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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Panthera Resources Plc | LSE:PAT | London | Ordinary Share | GB00BD2B4L05 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.15 | 4.80 | 5.50 | 5.20 | 5.15 | 5.15 | 8,050 | 08:00:03 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -3.14M | -0.0184 | -2.80 | 8.81M |
TIDMPAT
RNS Number : 7194L
Panthera Resources PLC
09 September 2019
9 August 2019
Panthera Resources Plc
("Panthera" or "the Company")
Republic Investment Management (RIM) Financing Progress
Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to update the market regarding the progress of the recently renegotiated financing package with RIM.
As previously announced on 8 August 2019, Tranche 3 of the RIM financing was restructured and split into two separate investment tranches. Tranche 3A is for gross proceeds of GBP500,000 at 10 pence per share. The Company has now received GBP400,000 of the GBP500,000 contractual commitment from RIM and the remaining GBP100,000 is expected within the next few weeks. A further update on timing will be provided in due course.
The payment timing for Tranche 3B of A$1.76 million will be made (as previously agreed) upon receipt of approvals to recommence exploration at the Bhukia JV project in India. Tranche 3B is now to be priced at a 15% discount to the 20 day VWAP at that time.
The RIM funding involves multiple parties, each with their own particular investment circumstances, which has resulted in varied timing of the receipt of funds. Nevertheless, the investment process and funding has proceeded very smoothly and we are grateful for the ongoing support of the RIM shareholders.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued Ordinary Share capital of Panthera is currently 73,910,751 Ordinary Shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Panthera under the DTRs.
Enquiries
Panthera Resources PLC
Geoff Stanley (CEO) +1 (917) 941 7704
Nominated Advisor and Broker
RFC Ambrian +44 (0) 20 3440 6800
Rob Adamson
Bhavesh Patel
Charlie Cryer
Market Abuse Regulation (MAR) Disclosure
The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
September 09, 2019 11:58 ET (15:58 GMT)
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