Panther Metals Plans to List Australian Assets on the ASX Exchange



Darren Hazelwood, Chief Executive Officer, commented:


"Our confidence in the Company's portfolio of assets has only strengthened over the last year. As a team with world-class capabilities in the exploration sector we have quickly identified, and acted on, a route to allow each asset to receive the required capital allocation it justly deserves, whilst continuing to create value for our shareholders. The independent listing of Panther Australia not only provides the required capital to develop the assets in that business, but it also simultaneously gives a market value to our subsidiary.


The ASX listing will allow Panther to maintain a material investment in our Australian assets whilst raising new capital for them. In addition, the listing facilitates the integration of the Bonanza and Bluebrook exploration properties into the expanded Australian operation and allows for the financial independence of Panther Australia.


This provides significant upside for Panther and allows us to better manage the opportunities associated with our Canadian assets, whilst obtaining the ASX listing of Panther Australia will also allow us to give serious consideration to other opportunities that could form a generative pipeline in the future.


I'm delighted with the foundation the proposed ASX transaction will give the business, providing cost-efficient exploration capital which works for the company and its shareholders, as we target future growth through exploration success and other innovative ways to expand Panther Metals PLC."

https://www.share-talk.com/darren-hazelwood-ceo-of-panther-metals-plc-palm-l-interview/

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