Panthera Resources PLC Arbitration Financing Update (2003J)
August 14 2023 - 1:00AM
UK Regulatory
TIDMPAT
RNS Number : 2003J
Panthera Resources PLC
14 August 2023
14 August 2023
Panthera Resources Plc
("Panthera" or the "Company")
Arbitration Financing Update
Gold exploration and development company Panthera Resources Plc
(AIM: PAT), with assets in West Africa and India, provides an
update on Indo Gold Pty Ltd's conditional Arbitration Funding
Agreement (the "AFA") for up to US$10.5 million in litigation
financing with LCM Funding SG Pty Ltd ("LCM"), as originally
announced by the Company on 28 February 2023.
Most recently, on 31 July 2023 the Company announced, amongst
other matters, that it had agreed to an extension to 11 August 2023
to allow LCM to complete its detailed due diligence (the "LCM Due
Diligence").
The Company continues to work closely with LCM to progress the
due diligence phase. The Company confirms that it has agreed to a
further extension to the LCM Due Diligence period to 21 August
2023.
Following the successful completion of the LCM Due Diligence,
the parties can then move to complete a Funding Confirmation
Notice. There can be no assurance that the LCM Due Diligence will
be completed to LCM's satisfaction.
Unless otherwise defined herein, the capitalised defined terms
used in this announcement have the same meaning as those used in
the Company's announcement on 28 February 2023.
Contacts
Panthera Resources PLC
Mark Bolton (Managing Director) +61 411 220 942
contact@pantheraresources.com
Allenby Capital Limited (Nominated Adviser & Joint Broker) +44 (0) 20 3328 5656
John Depasquale / Vivek Bhardwaj (Corporate Finance)
Kelly Gardiner / Stefano Aquilino (Sales & Corporate
Broking)
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9400
Colin Rowbury
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Follow the Company on Twitter at @PantheraPLC
For more information and to subscribe to updates visit:
pantheraresources.com
UK Market Abuse Regulation (UK MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information for the purposes of
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310. Upon the publication of this announcement via a
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
Forward-looking Statements
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events or results or
otherwise. Forward-looking statements are not guarantees of future
performance and accordingly, undue reliance should not be put on
such statements due to the inherent uncertainty therein.
**ENDS**
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END
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