Pantoro Limited Reduces Debt Through Convertible Loan Conversion

Tip Ranks
2025.03.18 07:26
portai
I'm PortAI, I can summarize articles.

Pantoro Limited has announced the conversion of a portion of its Convertible Loan Facility by Nebari Partners LLC into fully paid ordinary shares, reducing its total debt to approximately US$8.36 million. This strategic move aims to enhance the company's financial stability and market positioning. Pantoro, based in Western Australia, focuses on its Norseman Gold Project, one of Australia's highest-grade goldfields, and is committed to long-term growth in the WA mining sector.