Panthera Resources Raises £2.75 Million in Oversubscribed Fundraising

Panthera Resources Plc (AIM: PAT) raised £2.75 million via an oversubscribed fundraising. The firm conditionally raised £1,881,089.35 through a subscription of 26,872,705 new ordinary shares at 7.0 pence per share, being a discount of 15% from the closing price on 24 February 2025. A further £868,910.65 is being raised through a placing of a maximum of 12,413,009 new shares at the same price. The proceeds will be utilized for working capital and to finance the company's international arbitration claim against India in respect of the Bhukia Gold Project. Admission of the new shares to AIM is anticipated on 12 March 2025.

 

Source: Panthera Resources Plc announcement