Panthera Resources PLC RIM Financing Update & Director Dealing (9766J)
August 22 2019 - 10:19AM
UK Regulatory
TIDMPAT
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 GBP500,000 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 GBP0.01p 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 Ordinary Shares of GBP0.01 each
instrument, type of
instrument
------------------------------- --------------------------------
Identification code GB00BD2B4L05
------------------------------- --------------------------------
b) Nature of the Transaction Purchase of shares
------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
2.80 pence 250,000
2.93 pence 250,000
10 pence 500,000
----------
------------------------------- --------------------------------
d) Aggregated information 1,000,000 shares
Aggregated volume Price 6.43 pence
GBP64,325
------------------------------- --------------------------------
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 rns@lseg.com or visit www.rns.com.
END
MSCMMGZRDZNGLZM
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