saidJuly 11 that it is aiming to finalize the prospectus for the IPO of itsGum Creek goldassets in Western Australia on the Australian Securities Exchange in September.

The companyannounced the plannedIPO in May, deeming the transaction as the best way to unlock the value of thegold assets.

Panoramichas engaged Somers and Partners Pty. Ltd. to assist with the IPO, which aims toraise A$15 million by way of a priority entitlement to existing Panoramicshareholders. Subject to a formal underwriting agreement, it is also proposedthat Somers will place any potential shortfall in the IPO.

Proceedsfrom the offering are earmarked for Gum Creek's exploration and developmentstudies.

The minerfurther noted that while it intends to proceeds with the IPO, there is noguarantee that the transaction will occur and that the proposed structureremains subject to change at Panoramic's discretion.