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LONDON - Panther Metals plc (LSE:PALM), a company engaged in mineral exploration in Canada, has notified its shareholders of the upcoming General Meeting (GM) to authorize the issuance of new ordinary shares and warrants. This follows the company’s recent announcement on March 12, 2025, regarding the allotment and issue of 362,250 new ordinary shares at a price of 50p each, along with the delivery of an equivalent number of warrants exercisable at 75p.
The GM is scheduled for 9:30 a.m. on April 2, 2025, at the offices of Orrick, Herrington & Sutcliffe (UK) LLP in London. Shareholders are expected to provide their authority for the company to issue the aforementioned settlement shares and the new ordinary shares underlying the warrants.
In preparation for the GM, Panther Metals has published and posted a circular, which includes a form of proxy for shareholders, to facilitate the voting process. The deadline for the receipt of completed proxy forms or electronic proxy appointments via the CREST system is set for 9:30 a.m. on March 31, 2025.
The outcome of the GM will be announced on the day it is held, providing shareholders and the market with information on the approved resolutions. The circular detailing the proposals has been submitted to the National Storage Mechanism and is also available for viewing on the company’s website.
This move by Panther Metals is part of its broader strategy to secure additional funding and facilitate its exploration activities. The company’s focus remains on advancing its projects in Canada, with the support of its shareholders and the capital raised through the issuance of new shares and warrants.
The information provided in this article is based on a press release statement issued by Panther Metals plc.
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