Business
Panther Australia PNT Fund Raise
Panther Australia PNT Fund Raise.
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 \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 27 March 2023\n \n \n \n Australia: Rights Issue to Grow Coglia Ni-Co Project\n \n \n \n Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada, informs shareholders that Australian Securities Exchange (\"ASX\") listed Panther Metals Ltd (\"Panther Australia\", ASX:PNT) has launched a new prospectus in respect of a renounceable rights issue to raise up to A$2.7 million Australian dollars (\"AUD\") to grow the nickel-cobalt Mineral Resource at its flagship Coglia Project in Western Australia.\n \n \n \n \n \n Full details of the Panther Australia ASX announcement and prospectus are available to view at the following link:\n \n \n \n \n https://www2.asx.com.au/markets/trade-our-cash-market/announcements.pnt\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Darren Hazelwood, Chief Executive Officer, Panther Metals plc commented:\n \n \n \n \n \n \n \n \n \n \"The raise is in support of a targeted extensional drilling campaign to grow the 70.6 million tonne Inferred Mineral Resource at the Coglia Project as well as to commence maiden drilling campaigns at the Red Flag Nickel Sulphide Project and at 40 Mile Camp.\n \n \n \n \n \n \n \n \n \n The additional capital should help grow the size and confidence of the Coglia Nickel-Cobalt Mineral Resource, driving Panther Australia's premier asset up the value chain.\n \n \n \n \n \n \n \n \n \n The team in Australia have already delivered success at a technical level and we look forward to seeing Coglia and remainder of the project portfolio further advanced with this fresh injection of capital.\"\n \n \n \n \n \n \n \n \n \n Key Details:\n \n \n \n • Panther Australia has lodged a prospectus with the Australian Securities and Investments Commission (\"ASIC\") in respect of a 1-for-2 renounceab...