Panthera Resources PLC Rajasthan Court Hearing and Financing Update (7799Q)
October 23 2019 - 1:00AM
UK Regulatory
TIDMPAT
RNS Number : 7799Q
Panthera Resources PLC
23 October 2019
23 October 2019
Panthera Resources Plc
("Panthera" or "the Company")
Rajasthan Court Hearing and Financing Update
Panthera Resources plc (AIM: PAT), the gold exploration and
development company with assets in India and West Africa, provides
an update on the Court case pending with the Rajasthan High Court
and the recently announced financing agreement with Republic
Investment Management.
MMI's case on behalf of the Joint Venture was not heard on
Friday 18 October 2019 as anticipated and was rescheduled for 22
October 2019. However, it was listed at number 221 and the Court
failed to process the case, again as a result of staffing
shortages. We await confirmation of a new date for the hearing and
will advise the market accordingly.
Additionally, we have been advised by Republic Investment
Management that the final GBP100k tranche of the recently announced
GBP500k financing has been authorised for transfer to Panthera's
account. Upon receipt of those funds we will advise the market
regarding settlement details.
Enquiries
Panthera Resources PLC
Geoff Stanley (CEO) +1 (917) 941 7704
Nominated Advisor and Broker
RFC Ambrian +44 (0) 20 3440 6800
Rob Adamson
Bhavesh Patel
Charlie Cryer
Market Abuse Regulation (MAR) Disclosure
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inside information for the purposes of Article 7 of Regulation
596/2014.
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