Jan 24 (Reuters) - Panoramic Resources Ltd PAN.AX :
* ANNOUNCES FULLY UNDERWRITTEN 1 FOR 7 PRO-RATA RENOUNCEABLE ENTITLEMENT OFFER TO RAISE ABOUT $20.9 MILLION
* OFFER PRICE OF 34 CENTS PER NEW SHARE REPRESENTS A 11.7% DISCOUNT TO LAST CLOSING SHARE PRICE OF 38.5 CENTS