Panther Metals PLC Issue of Equity (5283H)
December 04 2020 - 2:00AM
UK Regulatory
TIDMPALM
RNS Number : 5283H
Panther Metals PLC
04 December 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014. UPON THE PUBLICATION OF
THIS ANNOUNCEMENT VIA A REGULATORY NEWS SERVICE, THIS INSIDE
INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN,
THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
PANTHER METALS PLC
("Panther" or the "Company")
(Incorporated in the Isle of Man with company number
009753V)
4 December 2020
Placing
Panther Metals PLC (LSE:PALM), the company focused on mineral
exploration in Canada and Australia, is pleased to announce the
completion of a placing for a total of 3,000,000 ordinary shares
(the "Placing Shares") at a price of 10 pence per Placing Share
(the "Placing Price"), raising gross proceeds of approximately
GBP300,000. The Placing Shares being issued represent approximately
5.54% of Panther's issued ordinary share capital prior to the
Placing. SI Capital Limited ("SI") acted as broker and placing
agent in respect of the Placing.
The Placing Price of 10 pence each represents parity to the
middle market price at the time at which Panther and SI Capital
Limited agreed the Placing Price on 1 December 2020 and a 3.5 pence
premium to the Company's last fund raise in July 2020.
When issued, the Placing Shares will be credited as fully paid
and will rank pari passu in all respects with the existing ordinary
shares in the share capital of the Company, including the right to
receive all dividends and other distributions declared, made or
paid on or in respect of such shares after the date of issue of the
Placing Shares.
Application has been made to the Financial Conduct Authority
("FCA") for admission of the Placing Shares to the standard listing
segment of the Official List and to the London Stock Exchange (the
"LSE") for admission to trading of the Placing Shares on the LSE's
Main Market for listed securities (together "Admission"). It is
expected that Admission will take place at 8.00a.m. on 9 December
2020 and that dealings in the Placing Shares on the LSE's main
market for listed securities will commence at the same time.
Total Voting Rights
Following Admission, the Company's total issued share capital
consists of 57,127,949 Ordinary Shares. The Company does not hold
any Ordinary Shares in treasury.
Therefore, following Admission, the total number of voting
rights in Panther Metals plc is 57,127,949. This figure may be used
by shareholders as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Darren Hazelwood, Chief Executive Officer, commented:
"Our ability to conduct this raise at no discount to market and
with no attached warrants at a 3.5 pence premium to our last
fundraise, demonstrates the support we have from our investor base
as we continue to grow the value of Panther and continue to
progress and expand on our highly prospective Australian and
Canadian asset base. The funds build on our working capital base to
support our exploration activities well into next year. We are
grateful for your support and look forward to sharing the fruits of
our exploration activities in due course."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"),
encompassing information relating to the Placing as described
above, and is disclosed in accordance with the Company's
obligations under Article 17 of MAR.
The person who arranged for the release of this announcement on
behalf of the Company was Darren Hazelwood, Director of the
Company.
End
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer: +44(0)1462429743
and +44(0)7971957685
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
Brokers:
SI Capital Limited
Nick Emerson +44(0) 1438 416 500
Peterhouse Capital Limited
Guy Miller and Duncan Vasey +44(0) 20 7469 0930
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END
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