News Releases
Pennine Petroleum Corporation is now Pambili Natural Resources Corporation
A new beginning warrants a new name that better reflects the company’s future, says CEO
PNN closes C$515,000 private placement and fundamental acquisition
Shares expected to resume TSX-V trading in early May
Conditional acceptance of earn-in agreement; final submission of offering extended
Final submission of offering extended to Jan. 31, 2022
TSX-V conditionally accepts $500,000 private placement
As stated previously, PNN will be undertaking a non-brokered financing of up to 20 million units for proceeds of $500,000
Earn-in agreement signed with gold producer; $500,000 private placement announced
The agreement, which is subject to financing, allows PNN to earn up to 75% of the increased future production of the mine by investing US$7.5million in capital expansion and development (including exploration) over the next five years
Shares for debt and corporate update
The increased liquidity makes PNN an increasingly valuable partner in any one of several investment opportunities in the mining sector that are currently under investigation