REG - Panthera Resources - Update on Issue of Equity Fundraising

Panthera ResourcesAnnouncement

06/03/2025 16:45

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RNS Number : 6854Z  Panthera Resources PLC  06 March 2025

6 March 2025

 

Panthera Resources Plc

("Panthera" or the "Company")

 

Update on Issue of Equity Fundraising

 

Gold exploration and development company Panthera Resources Plc (AIM: PAT),
with assets in West Africa and India, announces the issue of 285,714 new
ordinary shares of 1 pence each in the Company ("Ordinary Shares") subject to
Admission (as defined below). The 285,714 new Ordinary Shares (the "Adviser
Shares") will be issued on the same terms as the Company's equity fundraising
announced on 25 February 2025 and are being issued to a professional adviser
in lieu of accrued fees of approximately £20,000.

 

Accordingly, it is now anticipated that a total of 39,890,438 new Ordinary
Shares comprising the Placing Shares, the Subscription Shares and the Adviser
Shares will admit to trading on AIM on 12 March 2025.

 

Admission to AIM

 

Application has been made to the London Stock Exchange plc for the 39,890,438
new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective and that dealings in the new
Ordinary Shares will commence on AIM at 8.00 a.m. on 12 March 2025.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will comprise
240,779,692 Ordinary Shares. The Company does not hold any Ordinary Shares in
treasury. This figure may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if they are
required to notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

Unless otherwise defined herein, the capitalised defined terms used in this
announcement have the same meaning as those used in the Company's announcement
on 25 February 2025.

 

Contacts

 

Panthera Resources PLC

Mark Bolton (Managing
Director)
+61 411 220 942

 
contact@pantheraresources.com

 

Allenby Capital Limited (Nominated Adviser & Joint
Broker)             +44 (0) 20 3328 5656

John Depasquale / Vivek Bhardwaj (Corporate Finance)

Guy McDougall / Kelly Gardiner (Sales & Corporate Broking)

 

VSA Capital Limited (Joint
Broker)
+44 (0) 20 3005 5000

Andrew Monk / Andrew Raca

 

Novum Securities Limited (Joint
Broker)
+44 (0) 20 7399 9400

Colin Rowbury

 

Subscribe for Regular Updates

 

Follow the Company on Twitter at @PantheraPLC
(https://twitter.com/PantheraPlc)

 

For more information and to subscribe to updates visit: pantheraresources.com
(https://pantheraresources.com/)

 

Forward-looking Statements

This news release contains forward-looking statements that are based on the
Company's current expectations and estimates. Forward-looking statements are
frequently characterised by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other
similar words or statements that certain events or conditions "may" or "will"
occur. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual events or results to
differ materially from estimated or anticipated events or results implied or
expressed in such forward-looking statements. Such factors include, among
others: the actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans continue to be
refined; possible variations in ore grade or recovery rates; accidents, labour
disputes and other risks of the mining industry; delays in obtaining
governmental approvals or financing; and fluctuations in metal prices. There
may be other factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement speaks only
as of the date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or obligation to
update any forward-looking statement, whether as a result of new information,
future events or results or otherwise. Forward-looking statements are not
guarantees of future performance and accordingly, undue reliance should not be
put on such statements due to the inherent uncertainty therein.

 

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