Panthera Resources PLC (AIM:PAT) has raised £150,000 of new capital, on top of the recent £785,000 raise.
The prior equity funding, announced on 6 December, was oversubscribed and the company elected to extend the offering to meet demand.
It intends to deploy the funds in support of its activities in India and West Africa and meeting the company's working capital commitments (which is the same as the month’s early injection).
A total of 3 million new shares are being issued, priced at 5p each – in line with the 6 December share sale (which saw 15.7million shares sold).