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Share Name Share Symbol Market Type Share ISIN Share Description
Panther Metals Plc LSE:PALM London Ordinary Share IM00BKDM2T52 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 7.40 7.30 7.50 7.40 7.40 7.40 66,026 08:00:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.1 -0.2 - 5

Panther Metals PLC Warrant Extension

17/12/2021 7:00am

UK Regulatory (RNS & others)


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RNS Number : 9677V

Panther Metals PLC

17 December 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

 
 FOR IMMEDIATE RELEASE 
 

PANTHER METALS PLC

("Panther" or the "Company")

(Incorporated in the Isle of Man with company number 009753V)

20 December 2021

Warrant Extension

Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, gives notice that after careful review and giving full consideration to the delays in certain exploration and reconnaissance programmes with respect to its Canadian assets, largely attributable to restrictions on travel and consequent availability of contractors as a result of the global effects of COVID-19, the Company has decided to extend the expiry dates of certain of its outstanding warrants by 2 months from 8 Janaury 2022 to 8 March 2022, primarily to allow investors to assess such further information and results which would otherwise have been expected to be available during the original 24 month life of the warrants.

The Company has 3 classes of warrant in issue and the key details of all 3 classes (as revised) are set out below:

 
 Class:                Exercise Price:   Date of Issue:   Expiry Date: 
 Bookrunner Warrants   6p                8 January 2020   8 March 2022 
  2020 
                      ----------------  ---------------  ------------- 
 Placing Warrants      12p               8 January 2020   8 March 2022 
  January 2020 
                      ----------------  ---------------  ------------- 
 Placing Warrants      18p               22 September     22 September 
  September 2021                          2021             2024* 
                      ----------------  ---------------  ------------- 
 

*Exercise Date remains unchanged.

Given the relatively modest extension to the expiry date of the Bookrunner 2020 Warrants and the Placing Warrants January 2020, the Company does not intend to issue new documentation to holders of the affected warrants and all existing certificates remain valid. Please note that the warrants were all issued in certificated form and are not CREST eligible.

For further information please contact:

Panther Metals PLC:

Darren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743

+44(0) 7971 957 685

Broker:

SI Capital Limited

   Nick Emerson                                                  +44(0) 1438 416 500 

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END

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December 17, 2021 02:00 ET (07:00 GMT)

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