Panoramic backed by Morgans and Zeta

PANORAMIC Resources will raise a total of A$28 million to halve the $40 million owed to Macquarie and provide it additional cash as it works to bring Western Australia's Savannah nickel project back into full production.

Panoramic backed by Morgans and Zeta Panoramic backed by Morgans and Zeta Panoramic backed by Morgans and Zeta Panoramic backed by Morgans and Zeta Panoramic backed by Morgans and Zeta

Panoramic has raised funds to reduce its debts.

The Morgans-underwritten pro-rata renounceable rights issue offers new shares priced at 28c each, with 32% shareholder Zeta Resources committing to its full quota.