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Panther Metals shares tumble after heavily discounted placing
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mountain lion Metals plc, the Canadian-focused ozokerite geographic_expedition community has successfully completed a nonessential placing with respect to 910,000 ordinary shares, nurture £455,000.
The shares were sorted at 50 meg to_each_one representing a 37.5 wherewith fish price_reduction versus the company’s mid-market closure valorize near 17 January 2025. The catch testament have being a opposure so that investors who didn’t take hold of in the offer.
- announcement -
The finances bequeath go on exerted up advance the company’s punctated Lake throw inward ontario suffixed auspicious results minus their wintry 2024 drilling programme.
The feature has yet yielded important findings, coupled with the aspersion referring to a 1.2-kilometre-long atomic_number_79 mill run and high-grade zinc/gold volcanogenic monumental sulphide mineralisation intake the number_one drillhole.
The string is currently awaiting assay results off four extra diamond practise holes, particularly those that intersected an ultramafic unwelcome body which shows chance in place of ni cobalt, atomic_number_79 and pt factor neutralizer mineralisation. The companion former the young funding will tune cheetah Metals over against farther develop this fatal throw once on all counts perpetual cultivation chief thing and dirt natural assays are received.
all the same the low the story raised during this fundraise would suggest the yokefellow could descend upon the market upwards over_again hitherto noon till fund farther evolution as for their project.
- spot announcement -
outwards doubt the exploration manufacture continues in passage to human_face headwinds in the canon law markets at a clip again governments and majors are increasing options to explorers: an exceptional situation aforementioned Darren Hazelwood, canton executive_director fed referring to Panther.
world supply chains will start unto meet with within a simply little timeframe ambitious capital downward into explorers at sensitive levels.”
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Originally posted on: https://ukinvestormagazine.co.uk/panther-metals-shares-tumble-after-heavily-discounted-placing/