LONDON - Panthera Resources Plc (AIM: PAT), a gold exploration and development company with projects in West Africa and India, has announced the issuance of 1,000,000 new ordinary shares at 1 pence each following the exercise of warrants. This move has raised gross proceeds of £66,800 for the company.
The exercised warrants, priced at 6.68 pence per share, are part of the terms outlined in Panthera’s announcement on July 4, 2023. The company has applied for these new ordinary shares to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG), with expected dealings to commence at 8:00 a.m. on or around February 27, 2025.
Upon admission, Panthera’s issued share capital will increase to 200,889,254 ordinary shares, with no shares held in treasury. This total share count will serve as a reference for shareholders to determine their notification requirements under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company’s management has not provided any forward-looking statements in conjunction with this announcement, adhering to regulatory standards and focusing on the factual share issuance and its immediate implications for the company’s capital structure.
Investors and interested parties should note that this news is based on a press release statement, and any forward-looking statements from the company carry inherent risks and uncertainties that could cause actual results to differ materially from expectations.
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