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Fulcrum Metals PLC Placing, Proposed AIM Admission
Fulcrum Metals PLC Placing, Proposed AIM Admission.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \n \n \n 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\n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIIONS (SI 2019/310) (\"UK MAR\"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n PANTHER METALS PLC\n \n \n \n (\"Panther\" or the \"Company\")\n \n \n (Incorporated in the Isle of Man with company number 009753V)\n \n \n 10 February 2023\n \n \n \n Fulcrum Metals PLC: Placing and Proposed AIM Admission\n \n \n \n \n \n \n Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, is pleased to note that Fulcrum Metals PLC (\"Fulcrum\") have announced the successful pricing of an initial public offering (the \"IPO\") and conditional placing (the \"Placing\") of 17,142,857 Shares at 17.5 pence per ordinary share (the \"Placing Price\") to raise gross proceeds of approximately £3 million.\n \n \n \n \n \n It is expected that Fulcrum's Admission to AIM and dealings in its ordinary shares on the AIM market of the London Stock Exchange plc will commence at 8:00am on 14 February 2023 (\"Admission\") under the TIDM \"FMET\" with a market capitalisation at the Placing Price of £8.725million. The ISIN of the Ordinary Shares is GB00BPCPPZ79.\n \n \n \n \n \n Upon Admission Panther will hold a total of 9,971,839 ordinary shares in Fulcrum representing a 20% interest in the entire issued share capital of Fulcrum, valuing Panther's interest at £1.745m at the Placing Price. In addition, Panther hold a total 714,286 warrants exercisable at 17.5p with a two-year life from the date of Admission and a further 476,190 warrants exercisable at 26.25p with a three-year life.\n \n \n \n \n \n The Admission of Fulcrum concludes the sale of the Big Bear Project as announced 7 April 2022. Panther retains a 2% net smelter ret...