Panthera Resources PLC Results of General Meeting (3890O)
29 January 2019 - 7:37PM
UK Regulatory
TIDMPAT
RNS Number : 3890O
Panthera Resources PLC
29 January 2019
29 January 2019
Panthera Resources Plc
("Panthera" or "the Company")
Results of General Meeting
Panthera Resources plc (AIM: PAT), the gold exploration and
development company with assets in India and West Africa, is
pleased to announce that the two resolutions put to the General
Meeting of Shareholders held at 2pm on Monday 28 January 2019 were
passed unanimously.
The first of the two resolutions provides directors with the
ability to raise capital if and when required by the business.
Nevertheless, with current cash holdings exceeding A$350k and a
cash infusion from the recently announced Galaxy transaction of
approximately A$700k (US$500) scheduled for 1Q 2019, the Board has
no current plans to raise additional capital.
The second resolution allows the company to issue shares in lieu
of cash payments foregone by directors, management and affiliates
during 4Q 2018 to help the Company preserve its cash position.
Enquiries
Panthera Resources PLC
Geoff Stanley (CEO) +1 (917) 941 7704
Nominated Advisor and Broker
RFC Ambrian +44 (0) 20 3440 6800
Rob Adamson
Bhavesh Patel
Charlie Cryer
Market Abuse Regulation (MAR) Disclosure
The information communicated in this announcement includes
inside information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS, the news service of the
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END
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