10 January 2025
Panthera Resources Plc
("Panthera" or the
"Company")
Conversion Notice and Issue of
Equity
Gold exploration and development company
Panthera Resources Plc (AIM: PAT), with assets in West Africa and
India, announces that it has received notice to convert US$125,000
unsecured convertible loan notes and accrued interest
("CLNs" or "Notes"). Accordingly, the Company will
issue 1,777,948 new ordinary shares of 1 pence each in the Company
(the "Ordinary
Shares").
Details of the terms and conditions of the CLNs
are outlined in the Company's announcement released on 12 November
2024. Following conversion of the CLNs, a further US$125,000
unsecured convertible loan notes remain outstanding.
Admission to
AIM
Application has been made to London Stock
Exchange plc for the 1,777,948 new
Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings in the new
Ordinary Shares will commence on AIM at 8.00 a.m. on or
around 16 January 2025.
Following Admission, the Company's issued share
capital will comprise 198,101,247 Ordinary Shares. The Company does
not hold any Ordinary Shares in treasury. This figure may be used
by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
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)
Guy McDougall / Kelly Gardiner
VSA Capital
Limited (Joint
Broker)
+44 (0) 20 3005 5000
Andrew Monk / Andrew Raca
Novum
Securities Limited (Joint
Broker)
+44 (0) 20 7399 9400
Colin
Rowbury
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For more information and to subscribe to updates
visit: pantheraresources.com
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**
