Pantoro boosts capital raise to $100 million for Norseman Project expansion
–News Direct–
Pantoro Ltd (ASX:PNR) managing director Paul Cmrlec sits down with Proactives Jonathan Jackson to chat about the increase of its institutional placement by 13.64% to $100 million due to high demand from new and existing, domestic and international institutional investors. This financial backing will support Pantoro's growth initiatives, including the development of the Scotia Underground Mine at the Norseman Project in Western Australia. Originally planned at $88 million, the increase will specifically help restructure the company's balance sheet and accelerate growth operations at the Norseman Project. The raised funds will be used to close out a US$29.6 million Term Loan Facility with Nebari Partners LLC, saving approximately A$18.5 million in principal and...