|Go to market news section|
29 January 2019
Panthera Resources Plc
("Panthera" or "the Company")
Results of General Meeting
Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to announce that the two resolutions put to the General Meeting of Shareholders held at 2pm on Monday 28 January 2019 were passed unanimously.
The first of the two resolutions provides directors with the ability to raise capital if and when required by the business. Nevertheless, with current cash holdings exceeding A$350k and a cash infusion from the recently announced Galaxy transaction of approximately A$700k (US$500) scheduled for 1Q 2019, the Board has no current plans to raise additional capital.
The second resolution allows the company to issue shares in lieu of cash payments foregone by directors, management and affiliates during 4Q 2018 to help the Company preserve its cash position.
Panthera Resources PLC
Geoff Stanley (CEO) +1 (917) 941 7704
Nominated Advisor and Broker
RFC Ambrian +44 (0) 20 3440 6800
Market Abuse Regulation (MAR) Disclosure
The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
|©London Stock Exchange plc. All rights reserved|