PAN panoramic resources limited
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News: PAN Panoramic Resources updates on disposal agreement

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    22/10/16
    01:28
    Post #: 20045771

    Oct 21 (Reuters) - Panoramic Resources Ltd (PAN) :

    • entered into an agreement with horizon gold under which co has effectively agreed to dispose of pan gold and project to horizon gold.
    • acquisition agreement is conditional on horizon gold raising $15 million before costs by issuing 37.5 million shares at $0.40 per share
    • Panoramic will hold 39 million shares in horizon gold (51%) after listing
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