Pantera Silver Announces Non-Brokered Private Placement for $3.5 Million CAD

Executive Summary

• Pantera Silver Corp. announced a non‑brokered private placement of up to 5,000,000 Units at $0.50 per unit, targeting gross proceeds of up to $3.5 million.
• Each Unit consists of one common share and ½ Share Purchase Warrant (exercise price $0.75, two‑year term).
• Net proceeds are earmarked for exploration work, potential additional property acquisitions, and general working capital.

Key Details

• Units offered: 5,000,000
• Unit price: $0.50
• Gross proceeds target: up to $3,500,000
• Composition of each Unit:
• 1 Common Share
• ½ Share Purchase Warrant (exercise price $0.75, exercisable for two years from issuance)
• Statutory hold period: 4 months on all securities issued in the placement.
• Closing conditions: Subject to receipt of all required regulatory approvals.
• Allocation priority: Preference will be given to existing shareholders.
• Finder’s fees: May be paid in accordance with TSX Venture Exchange policies.
• Use of proceeds: Exploration activities, possible additional property acquisitions, and general working capital.

Notable Quotes

(No direct quotes were provided in the release.)