The share price of ASX-listed Panoramic Resources rose by nearly 11% on Tuesday after the company announced that it was now debt free.
The company has told shareholders that subsidiary Savannah Nickel Mines had full repaid a A$25-million debt facility from Macquarie Bank, while the miner has also repaid the principal and accrued interest of a subordinated debt facility with Zeta Resources, of which the final payment was approximately A$8.1-million.