On admission, Panthera Resources had 61 891 270 Ordinary Shares at a listing price of 20 pence per share, giving it an estimated market capitalisation of £12.4 million.
“Today marks an important milestone for Panthera Resources as we announce our admission to the AIM market of the London Stock Exchange,” states Panthera Resources CEO, Geoff Stanley.
“Our listing provides the London market with a very exciting investment opportunity, particularly within our flagship Bhukia project, where we expect to define a world class, open pittable, gold-copper deposit.
“Progress on the granting of the Prospecting Licence has gathered positive momentum at both the Government of India and the Government of Rajasthan levels. The board is optimistic that final approvals can be obtained in the next 6-18 months,” he continues.
“Pending the approval of the Bhukia Prospecting Licence, Panthera Resources’ operating focus will be geared towards our portfolio of assets in Burkina Faso and Mali. These project areas are situated within prospective Birimian greenstone terrains with structural settings typical of where gold deposits are found. Furthermore, Panthera Resources, with its regional connections and capabilities, is in a strong position to capitalise on other prospect opportunities in Burkina Faso, Mali and Ghana.
“Given the highly-experience management team and board, the secure balance sheet, as well as the great range of assets, we are confident that Panthera Resources will deliver excellent results for its shareholders and we look forward to providing the market with updates as work progresses,” concludes Stanley.
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