tiprankstipranks

Panthera Resources PLC Successfully Raises £2.77 Million in Oversubscribed Fundraising

Story Highlights
  • Panthera Resources PLC completed an oversubscribed equity fundraising, raising £2.77 million.
  • The fundraising will result in 39.6 million new shares, supporting ongoing projects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Panthera Resources PLC Successfully Raises £2.77 Million in Oversubscribed Fundraising

The latest announcement is out from Panthera Resources Plc ( (GB:PAT) ).

Panthera Resources PLC announced the successful completion of an oversubscribed equity fundraising, raising approximately £2.77 million through the issuance of new shares. This fundraising effort, conducted via an accelerated bookbuild, will result in the issuance of 39,604,724 new ordinary shares, representing about 16.5% of the company’s enlarged share capital. The funds raised are expected to support the company’s ongoing projects and strengthen its position in the gold exploration industry.

More about Panthera Resources Plc

Panthera Resources PLC is a gold exploration and development company focused on high-potential gold assets in West Africa and India. The company is primarily engaged in advancing the arbitration claim on its Bhukia Gold Project in India and has a diversified portfolio of gold projects across Mali and Burkina Faso. Panthera is led by an experienced management team with a strong track record in gold exploration and project development.

YTD Price Performance: 6.67%

Average Trading Volume: 626,770

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £15.99M

See more data about PAT stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App