News: PAN Panoramic Resources Starts Data Room For Number Of Parties To Conduct Due Diligence

Nov 22 (Reuters) - Panoramic Resource

• ESTABLISHED A DATA ROOM AND WILL PROVIDE A NUMBER OF PARTIES, INCLUDING IGO, WITH INFORMATION TO CONDUCT DUE DILIGENCE
• OPERATIONAL REVIEW IS CURRENTLY UNDERWAY TARGETING AN IMPROVED OPERATIONAL PERFORMANCE AT SAVANNAH
• DATA ROOM TO PROVIDE OPPORTUNITY TO PUT FORWARD ALTERNATIVE PROPOSALS TO MAXIMISE VALUE FOR PANORAMIC SHAREHOLDERS
• FIRST DEVELOPMENT ORE PRODUCED FROM SAVANNAH NORTH DEPOSIT THIS WEEK & ORE PRODUCTION EXPECTED TO RAMP UP OVER COMING QUARTERS
• NO CERTAINTY THAT ANY ALTERNATIVE PROPOSAL WILL BE PUT FORWARD,
• REITERATES ITS PREVIOUS ADVICE THAT PANORAMIC SHAREHOLDERS TAKE NO ACTION IN RELATION TO IGO OFFER
• NOTES THERE IS NO CERTAINTY THERE WILL BE RECOMMENDATION IN FAVOUR OF ANY ALTERNATIVE PROPOSAL BY PANORAMIC BOARD