Street Calls of the Week
LONDON - Panthera Resources Plc (AIM:PAT), a gold exploration and development company with assets in West Africa and India, has issued 1,952,942 new ordinary shares following the conversion of warrants at an exercise price of 6.68 pence per warrant, the company announced Thursday.
The warrant conversion has raised gross proceeds of £130,456.53 for the company. According to the company’s statement, these warrants were part of those outlined in an announcement released on July 4, 2023.
Following this conversion, Panthera still has 9,537,006 warrants outstanding that are exercisable at 6.68 pence per warrant until December 10, 2025.
The company has applied to the London Stock Exchange for the new shares to be admitted to trading on AIM, with admission expected to become effective on or around October 22, 2025. After the admission, Panthera’s issued share capital will comprise 248,502,553 ordinary shares.
The company noted that shareholders may use this figure as the denominator for calculations to determine if they need to notify their interest in the company’s share capital under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Panthera Resources is led by Managing Director Mark Bolton. The information was provided in a company press release.
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