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
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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.
