Business
Equity Financing
Equity Financing.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDIX AND THE INFORMATION IN IT, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, NEW ZEALAND, SINGAPORE OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.\n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"EUWA\")) (\"UK MAR\"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN UK MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED WITHIN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED UNDER UK MAR). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION, WHICH IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n17 June 2024\n \nPanthera Resources Plc\n(\"Panthera\" or the \"Company\")\n \nEquity Financing\n \nPanthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce that it has arranged a conditional equity capital fundraise with new and existing investors for approximately £1.04 million (before expenses) by way of a placing and subscription (together the \"Equity Financing\") in aggregate of 18,906,786 new ordinary shares of 1 pence each in the Company (the \"New Ordinary Shares\") at a price of 5.5 pence per New Ordinary Share (the \"Issue Price\").\n \nAllenby Capital Limited (\"Allenby Capital\"), VSA Capital Limited (\"VSA\") and Novum Securities Limited (\"Novum\") are acting as brokers in connection with the Equity Financing (together, the \"Brokers\").\n \nIt is intended that the net proceeds of the Equity Financing will be used towards the Company's activities in India and West Africa and meeting the Company's working capital commitments.\n \nCommenting on the Equity Financing, Mark Bolton (Managing Director) said:\n \n\"We are delighted to receive this support from existing shareholders as well as welcoming new in...