PALM Panther Metals Plc

TIDMPALM

RNS Number : 8983K

Panther Metals PLC

07 September 2021

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 IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("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 .

 
 FOR IMMEDIATE RELEASE 
 

PANTHER METALS PLC

("Panther" or the "Company")

(Incorporated in the Isle of Man with company number 009753V)

7(th) September 2021

Australia - Appointment of Brokers and Australian Capital Raise

Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada and Australia, is pleased to announce that its Australian subsidiary Panther Metals Limited ("PML") has appointed Sanlam Private Wealth Pty Ltd and Kerr Allan Financial Ltd as joint lead managers as PML moves towards listing PML on the Australian Securities Exchange (the "ASX" or "ASX Exchange").

PML has also raised $300,000 Australian dollars to fund the listing process. As a result of the financing, the interest of Panther Metals p lc in PML , has reduced from 89% to 77%.

Darren Hazelwood, Chief Executive Officer, commented:

"Panther Metals plc strategy is now fully in play as we head into an exciting autumn for our shareholders and the Company. Divesting our Australian assets, due to the overwhelming geological evidence of their high nickel and gold prospectivity, whilst maintaining a significant stake in a well-funded vehicle as we advance our Canadian portfolio, has been a key aim of the business in 2021.

The appointment of Sanlam Private Wealth and Kerr Allan Financial as joint lead managers and the pre-IPO capital raise is a pivotal step in achieving the ASX listing and realising our corporate strategy."

About Sanlam Private Wealth

Sanlam Private Wealth has a long-established reputation for providing experienced and professional advice to listed and emerging companies within the full range of capital market activities including equity capital market transactions, equity placements & entitlement offers, initial public offering ("IPO"), private equity & pre-IPO capital raisings, corporate finance, wealth management and funds management.

In addition, Sanlam has extensive international and domestic institutional, family office and high net worth client distribution networks. Sanlam focuses on emerging, nano cap and micro-cap companies that are often overlooked and excluded by other industry investment houses which enables Sanlam to offer its clients niche investment opportunities.

Sanlam's most recent IPO was Lead Manager for TEK-Ocean Group Limited, which raised A$6.6 million, listing on the ASX on 2 September 2021.

About Kerr Allan Financial

Kerr Allan Financial was founded in 2008 by Rohan Kerr, after having gained two decades of experience working at Westpac, Macquarie Bank and UBS dealing with direct and financial intermediaries and institutions.

Kerr Allan Financial deals in options, model portfolios, corporate advice, equity raisings, and institutional research. Spanning two Australian offices in Sydney and Newcastle, they have participated in and/or executed over 100 raises on the ASX.

For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of the Company is Darren Hazelwood, Chief Executive Officer.

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 

Broker:

SI Capital Limited

   Nick Emerson                                                             +44(0) 1438 416 500 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUPUPCBUPGGQQ

(END) Dow Jones Newswires

September 07, 2021 02:00 ET (06:00 GMT)

Panther Metals (LSE:PALM)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024

Panther Metals (LSE:PALM)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024