Panther Metals PLC - developing critical minerals projects in Ontario, Canada - Panther’s Sydney-listed spin-off Panther Metals Ltd launches rights issue to raise up to A$2.0 million, about £1.0 million, offering three new shares at A$0.015 for each two already held. Each four new shares come with an option to buy a share at A$0.030 within the next three years. Panther Metals Ltd closes down 3.2% at A$0.030 in Sydney on Friday. The funds raised will be used for drilling that is planned over 10 gold targets at the Laverton gold project in Australia.

Current PLC stock price: 108.00 pence, up 2.9% in London on Friday

12-month change: up 33%

Copyright 2024 Alliance News Ltd. All Rights Reserved.