Business
Further re IPO of Panther Metals Limited
Further re IPO of Panther Metals Limited.
About this update from Panther Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 5830R\n Panther Metals PLC\n 08 November 2021\n \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 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) REGULATIONS (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 \n \n \n FOR IMMEDIATE RELEASE\n \n \n \n \n \n \n \n \n \n PANTHER METALS PLC\n \n \n (\"Panther\" or the \"Company\")\n \n \n (Incorporated in the Isle of Man with company number 009753V)\n \n \n 8 November 2021\n \n \n \n \n \n Proposed Listing on the ASX-Update\n \n \n \n \n \n \n \n \n \n \n \n Panther Metals Limited (\"PML\"), the Australian subsidiary of Panther Metals plc confirms today that it is expecting to list on the Australian Securities Exchange (\"ASX\") on the 10 December 2021, following an initial public offering (\"IPO\") to raise A$5,000,000 following the issue of 25,000,000 ordinary shares in PML (the \"Offer\"). The fundraise is being supported by Sanlam Private Wealth Pty Ltd and Kerr Allan Financial Pty Ltd as joint lead managers. \n \n \n \n \n \n As a result of this fundraise Panther Metals plc will be diluted to 36.6% of PML, which will have 54,625,001 (undiluted) shares in issue following the IPO. The opening date of the Offer is 8 November 2021 and the closing date of the Offer is 22 November 2021; the issue of shares under the Offer is expected to occur on 26 November 2021. \n \n \n \n \n \n Shareholders are referred to the Panther Metals Limited website for more information: \n \n \n http://www.panthermetals.com.au\n \n \n \n \n \n \n \n \n \n \n Darren Hazelwood, Chief Executive Officer, commented:\n \n \n \n \n \n \n \n \n \"Providing the working capital to develop the exciting portfolio held in Australia by Panther Metals Limited is the ...