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RIM Financing Update & Director Dealing

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RNS Number : 9766J
Panthera Resources PLC
22 August 2019
 

22 August 2019

Panthera Resources Plc

("Panthera" or "the Company")

Republic Investment Management (RIM) Financing Update & Director Dealing

 

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, provides an update regarding the RIM restructured financing which was announced on 8 August 2019.

The immediate capital injection of £500,000 at 10 pence per share and the subsequent issue of 5,000,000 New Ordinary Shares, is being split into two parts due to a short delay in settlement.

3,700,000 New Ordinary Shares are now expected to be admitted to trading on AIM on or around 29 August 2019.

The remaining 1,300,000 New Ordinary Shares are expected to be admitted to trading on AIM on or around 6 September 2019. Following the issue of these New Ordinary Shares, the number of Ordinary Shares in issue in the Company will increase to 72,605,556.

As part of the RIM financing, Timothy Hargreaves, Non-Executive Director of the Company has yesterday agreed to subscribe for 500,000 ordinary shares of £0.01p each ("Ordinary Shares") at a price of 10 pence per Ordinary Share. 

The Company also announces that on 2-3 January 2019, Timothy Hargreaves purchased, on market, 500,000 Ordinary Shares at an average price of 2.87 pence per Ordinary Share.

Following these transactions, Timothy Hargreaves's interest in the Company is 1,514,285 Ordinary Shares, which represents approximately 2.1% of the Company's issued Ordinary Share capital.

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

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.

 

PDMR Notification

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Timothy Hargreaves

2.

Reason for the Notification

a)

Position/status

Non-Executive Director

b)

Initial notification/amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Panthera Resources plc

b)

LEI

2138001B98EG6736XN82

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary Shares of £0.01 each

Identification code

GB00BD2B4L05

b)

Nature of the Transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

2.80 pence

2.93 pence

10 pence

250,000

250,000

500,000

d)

Aggregated information

Aggregated volume Price

1,000,000 shares

6.43 pence

£64,325

e)

Date of the transaction

2 January 2019

3 January 2019

21 August 2019

f)

Place of the transaction

AIM (LSE)

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Panthera Resources PLC

Price: 6.25

Market: LSE
Market Cap: £4.78 m
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