Panorama Petroleum is pleased to announce that TSX.V has accepted the second tranche of Company's non-brokered private placement announced on November 25, 2016. The second and final tranche of the placement consists of the issuance of 6,500,000 shares at $0.02 per share for net proceeds of $130,000. Proceeds will be used for staff salaries, legal and third-party corporate expenses as well as for the evaluation of new [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 10, 2017) - Panorama Petroleum Inc. (the "Company") (TSX VENTURE:PPA) is pleased to announce that TSX.V has granted an approval for a first tranche closing for the Company's non-brokered private placement of 3,500,000 shares at $0.02 per share for net proceeds of $70,000. The first tranche closed on January 6, 2017. All shares issued under this private placement will have a [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 5, 2017) - Panorama Petroleum Inc. (the "Company") (TSX VENTURE:PPA) is pleased to announce that all directors proposed by management in its Information Circular have been elected by shareholders at the Annual General Meeting held on December 22, 2016. The Board of Directors have appointed Mr. David Greenway as the new President and CEO of the Company. Mr. Greenway has vast [...]
Panorama Petroleum is pleased to announce that TSX.V has granted a discretionary waiver of the minimum share price for private placements to the Company and conditionally accepted the first tranche of Company's non-brokered private placement of 3,500,000 shares at $0.02 per share for net proceeds of $70,000. This private placement was announced on November 25, 2016. Proceeds will be used for staff salaries, legal and [...]
Panorama Petroleum has arranged on a best efforts basis a non-brokered private placement of up to 10,000,000 shares at $0.02 per share for gross proceeds of up to $200,000. Net proceeds of the private placement will be applied towards working capital and for general corporate purposes. The proposed private placement is subject to TSX Venture Exchange acceptance.
Panorama Petroleum reports that in accordance with Section 3.1(b) of Exchange Policy 2.5, the Exchange has reclassified the Company to Tier 2 effective November 07, 2016. The Company is currently evaluating a few late exploration/early development opportunities in the oil and gas sector.
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