VANCOUVER, BC, May 23, 2024
/CNW/ - Panther Minerals Inc. ("Panther Minerals" or the
"Company") (CSE: PURR), is pleased to announce that the
Company has completed the first tranche of its previously announced
non-brokered private placement ("Private Placement") of
common shares in the capital of the Company ("Shares") for
gross proceeds of C$1,251,650 through
the sale of 6,258,250 Shares at a price of C$0.20 per Share.
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 first tranche of the
Private Placement are subject to a four month and one day hold
period expiring September 24, 2024
pursuant to National Instrument 45-106 – Prospectus
Exemptions. The Company paid a finder's fee of $9,800 in cash to certain arm length parties in
relation to the Private Placement.
As part of and included in this tranche of the Private
Placement, the Company issued 600,000 Shares to settle outstanding
indebtedness in the aggregate amount of C$120,000 pursuant to debt settlement agreements
with certain creditors of the Company.
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
For more information please visit: www.pantherminerals.ca or email
info@pantherminerals.ca.
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.