london stock exchange welcomes panther metals plc to the main market
Panther Metals is a LSE standard-listed mineral exploration company focused on precious metals in Canada and Australia. In parallel with its listing, the company has raised £823,000 at 6p per ordinary share, establishing a market capitalisation of c. £3 million at admission. Proceeds from the listing are to be applied primarily to further exploration of the Big Bear Project in Ontario, Canada, in addition to commencing work on projects held in the Northern Territory, Australia.
Dr. Kerim Sener, Chairman, commented:
"Our migration from NEX on to the LSE represents a major development in the history of the Company. Over the past 18 months the Company has made significant strides to grow its asset portfolio, which is attracting market interest and creating new opportunities to enhance the business. I am particularly pleased to be associated with a strong board of directors, who collectively demonstrate a track-record of success in the sector across multiple jurisdictions. This provides the Company with exceptionally sound foundations to progress its projects and to make new mineral discoveries during what is set to be an exciting decade in the commodity cycle."
Reporting Accountant RSM Corporate Finance LLP, Competent Person SRK Exploration Services Limited , Registrars Computershare Investor Services (IOM) Limited, Directors Darren Hazelwood, Chief Executive Officer , Mitchell Smith Chief Operating Officer, Dr. Kerim Sener, Non-Executive Chairman , Nick O’Reilly, Non-Executive Director , Simon, Rothschild, Non-Executive Director, Kate Asling, Non-Executive, Registered office address Panther Metals plc, Registered Agent Cavendish Trust Company Limited, Company Secretary Cavendish Secretaries Limited, Placing Agents Sl Capital Limited, Peterhouse Capital, Legal adviders to the Company as to English law Orrick Herrington & Sutcliffe (UK) LLP, Legal adviders to the Company as to Isle of Man law Cains Advocates Limited