Panther Metals Ltd. (AU:PNT) has released an update.
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Panther Metals Ltd. announces a pro-rata renounceable entitlement offer, aiming to raise up to $1,961,238 by issuing three new shares for every two held at $0.015 each, with additional incentives in the form of options. Cumulus Wealth Pty Ltd. will receive options for acting as the sub-underwriter and lead manager. The offer, which is highly speculative and conditionally underwritten by Westar Capital Limited, seeks to attract investors despite being restricted to certain jurisdictions.
For further insights into AU:PNT stock, check out TipRanks’ Stock Analysis page.
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