22nd Nov 2021 22:04
Panther Metals PLC - Malaysia-based company focused on mineral exploration in Canada and Australia - Signs purchase option agreement over multicell mining claims, which covers an area of 7.7 square kilometres to supplement the Obonga project's 235 kilometres of prospective greenstone belt coverage in Ontario, Canada.
The agreement covers the properties known as Wig, Z2 Gold, Tommy W and Otter Gold.
Purchase option price is CAD30,000, and the option gives the company the ability to acquire the claims for CAD200,000 in cash, and 1.5% net smelter return royalty, with the provision for Panther to reduce the royalty to 1.0% NSR through a CAD1.0 million buyback.
Current stock price: 12.25 pence
Year-to-date change: down 18%
By Dayo Laniyan; [email protected]
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