Business
Arbitration Financing Update
Arbitration Financing Update.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n\n22 August 2023\n \nPanthera Resources Plc\n(\"Panthera\" or the \"Company\")\n \nArbitration Financing Update\n \nGold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, provides an update on Indo Gold Pty Ltd's conditional Arbitration Funding Agreement (the \"AFA\") for up to US$10.5 million in litigation financing with LCM Funding SG Pty Ltd (\"LCM\"), as originally announced by the Company on 28 February 2023.\n \nMost recently, on 14 July 2023 the Company announced, amongst other matters, that it had agreed to an extension to 21 August 2023 to allow LCM to complete its detailed due diligence (the \"LCM Due Diligence\"). \n \nThe Company continues to work closely with LCM to progress the due diligence phase. The Company confirms that it has agreed to a further extension to the LCM Due Diligence period to 25 August 2023. \n \nFollowing the successful completion of the LCM Due Diligence, the parties can then move to complete a Funding Confirmation Notice. There can be no assurance that the LCM Due Diligence will be completed to LCM's satisfaction.\n \n \nUnless otherwise defined herein, the capitalised defined terms used in this announcement have the same meaning as those used in the Company's announcement on 28 February 2023.\n \nContacts\n \nPanthera Resources PLC\nMark Bolton (Managing Director) +61 411 220 942\n &nb...