Panthera Resources PLC (AIM:PAT) managing director Mark Bolton speaks to Proactive's Thomas Warner after announcing a conditional arbitration funding agreement for up to US$10.5 million in litigation financing with LCM Funding.
Bolton says that his role at Panthera is to help resolve the "regulatory issues" the company has encountered in India and "extract maximum value for shareholders".
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Panthera Resources PLC is a United Kingdom-based gold exploration and development company with key assets in West Africa and India. The Companyâs flagship property in India is in the state of Rajasthan. The Company's projects include Bhukia, Cascades, Bido, Kalaka, and Bassala. The Bhukia Project consists of a prospecting license (PL) application that lies within the former Jagpura Reconnaissance Permit Tenement. The Cascades gold exploration project is in the Banfora greenstone belt of the West African Birimian Supergroup in southwest Burkina Faso. The Bido permit in Burkina Faso is located on the Koudougou quadrangle some 125 kilometers (km) WSW of the capital Ouagadougou. The Kalaka Project is located in southeast Mali, between Morila and Syama gold mines and is approximately 260 km southeast of Bamako. The Bassala project is located within the highly gold-endowed Birimian volcano-sedimentary belt in southwestern Mali, approximately 200 km south of the capital city, Bamako.