Pantera arranges $3.5-million private placement

Executive Summary

• Pantera Silver Corp. announced a non‑brokered private placement of up to 7 million units at C$0.50 per unit, targeting gross proceeds of up to C$3.5 million.
• Each unit consists of one common share and one‑half share purchase warrant (exercise price C$0.75) exercisable for two years from issuance.
• Net proceeds are earmarked for exploration work, potential additional property acquisitions, and general working capital.

Key Details

• Placement Size: Up to 7 million units.
• Unit Price: C$0.50 per unit (gross).
• Gross Proceeds Target: Up to C$3.5 million.
• Unit Composition: 1 common share + ½ warrant; warrant exercise price C$0.75, exercisable for two years from issuance.
• Use of Net Proceeds: Exploration activities, possible additional property acquisitions, and general working capital.
• Statutory Hold Period: Securities subject to a four‑month hold period from the date of issuance.
• Closing Conditions: Subject to receipt of all required regulatory approvals.
• Priority Allocation: Preference will be given to existing shareholders.
• Finder’s Fees: Pantera may pay finder’s fees in accordance with TSX Venture Exchange policies.

Notable Quotes

(No direct quotes were provided in the release.)