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Panthera Resources PLC   -  PAT   

Galaxy Tranche 2 payment expected before May 15th

Released 07:00 01-May-2019

RNS Number : 6438X
Panthera Resources PLC
01 May 2019
 

 

 

 

 

 

 

 

 

1 May 2019

 

 

 

Panthera Resources Plc

("Panthera" or "the Company")

Galaxy Tranche 2 Payment Expected before May 15th

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to provide an update regarding the anticipated payment from Galaxy Gold.

The payment, originally due by 31 March 2019, has been delayed as a result of various administrative issues relating to the Indian financial year and the current elections in India.  We maintain a regular and constructive dialogue with both Galaxy and its principal financial supporter, Hunch Ventures and Investments (Hunch).  The management of Hunch has assured Panthera that funds will be available for processing during the first two weeks of May 2019.

 

Enquiries

Panthera Resources PLC

Geoff Stanley (CEO)                                      +1 (917) 941 7704

 

Nominated Advisor and Broker

RFC Ambrian                                                  +44 (0) 20 3440 6800

Rob Adamson                                   

Bhavesh Patel

Charlie Cryer

 

Market Abuse Regulation (MAR) Disclosure

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.

 


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Galaxy Tranche 2 payment expected before May 15th - RNS