Panther Minerals Closes Fully Subscribed $2.3 Million LIFE Offering and Concurrent Private Placement

Executive Summary

• Panther Minerals successfully closed its non‑brokered listed issuer financing exemption (LIFE) offering and a concurrent private placement, fully subscribed for total gross proceeds of $2,300,320.
• The company issued 627,000 units in the LIFE offering ($100,320) and 13,750,000 units in the private placement ($2,200,000), each unit consisting of one common share plus a warrant.
• Net proceeds will be used for general working capital, advancement of mineral projects, and repayment of outstanding obligations.

Key Details

• Total Gross Proceeds: $2,300,320.
• LIFE Offering: 627,000 units @ $0.16 per unit (aggregate $100,320). Each unit = 1 common share + 1 warrant (exercise price $0.21, 24‑month term, exercisable after 60 days).
• Private Placement: 13,750,000 units @ $0.16 per unit (aggregate $2,200,000). Each unit = 1 common share + 1 warrant (exercise price $0.25, 24‑month term). Shares subject to a statutory hold period of 4 months + 1 day.
• Broker Warrants Issued: 43,890 warrants for the LIFE offering; 881,125 warrants for the private placement – same terms as the respective offering warrants.
• Finder’s Compensation: Cash fees of $7,022.40 (LIFE) and $140,980 (Private Placement) paid to Leede Financial Inc.; additionally, 1,000,000 common shares (“Finder’s Shares”) issued to Leede Financial as service consideration.
• Use of Proceeds: General working capital, corporate purposes, advancement of mineral projects, repayment of outstanding obligations.

Notable Quotes

(No direct quotes were provided in the release.)