Arbitration Financing Facility Update
Panthera Resources Plc has received confirmation from LCM Funding that their arbitration funding agreement remains unchanged and fully available, despite recent speculation following LCM's strategic review update. The US$13.6 million facility, established to support Indo Gold Pty Ltd's claim against the Republic of India, is currently approximately 50% drawn. Panthera expressed appreciation for LCM's continued financial support and interest in the case.
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Gold exploration and development company Panthera Resources Plc (AIM: PAT), with assets in West Africa and India, provides the following update in relation to the Company's Australian subsidiary, Indo Gold Pty Ltd's ("IGPL's" or the "Claimant") claim against the Republic of India ("India") over the latter's breach of the 1999 Agreement between the Government of Australia and the Government of India on the Promotion and Protection of Investments (the "Treaty").
On 28 February 2023, the Company announced that it had entered an arbitration funding agreement ("AFA") with LCM Funding SG Pty Ltd ("LCM Funding" or the "Funder") (together the "Facility"). LCM Funding is a subsidiary of Litigation Capital Management Limited ("LCM"), a firm quoted on the AIM Market of the London Stock Exchange.
The Company notes the recent speculation regarding the ongoing availability of the Company's US$13.6 million Facility following LCM's 1 October 2025 update on its ongoing strategic review. Panthera is pleased to inform its shareholders that LCM has reaffirmed that the AFA between the two companies remains unchanged and continues to be fully available. The Facility is approximately 50% drawn at this time.
Panthera appreciates the proactive and timely re-confirmation by LCM in addition to its ongoing financial support of and interest in the case.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.