Panther Metals PLC - mineral exploration in Canada - Raises GBP360,000, as planned, from placing of 4.5 million shares at 8 pence each. The new shares represent 6.3% of the company's enlarged equity. SI Capital Ltd acted as sole bookrunner for the placing. Panther will use the cash for test drilling at the Awkward platinum and paladium prospect and geophysical targeting at Wishbone, both on the Obonga greenstone belt in the province of Ontario.
Current stock price: 8.20 pence, down 1.2% on Monday
12-month change: down 37%
By Tom Waite; thomaslwaite@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Panther Metals (PALM)