwritten first tranche of 11,694,400 shares and a second tranche of up to 8,305,599 shares subject to shareholder approval at an extraordinary general meeting on 20 March 2026. Proceeds are intended to help fund Panoro’s acquisition of Kosmos International Petroleum, Inc., which holds a 40.375 percent non-operated interest in Block G offshore Equatorial Guinea, as well as for general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Panoro Energy ASA published the original content used to generate this news brief via Cision (Ref. ID: 202602241616BITN____UKPR__EN_20260224-BIT-6042-0) on February 24, 2026, and is solely responsible for the information contained therein.
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