Update on Rajasthan High Court Case

RNS Number : 4841W

Panthera Resources PLC

17 April 2019

 

17 April 2019

Panthera Resources Plc

("Panthera" or "the Company")

Update on Rajasthan High Court Case

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 pending Rajasthan High Court Case.

As foreshadowed in the Company's recent update on 1 April 2019, the High Court of Rajasthan deferred the pending case to an as yet unspecified later date.  It is possible that this case will be heard prior to the completion of the current elections, and if this occurs, we anticipate it will be further deferred until such time as the new government is decided and both the government and the administration begin to return to normal operations.

Indian elections were announced on 12 March and commenced on 11 April.  They will continue through 19 May with results to be known on 23 May.  As previously noted, once elections are announced in India, election rules prevent the incumbent government from enacting any meaningful legislation or making significant decisions and it is usual for the Courts to follow similar protocols.  In the meantime, our very strong Stay Order remains in place and protects the rights of the joint venture over the entire area of the Prospecting Licence application. 

Further updates will be provided in due course.

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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