TIDMPAT
RNS Number : 1335N
Panthera Resources PLC
28 January 2021
28 January 2021
Panthera Resources Plc
(Panthera or the Company)
Warrant Conversion Commitments
Issue of Shares
Panthera Resources Plc (AIM: PAT), the diversified gold
exploration and development company with assets in West Africa and
India, is pleased to announce additional warrant conversions and
the exercise of unlisted options to ordinary Panthera Shares.
Warrant Conversions
The Company announces that it has issued 1,777,935 new ordinary
Panthera shares following the conversion of 1,777,935 warrants at
an exercise price of 6.68 pence per warrant for gross proceeds of
GBP118,766. The warrant conversion was pursuant to the commitments
announced on 14 December 2020. All warrants pursuant to commitments
as announced on 9 November 2020 and 14 December 2020 have now been
exercised.
There are no transaction and advisory fees payable for the early
conversion of the warrants.
Warrant Conversion Commitments
The Company announced on 9 November, 14 December and 24 December
2020 that 4,247,149 warrants were committed to be exercised early
on or before a variety of days but none later than 31 January 2021.
All of the 1,777,935 warrants converted were subject to warrant
conversion commitments.
A summary of the movements in warrant conversion commitments as
at the date of this RNS is presented in the table below:
Number GBP
------------ ----------
Warrant Conversion Commitments
* Previous (9 Nov 2020) 1,798,344 120,129
* Previous (14 Dec 2020) 1,777,935 118,766
* Previous (24 Dec 2020) 670,870 44,814
------------ ----------
4,247,149 283,709
Less Converted
* Previous (14 Dec 2020) (1,438,289) (96,078)
* Previous (24 Dec 2020) (360,055) (24,051)
* Additional (27 Jan 2021) (1,777,935) (118,766)
Balance of Outstanding Commitments 670,870 44,814
------------ ----------
Exercise of Options
The Company also announces that it has issued 468,741 new
ordinary Panthera shares following the exercise of 468,741 unlisted
options at an exercise price of AUD 0.05 each (GBP0.0284). The
options were exercisable at AUD 0.05 on or before 1 July 2022.
Application for Admission
Application will be made to the London Stock Exchange for
2,246,676 new ordinary Panthera shares to be issued in respect of
the above exercise of warrants and options, to be admitted to
trading on the AIM market with admission expected to occur on or
around 3 February 2021 (Admission). The issued new ordinary
Panthera shares will rank pari passu in all respects with the
existing ordinary Panthera shares.
Following Admission of the new ordinary Panthera shares, the
issued ordinary share capital of Panthera will consist of
90,712,703 Ordinary Shares.
For the purposes of the Financial Conduct Authority's Disclosure
and Transparency Rules (DTRs), the issued Ordinary Share capital of
Panthera following this allotment consists of 90,712,703 Ordinary
Shares with voting rights attached (one vote per share). There are
no shares held in treasury. This total voting rights figure may be
used by shareholders as the denominator for the calculation by
which they will determine whether they are required to notify their
interest in, or a change to their interest in, Panthera under the
DTRs.
Contacts
Panthera Resources PLC +61 411 220 942
Mark Bolton (Managing Director) contact@pantheraresources.com
Financial Public Relations
Vigo Communications Ltd
Simon Woods
Chris McMahon +44 (0)20 7390 0230
Nominated Advisor and Broker
RFC Ambrian
Rob Adamson
Bhavesh Patel
Charlie Cryer +44 (0) 20 3440 6800
Subscribe for Regular Updates
Follow the Company on Twitter at @PantheraPLC
For more information and to subscribe to updates please visit:
www.pantheraresources.com
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
Forward-looking Statements
This news release contains forward-looking statements that are
based on the Company's current expectations and estimates.
Forward-looking statements are frequently characterised by words
such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or
"will" occur. Such forward-looking statements involve known and
unknown risks, uncertainties, and other factors that could cause
actual events or results to differ materially from estimated or
anticipated events or results implied or expressed in such
forward-looking statements. Such factors include, among others: the
actual results of current exploration activities; conclusions of
economic evaluations; changes in project parameters as plans
continue to be refined; possible variations in ore grade or
recovery rates; accidents, labour disputes, and other risks of the
mining industry; delays in obtaining governmental approvals or
financing; and fluctuations in metal prices. There may be other
factors that cause actions, events, or results not to be as
anticipated, estimated, or intended. Any forward-looking statement
speaks only as of the date on which it is made and, except as may
be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement,
whether as a result of new information, future events, or results
or otherwise. Forward-looking statements are not guarantees of
future performance and accordingly, undue reliance should not be
put on such statements due to the inherent uncertainty therein.
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END
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