Update on Plans to List Australian Assets on ASX
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU (WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
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FOR IMMEDIATE RELEASE |
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PANTHER METALS PLC
("Panther" or the "Company")
(Incorporated in the Isle of Man with company number 009753V)
10th May 2021
Update on Plans to List Australian Assets on the ASX Exchange
Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada and Australia, is pleased to announce completion of the first stage in the process to pursue a listing of its Australian assets on the Australian Securities Exchange (the "ASX" or "ASX Exchange") with the completion of a pre-IPO seed financing raising AU$300,000.
As a result of the financing, the interest of Panther in its subsidiary, Panther Resources Ltd, has reduced from 100% to 89.3%.
Darren Hazelwood, Chief Executive Officer, commented:
"We are very pleased to announce this first significant step in the process of seeking an ASX listing for Panther Australia. The pre-IPO fundraise was always expected to be step in the process which would validate the proposition and we are confident that the listing will now proceed to ultimate completion. We will keep the market and our stakeholders updated with any further material developments."
For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of Panther is Darren Hazelwood, Chief Executive Officer.
Panther Metals PLC:
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743
+44(0) 7971 957 685
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
Brokers:
SI Capital Limited
Nick Emerson +44(0) 1438 416 500
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