Original News Release
Pantera arranges $3.5-million private placement
Mr. Jay Roberge reports
PANTERA SILVER ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR $3.5 MILLION CAD
Pantera Silver Corp. has arranged a non-brokered private placement of up to seven million units at a price of 50 cents per unit for gross proceeds of up to $3.5-million. Each unit will consist of one common share and one-half share purchase warrant at a price of 75 cents, exercisable for a period of two years from the date of issuance. Pantera Silver intends to use the net proceeds from the private placement for exploration work, potential additional property acquisitions and general working capital.
All securities distributed to the private placement will be subject to a statutory hold period of four months from the date of issuance. Closing of the private placement is subject to receipt of all necessary regulatory approvals. Priority will be given to existing shareholders. Pantera may pay finders' fees in connection with the private placement and in accordance with the policies of the TSX Venture Exchange.
About Pantera Silver Corp.
Pantera is a mineral exploration and development company committed to enhancing shareholder value by advancing silver-focused portfolio of mineral projects through collaborative partnerships and highly experienced technical teams. Its primary objective is to implement systematic exploration strategies and technology to make a world-class silver discovery. Pantera will continue to seek out and secure high-quality, unencumbered projects through research, staking and strategic acquisitions. Throughout the process, its mission is to help nurture and maintain prosperous communities by exploring for and discovering resource opportunities that build lasting relationships through honest and respectful business and environmental practices while contributing to the growing needs of mined raw materials for a new green economy.
We seek Safe Harbor.
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