08:32 Wed 17 Jun 2020
Panthera Resources - Extension to Galaxy Partnership
("Panthera" or "the Company")
Extension to
Unless further extended, the new term sheet with Galaxy will terminate on
Background
On
1. The staged investment by Galaxy into IGL;
2. Galaxy providing administrative, legal, permitting and technical support in
3. Galaxy, at IGL's election, may earn additional equity through providing drilling and logistic services upon the re-commencement of exploration at the
4. IGL and Galaxy collaborating towards the potential listing of the
Pursuant to the agreement with Galaxy, Galaxy has completed an initial investment of
The present ownership of IGL comprises 95% held by Panthera and 5% held by Galaxy.
Further details of the agreement with Galaxy are detailed in the announcement on
Enquiries
Nominated Advisor and Broker
RFC Ambrian +44 (0) 20 3440 6800
Rob Adamson
Bhavesh Patel
Charlie Cryer
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