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Panthera Resources Announces £2.75 Million Fundraising for Arbitration Efforts

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Panthera Resources Announces £2.75 Million Fundraising for Arbitration Efforts

Panthera Resources Plc ( (GB:PAT) ) just unveiled an announcement.

Panthera Resources Plc has announced a fundraising initiative to raise up to £2.75 million through a subscription and placing of new ordinary shares. The funds will bolster the company’s working capital as it pursues an international arbitration claim against the Republic of India concerning the Bhukia Gold Project. The proceeds are intended for corporate overheads, legal and advisory costs, and general administrative expenses, ensuring the company remains financially strong during the arbitration process.

More about Panthera Resources Plc

Panthera Resources Plc is a gold exploration and development company focused on identifying and developing gold assets. The company is engaged in international arbitration related to its Bhukia Gold Project, a significant undeveloped gold asset with multi-million-ounce resource potential.

YTD Price Performance: 6.67%

Average Trading Volume: 626,770

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £15.99M

See more insights into PAT stock on TipRanks’ Stock Analysis page.

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