Panther Metals PLC (PALM.L) Update on Plans to List Australian Assets on ASX
Abm May 10, 2021
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:
Darren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
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