Panthera Resources outlines US$18 million Labola funding deal

Panthera Resources PLC (LSE:PAT)'s Mark Bolton discusses with Proactive the news it has entered into definitive agreements to restructure its ownership interests in Moydow Holdings Limited. Bolton says the proposed transaction will provide funding to the Labola Project of up to US$18 million. He says the deal with DFR provides significant finance to progress the Labola project to the next stage - primarily the bankable feasibility study.