Pantheon Resources PLC AIM Rule 17 and Schedule 2(g) Update (7738V)
April 16 2021 - 07:12AM
UK Regulatory
TIDMPANR
RNS Number : 7738V
Pantheon Resources PLC
16 April 2021
16 April , 2021
Pantheon Resources plc
AIM Rule 17 and Schedule 2(g) Update
Pantheon Resources plc ("Pantheon" or "the Company"), announces
the following updates to disclosure in relation to Jay Cheatham,
CEO of the Company, pursuant to AIM Rule 17 and Schedule 2(g)(iii)
to (viii) of the AIM Rules.
As previously announced, Pantheon has completely exited its East
Texas assets. As part of this exit, and as disclosed in its annual
account to 30 June 2020 announced on 27 January 2021, Vision
Resources LLC filed for Chapter 7 Bankruptcy in the United States
Bankruptcy Court for the Southern District of Texas Houston
Division on 28 April 2020. These bankruptcy proceedings remain
ongoing but are expected to be concluded later this year.
In connection with these bankruptcy proceedings the Company
provides the following updates in relation to Jay Cheatham, Chief
Executive of the Company, pursuant to AIM Rule 17 and Schedule
2(g)(iii) to (viii) of the AIM Rules.
Mr Cheatham was Sole Manager and CEO of Vision Resources LLC and
Vision Gas Limited, and President and CEO of Vision Operating
Company LLC, all of which are part of the above bankruptcy
proceedings which commenced on 28 April 2020 and remain
ongoing.
-Ends-
Further information:
Pantheon Resources plc +44 20 7484 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity plc (Nominated Adviser and
broker)
Henry Fitzgerald-O'Connor, James Asensio, Angelos
Vlatakis +44 20 7523 8000
Blytheweigh
Tim Blythe, Megan Ray, Alice Mclaren, Madeleine
Gordon-Foxwell +44 20 7138 3204
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END
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