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LONDON - Panthera Resources Plc (AIM: PAT), a company engaged in gold exploration and development in West Africa and India, has announced the issue of 470,588 new ordinary shares. The issuance comes as a result of warrant conversions at an exercise price of 6.68 pence per warrant, resulting in gross proceeds of £31,435.28 for the company.
The terms and conditions of these warrants were initially detailed in the company’s announcement on July 4, 2023. The new ordinary shares are to be admitted to trading on the Alternative Investment Market (AIM) of the London Stock Exchange (LON:LSEG). Trading is expected to commence at 8.00 a.m. on or around March 24, 2025.
Following the admission of the new shares, Panthera’s issued share capital will total 241,250,280 ordinary shares. The company has confirmed it holds no ordinary shares in treasury. This total share count is significant for shareholders as it serves as the denominator for calculating notifications related to changes in shareholding as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The company’s announcement also included standard cautionary language regarding forward-looking statements, reminding stakeholders that such statements are not guarantees of future performance and are subject to various risks and uncertainties.
This news is based on a press release statement and reflects the latest developments in Panthera Resources’ equity structure as a result of the exercised warrants.
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