VANCOUVER, BC, June 6, 2024
/CNW/ - Panther Minerals Inc. ("Panther Minerals" or the
"Company") (CSE: PURR), is pleased to announce that the
Company has closed its non-brokered private placement (the
"Private Placement") of ten million shares at 20 cents per share for total aggregate proceeds
of $2 million. In the first
tranche of the Private Placement, which was announced by the
Company in its news release dated May 23,
2024, the Company raised gross proceeds of $1,251,650 through the sale of 6,258,250 common
shares in the capital of the Company (each, a
"Share"). The second and final tranche (the "Second
Tranche") of the Private Placement closed with issuance of
3,741,750 Shares for aggregate proceeds of $748,350.
![Panther Minerals Logo (CNW Group/Panther Minerals Inc.) Panther Minerals Logo (CNW Group/Panther Minerals Inc.)](https://mma.prnewswire.com/media/2432598/Panther_Minerals_Inc__PANTHER_MINERALS%C2%A0CLOSES_SECOND_AND_FINAL_T.jpg)
The proceeds from the Private Placement are going to be used to
fund exploration and for general working capital purposes. The
Shares issued pursuant to the Second Tranche are subject to a four
month and one day hold period expiring October 7, 2024, pursuant to applicable
securities laws. The Company paid finder's fees
of $23,205 in cash to certain arm length parties in
relation to the Second Tranche.
About Panther Minerals Inc.
Panther Minerals Inc. is a mineral exploration company actively
involved in the exploration of its North American project
portfolio.
ON BEHALF OF THE BOARD OF DIRECTORS
Mr. Robert Birmingham, Chief
Executive Officer
The CSE has not reviewed and does not accept responsibility
for the accuracy or adequacy of this release.
Forward-Looking Information
Certain information in this news release may constitute
"forward-looking" information that involves known and unknown
risks, uncertainties, future expectations and other factors which
may cause the actual results, performance or achievements of the
Corporation or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward looking information. When used in this news
release, this information may include words such as "anticipate",
"estimate", "may", "will", "expect", "believe", "plan" and other
terminology. This information reflects current expectations
regarding future events and operating performance and speaks only
as of the date of this news release.
Except as required by law, we assume no obligation to update or
revise forward-looking information to reflect new events or
circumstances. Additional information is available in the
Corporation's Management Discussion and Analysis, which can be
found on SEDAR+ at www.sedarplus.ca.
SOURCE Panther Minerals Inc.