Last checked at 2 Jul 2020 07:00
2 July 2020
Panthera Resources Plc
("Panthera" or "the Company")
Issue of Equity
Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, announces the issue of equity today to a service provider in lieu of fees.
Pursuant to an agreement between the Company and its key service providers, the Company has today issued 279,363 new Ordinary Shares. These shares, which represent payment for 50% of the fees incurred by the Company with the applicable supplier, is aimed at reducing the Company's cash expenditures. The shares were priced at the 30-day VWAP in the month preceding each respective fee period.
Application will be made to the London Stock Exchange for 279,363 new Ordinary Shares to be admitted to trading on the AIM market with admission expected to occur on or around 8 July 2020 ("Admission"). The issued new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.
Following Admission of the new Ordinary Shares, the issued ordinary share capital of Panthera will consist of 84,984,410 Ordinary Shares.
For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued Ordinary Share capital of Panthera following this allotment consists of 84,984,410 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
Mark Bolton (CEO) +61 (0) 411 220 942
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.