- Pantoro (PNR) has entered a trading halt as it gears up for a capital raise announcement
- The trading halt will lift once the announcement is made, or by August 7 at the latest
- The capital raise comes as the company recently made some changes to its board, appointing a new Independent Non-Executive Director
- Pantoro also announced a feasibility study at its Norseman Gold Project is on track to be completed at the end of the quarter
- Shares in Pantoro last traded for 25.5 cents per share
Gold producer Pantoro (PNR) has entered a trading halt as it gears up for a capital raise announcement.
No details have been released at this stage, however, the trading halt will lift by August 7 at the latest, or once the announcement is made.
Today’s capital raise announcement comes as the company recently made some changes to its board, appointing Fiona Van Maanen as its new Independent Non-Executive Director.
She takes over from retiring Independent Non-Executive Director, Michael Jefferies, who was also Pantoro’s former Non-Executive Chairman until early 2020.
The company used the same announcement to provide an update on its Norseman Gold Project, which it acquired last year.
Pantoro said it expects a feasibility study at the project to be completed at the end of the quarter. It also revealed the drilling program at the project was progressing well and delivering strong results.
Before today’s trading halt, shares in Pantoro were trading for 25.5 cents per share on August 4.