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Panthera Resources (PAT)

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Wednesday 23 October, 2019

Panthera Resources

Rajasthan Court Hearing and Financing Update

RNS Number : 7799Q
Panthera Resources PLC
23 October 2019
 

23 October 2019

 

Panthera Resources Plc

("Panthera" or "the Company")

Rajasthan Court Hearing and Financing Update

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, provides an update on the Court case pending with the Rajasthan High Court and the recently announced financing agreement with Republic Investment Management. 

MMI's case on behalf of the Joint Venture was not heard on Friday 18 October 2019 as anticipated and was rescheduled for 22 October 2019. However, it was listed at number 221 and the Court failed to process the case, again as a result of staffing shortages. We await confirmation of a new date for the hearing and will advise the market accordingly.

Additionally, we have been advised by Republic Investment Management that the final £100k tranche of the recently announced £500k financing has been authorised for transfer to Panthera's account.  Upon receipt of those funds we will advise the market regarding settlement details.


Enquiries

Panthera Resources PLC

Geoff Stanley (CEO)                                      +1 (917) 941 7704

 

Nominated Advisor and Broker

RFC Ambrian                                                  +44 (0) 20 3440 6800

Rob Adamson                                   

Bhavesh Patel

Charlie Cryer

 

Market Abuse Regulation (MAR) Disclosure

The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.

 

 


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