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LONDON - Panthera Resources Plc (AIM:PAT), a gold exploration and development company with assets in West Africa and India, has issued 1,160,494 new ordinary shares following the conversion of warrants, according to a press release statement.
The warrants were exercised at a price of 6.68 pence per warrant, raising gross proceeds of £77,521 for the company. The terms and conditions of these warrants were previously outlined in an announcement dated July 4, 2023.
Following this conversion, Panthera Resources still has 13,696,419 warrants outstanding, which are exercisable at 6.68 pence per warrant until December 10, 2025.
The company has applied to the London Stock Exchange (LON:LSEG) for the new ordinary shares to be admitted to trading on AIM. Admission is expected to become effective with trading of these shares commencing at 8:00 a.m. on or around July 30, 2025.
Upon admission, Panthera’s issued share capital will comprise 243,983,140 ordinary shares. The company confirmed it does not hold any ordinary shares in treasury.
This figure may be used by shareholders 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 managed by Mark Bolton, who serves as Managing Director. The company has appointed Allenby Capital Limited as its Nominated Adviser and Joint Broker, alongside VSA Capital Limited and Novum Securities Limited as additional Joint Brokers.
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