17 June 2024
Panthera Resources Plc
("Panthera" or "the
Company")
Issue of Equity for Restructure of Joint
Ventures
Panthera Resources Plc (AIM: PAT), the
diversified gold exploration and development company with assets in
West Africa and India, is pleased to announce that it has issued
135,200 new ordinary shares of 1 pence each in the share capital of
the Company (the "Ordinray Shares") pursuant to the restructure of
the Kalaka ("Kalaka" or the "Kalaka Project") and Bassala
("Bassala" or the "Bassala Project") joint venture agreements as
announced on 6 June 2024.
An application has been made for the 135,200
new Ordinary Shares to be admitted to trading on AIM ("Admission").
It is currently anticipated that Admission will become effective
and that dealings in the new Ordinary Shares will commence on AIM
at 8.00 a.m. on or around 20 June 2024.
Total voting
rights
Following Admission, the number
of Ordinary Shares in issue and number of voting rights will
be 176,123,540. The above
figure may be used by shareholders as the denominator for the
calculations by which they will determine whether they are required
to notify their interest in, or a change to their interest in, the
Company under the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules.
Contacts
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Panthera Resources PLC
Mark Bolton (Managing
Director)
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+61 411
220 942
contact@pantheraresources.com
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Allenby Capital Limited (Nominated Adviser & Joint
Broker)
John Depasquale / Vivek Bhardwaj
(Corporate Finance)
Guy McDougall / Kelly Gardiner (Sales
& Corporate Broking
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+44 (0) 20
3328 5656
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Novum Securities Limited (Joint Broker)
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+44 (0) 20
7399 9400
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Colin Rowbury
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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.
**ENDS**