Two of Panther Metals’ (PALM) senior executives have undertaken a direct share subscription with the company to raise a total of £132,000 at the market mid-price of 69p.
Chief executive Darren Hazelwood subscribed for a total of 155,072 new shares for a consideration of £107,000, taking his and Mrs Hazelwood's total holding to 7.32%.
Executive chairman Nicholas O'Reilly subscribed for a total of 36,232 new shares for a consideration of £25,000, taking his total holding to 113,305 shares, equivalent to 1.92% of the company.
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It’s been a busy few weeks for Panther, what with the acquisition of the Winston project in Canada, and the bolstering of the balance sheet with a move into bitcoin. The shares have risen in response, and but with directors coming in at these new, higher levels, there is clearly appetite for further growth.