Base metals developer Panoramic Resources has received firm commitments for an initial A$5-million capital raise, and has announced a 1-for-13 pro-rata renounceable entitlement offer to raise a further A$14.8-million.
Panoramic last week revealed the need to raise at least A$19-million as part of amendments to its current financing agreement over the Savannah project, after a slower-than-expected ramp-up.