18th May 2020 07:00
(Alliance News) - Panthera Resources PLC, a gold exploration with assets in India and west Africa, on Friday said it raised GBP349,390 through an equity issue.
The company has issued 9.5 million new shares at 3.68 pence per share. Shares on Friday closed at 4.75p each.
Panthera said certain directors also participated in the equity financing. Chair Michael Higgins bought 705,000 shares; Managing Director Mark Bolton acquired 350,000 shares and Non-Executive Director Timothy Hargreaves 286,739 shares.
Managing Director Bolton said: "Panthera Resources continues to focus its efforts in securing the necessary approvals and licences for the company's flagship asset, the multi-million ounce Bhukia gold project in India. We appreciate the commitment from our shareholders and directors as the company moves forward in this challenging investment climate".
By Tapan Panchal; tapanpanchal@alliancenews.com
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