17th Jun 2024 16:16
Panthera Resources PLC - gold exploration and development company owning multiple assets across West Africa and India - Raises around GBP1.0 million via placing and subscription with new and existing investors at 5.5 pence per share. Proceeds will be used towards the company's activities in India and West Africa and meeting working capital commitments. Managing Director Mark Bolton says: "The equity financing will support our business while we pursue international arbitration against the Government of India, an unusual situation where the company seeks to realise the fair value of the Bhukia project". Further, Panthera issues 135,200 shares to restructure the Kalaka and Bassala joint venture agreements as announced on June 6.
Current stock price: 5.60 pence, up 1.8% on Monday afternoon in London
12-month change: down 19%
By Jeremy Cutler, Alliance News reporter
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