Panoro Energy plans USD 49 million private placement of new shares

Reuters02-25 05:19
Panoro Energy plans USD 49 million private placement of new shares

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment