Australia's Pantera set for best day after lead-silver project acquisition

Pantera Minerals

23/12/2021 02:48

** Shares of silver-miner Pantera Minerals Ltd  PFE.AX  soar
as much as 23.1% to A$0.240, on track for record single day gain
since listing in August 
    ** Says it bought an 80% stake from Bangemall Metals Pty Ltd
 in project Hellcat, a lead-silver project located in Western
Australia, comprising three drill-ready targets  urn:newsml:reuters.com:*:nFWN2T70VD
    ** "The  Hellcat project builds our landholding in Western
Australia and more importantly within the Edmund Basin; an
emerging region for globally significant base  metal  deposits"
- CEO Matthew Hansen
    ** Says acquisition to be funded by a two-tranche share
placement, which aims to raise A$1.5 mln ($1.08 mln) at an issue
price of A$0.20 per share
    ** Stock hits highest since Nov. 19
    ** About 194,000 shares change hands, compared with the
30-day average volume of about 107,630 
    ** Stock down 51.9% as of last close, since its debut this
year

($1 = 1.3883 Australian dollars)

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))