Business
Issue of Debt
Issue of Debt.
About this update from Panther Metals Plc
[{"type":"text","content":"\n\n31 August 2023\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSE OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF UNITED KINGDOM (\"UK\") DOMESTIC LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) (\"UK MAR\").. IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY UK MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.\nPanther Metals plc\n(\"Panther Metals\" or \"Company\")\n(Incorporated and registered in Isle of Man with company number 009753V)\n \nFunding update - issue of £200,000 in face value of 17% unsecured convertible notes with warrants attached\n \nThe board of directors (\"Board\" or \"Directors\") of Panther Metals plc (LSE: PALM) is pleased to announce that it has raised in aggregate £200,000 (before expenses) by the issue of 17% unsecured convertible loan notes (\"Convertible Loan Notes\") with 12 month' maturity and possible early conversion and warrants attached on a one-for-one basis with an exercise price of 5.5 pence each (\"Warrants\") (together, the \"Subscription\").\nThe following Directors participated in the Subscription:\nDirector Subscription Amount\nDarren Hazelwood £56,000\nNicolas O'Reilly £50,000\nSimon Rothschild £4,000\nFunding highlights:\n• The conversion price of each Convertible Loan Note is 4.1 pence per ordinary share.\n• The Convertible Loan Notes are convertible at the option of the Company into such number of ordinary shares in the capital of the Company as is the product of dividing the amount of an individual holder's Convertible Loan Notes and accrued interest by 4.1 pence.\n• The Warrants are attached...