Business
RIM Financing Update & Director Dealing
RIM Financing Update & Director Dealing.
About this update from Panthera Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9766J Panthera Resources PLC 22 August 2019 \n\n22 August 2019\nPanthera Resources Plc\n(\"Panthera\" or \"the Company\")\nRepublic Investment Management (RIM) Financing Update & Director Dealing\n \nPanthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, provides an update regarding the RIM restructured financing which was announced on 8 August 2019. \nThe immediate capital injection of £500,000 at 10 pence per share and the subsequent issue of 5,000,000 New Ordinary Shares, is being split into two parts due to a short delay in settlement. \n3,700,000 New Ordinary Shares are now expected to be admitted to trading on AIM on or around 29 August 2019. \nThe remaining 1,300,000 New Ordinary Shares are expected to be admitted to trading on AIM on or around 6 September 2019. Following the issue of these New Ordinary Shares, the number of Ordinary Shares in issue in the Company will increase to 72,605,556.\nAs part of the RIM financing, Timothy Hargreaves, Non-Executive Director of the Company has yesterday agreed to subscribe for 500,000 ordinary shares of £0.01p each (\"Ordinary Shares\") at a price of 10 pence per Ordinary Share. \nThe Company also announces that on 2-3 January 2019, Timothy Hargreaves purchased, on market, 500,000 Ordinary Shares at an average price of 2.87 pence per Ordinary Share.\nFollowing these transactions, Timothy Hargreaves's interest in the Company is 1,514,285 Ordinary Shares, which represents approximately 2.1% of the Company's issued Ordinary Share capital.\nEnquiries\nPanthera Resources PLC\nGeoff Stanley (CEO) +1 (917) 941 7704\n \nNominated Advisor and Broker\nRFC Ambrian +44 (0) 20 3440 6800\nRob Adamson ...