Brokers appointed and Capital Raise for subsidiary
Panther Metals PLC (LSE:PALM) the company focused on mineral exploration in Canada and Australia, is pleased to announce that its Australian subsidiary Panther Metals Limited (“PML”) has appointed Sanlam Private Wealth Pty Ltd and Kerr Allan Financial Ltd as joint lead managers as PML moves towards listing PML on the Australian Securities Exchange (the “ASX” or “ASX Exchange”).
PML has also raised $300,000 Australian dollars to fund the listing process. As a result of the financing, the interest of Panther Metals p lc in PML , has reduced from 89% to 77%.
Darren Hazelwood, Chief Executive Officer, commented:
“Panther Metals plc strategy is now fully in play as we head into an exciting autumn for our shareholders and the Company. Divesting our Australian assets, due to the overwhelming geological evidence of their high nickel and gold prospectivity, whilst maintaining a significant stake in a well-funded vehicle as we advance our Canadian portfolio, has been a key aim of the business in 2021.
The appointment of Sanlam Private Wealth and Kerr Allan Financial as joint lead managers and the pre-IPO capital raise is a pivotal step in achieving the ASX listing and realising our corporate strategy.”
About Sanlam Private Wealth
Sanlam Private Wealth has a long-established reputation for providing experienced and professional advice to listed and emerging companies within the full range of capital market activities including equity capital market transactions, equity placements & entitlement offers, initial public offering (“IPO”), private equity & pre-IPO capital raisings, corporate finance, wealth management and funds management.
In addition, Sanlam has extensive international and domestic institutional, family office and high net worth client distribution networks. Sanlam focuses on emerging, nano cap and micro-cap companies that are often overlooked and excluded by other industry investment houses which enables Sanlam to offer its clients niche investment opportunities.
Sanlam’s most recent IPO was Lead Manager for TEK-Ocean Group Limited, which raised A$6.6 million, listing on the ASX on 2 September 2021.
About Kerr Allan Financial
Kerr Allan Financial was founded in 2008 by Rohan Kerr, after having gained two decades of experience working at Westpac, Macquarie Bank and UBS dealing with direct and financial intermediaries and institutions.
Kerr Allan Financial deals in options, model portfolios, corporate advice, equity raisings, and institutional research. Spanning two Australian offices in Sydney and Newcastle, they have participated in and/or executed over 100 raises on the ASX.
For the purposes of UK MAR, the person responsible for arranging for the release of this announcement on behalf of the Company is Darren Hazelwood, Chief Executive Officer.
Panther Metals PLC:
Darren Hazelwood, Chief Executive Officer: +44(0) 1462 429 743
+44(0) 7971 957 685
Mitchell Smith, Chief Operating Officer: +1(604) 209 6678
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