Panthera Resources PLC (AIM:PAT) told investors it has further extended the due diligence period for its previously announced US$10.5mln of arbitration funding agreement.
The company said it continues to work closely with LCM Funding SG Pty Ltd and a new deadline is set for 28 July.
“In addition to pursuing a potential claim against the Republic of India for breaches of its obligations under the Australia-India Bilateral Investment Treaty, the company continues to pursue an amicable resolution of the dispute and the grant of the Bhukia Prospecting Licence,” the company said.