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LONDON - Gold exploration company Panthera Resources Plc (AIM:PAT) announced Thursday it will issue 1,960,735 new ordinary shares following the conversion of warrants at an exercise price of 6.68 pence per warrant.
The warrant conversion will raise approximately £130,977 for the company, according to a press release statement. The new shares are expected to be admitted to trading on AIM around November 26, 2025.
Following the admission of the new shares, Panthera's issued share capital will comprise 251,373,774 ordinary shares. The company confirmed it does not hold any ordinary shares in treasury.
Panthera Resources, which has gold exploration and development assets in West Africa and India, noted that shareholders may use the updated share count as the denominator for calculations to determine if they are required to notify their interest in the company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The company has applied for the new ordinary shares to be admitted to trading on AIM.
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