Galaxy Tranche 2 payment expected before May 15th

RNS Number : 6438X

Panthera Resources PLC

01 May 2019

 

1 May 2019

Panthera Resources Plc

("Panthera" or "the Company")

Galaxy Tranche 2 Payment Expected before May 15th

Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to provide an update regarding the anticipated payment from Galaxy Gold.

The payment, originally due by 31 March 2019, has been delayed as a result of various administrative issues relating to the Indian financial year and the current elections in India.  We maintain a regular and constructive dialogue with both Galaxy and its principal financial supporter, Hunch Ventures and Investments (Hunch).  The management of Hunch has assured Panthera that funds will be available for processing during the first two weeks of May 2019.

Enquiries

Panthera Resources PLC

Geoff Stanley (CEO)                                      [phone]

Nominated Advisor and Broker

RFC Ambrian                                                  [phone]

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.

 

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