Panther Metals PLC - Isle of Man-based company focused on mineral exploration in Canada and Australia - Australian subsidiary Panther Metals Ltd appoints Sanlam Private Wealth Pty Ltd and Kerr Allan Financial Ltd as joint lead managers for listing on Australian Securities Exchange. Panther Metals Ltd raises AUD300,000 to fund listing, consequently reducing Panther Metals PLC interest to 77% from 89%.
"Divesting our Australian assets, due to the overwhelming geological evidence of their high nickel and gold prospectivity, whilst maintaining a significant stake in a well-funded vehicle as we advance our Canadian portfolio, has been a key aim of the business in 2021," says Chief Executive Darren Hazelwood. "The appointment of Sanlam Private Wealth and Kerr Allan Financial as joint lead managers and the pre-IPO capital raise is a pivotal step in achieving the ASX listing and realising our corporate strategy."
Current stock price: 13.31 pence, up 5.4% on Tuesday
Year-to-date change: down 11%
By Josie O'Brien; josieobrien@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Panther Metals (PALM)