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.