Druces has advised Panthera Resources Plc, a gold exploration and development company focused on assets in West Africa and India, on its £2.69 million placing and subscription fundraising and related AIM matters. The transaction also included a proposed £0.44 million sale of existing shares by the Company’s Non-Executive Chairman, intended in part to satisfy excess investor demand. 

The fundraising comprised a subscription raising approximately £1.80 million and a placing raising approximately £0.89 million through the issue of new ordinary shares. 

David Smith, Consultant at Druces, commented: 

“Druces has worked with Panthera for many years, and we were delighted to be able to help them with this fundraise.” 

The Druces deal team was led by Mark Lamph, Senior Associate, and supported by David Smith, Consultant. 

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