Kerman & Co advises gold exploration and development company Panthera Resources on its admission to AIM
December 22, 2017
“We relied upon Kerman for solid and sensible advice, which contributed greatly to the overall success of Panthera’s listing.”
Kerman & Co is pleased to announce that it has advised Panthera Resources PLC on its admission to trading on AIM. Panthera is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects. Panthera’s flagship property in India is located in the State of Rajasthan where it operates a joint venture company, in which it holds a 70% interest, which has identified a preliminary JORC-compliant inferred mineral resource of 38.5 million tonnes @ 1.4 g/t gold (1.74 million ounces of gold). Panthera’s market capitalisation on admission was approximately £12.3 million.
The Kerman & Co team was led by Simon Holden and included Jack Kemmish and Alexander Walters. Panthera is the second natural resources exploration and development company that Kerman & Co has advised on admitting to London’s capital markets in the past six months, and marks the end of an extremely active 2017 for the Capital Markets team.
Client partner Simon Holden commented: “We were thrilled to be asked to work with the Panthera team on their listing, which was the culmination on their part of several years hard work and initiative. The transaction proceeded smoothly as a result of the management team’s professionalism and good humour, and we look forward to continuing to build on an already strong relationship.”
Geoff Stanley, Managing Director of Panthera, said: “We are delighted to complete this transaction. We relied upon Kerman for solid and sensible advice, which contributed greatly to the overall success of Panthera’s listing.”