PANORAMIC RESOURCES LIMITED ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER

On 5 December 2019, Panoramic Resources Limited (ASX:PAN; “Panoramic” or the “Company”) announced that it was conducting an accelerated non-renounceable entitlement offer to eligible shareholders to subscribe for 1 new fully paid ordinary Panoramic share (“New Share”) for every 6 existing fully paid ordinary Panoramic shares (“Existing Shares”) held at 4pm (Perth time) on 9 December 2019 (“Record Date”) at an issue price of $0.30 per New Share (“Offer Price”) (the “Entitlement Offer”) to raise approximately $31 million (after costs).

The Entitlement Offer is being made by Panoramic without a prospectus or product disclosure document in accordance with section 708AA of the Corporations Act 2001 (Cth) ("Act"), as modified by ASIC Corporations (Non-Traditional Rights Issues) Instrument 2016/84. The Entitlement Offer comprises an offer to eligible institutional shareholders (“Institutional Entitlement Offer”) and an offer to Eligible Retail Shareholders (as defined below) (“Retail Entitlement Offer”) to participate on the same terms. The Entitlement Offer is conditionally underwritten by Morgans Corporate Limited (“Morgans”).

The Institutional Entitlement Offer has already closed - links to the announcements below.