Gold prices slide further as easing US-China tensions curb haven demand
LONDON - Panthera Resources Plc (AIM:PAT), a gold exploration and development company with assets in West Africa and India, announced Thursday it has issued 2,206,471 new ordinary shares following the conversion of warrants at an exercise price of 6.68 pence per share.
The warrant conversion has raised gross proceeds of £147,392.26 for the company, according to a press release statement.
The warrants were part of terms outlined in the company’s announcement from July 4, 2023. Following this conversion, Panthera Resources still has 11,489,948 warrants outstanding, which remain exercisable at 6.68 pence per warrant until December 10, 2025.
The company has applied to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM, with admission expected to become effective on October 14, 2025. After the admission, Panthera’s issued share capital will comprise 246,549,611 ordinary shares.
Panthera Resources noted that shareholders may use this figure as the denominator for calculations to determine if they need to notify any changes to their interest in the company’s share capital under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
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