17 April 2019
Panthera Resources Plc
("Panthera" or "the Company")
Update on Rajasthan High Court Case
Panthera Resources plc (AIM: PAT), the gold exploration and development company with assets in India and West Africa, is pleased to provide an update regarding the pending Rajasthan High Court Case.
As foreshadowed in the Company's recent update on 1 April 2019, the High Court of Rajasthan deferred the pending case to an as yet unspecified later date. It is possible that this case will be heard prior to the completion of the current elections, and if this occurs, we anticipate it will be further deferred until such time as the new government is decided and both the government and the administration begin to return to normal operations.
Indian elections were announced on 12 March and commenced on 11 April. They will continue through 19 May with results to be known on 23 May. As previously noted, once elections are announced in India, election rules prevent the incumbent government from enacting any meaningful legislation or making significant decisions and it is usual for the Courts to follow similar protocols. In the meantime, our very strong Stay Order remains in place and protects the rights of the joint venture over the entire area of the Prospecting Licence application.
Further updates will be provided in due course.
Enquiries
Panthera Resources PLC
Geoff Stanley (CEO) +1 (917) 941 7704
Nominated Advisor and Broker
RFC Ambrian +44 (0) 20 3440 6800
Rob Adamson
Bhavesh Patel
Charlie Cryer
Market Abuse Regulation (MAR) Disclosure
The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014.
