Panther Minerals Announces Non-Brokered LIFE Offering and Concurrent Private Placement

Executive Summary

• Panther Minerals announced a non‑brokered private placement of up to 627,000 units at $0.16 per unit, targeting gross proceeds of up to $100,320.
• A concurrent private placement of additional units is also planned, with minimum gross proceeds of $1,000,000 and maximum of $2,200,000.
• Proceeds will be used for general corporate and administrative purposes; the securities are subject to statutory hold periods and warrant exercise terms.

Key Details

• Offering Size: Up to 627,000 units at $0.16 per unit → gross proceeds up to $100,320.
• Unit Composition: Each unit = 1 common share + 1 common‑share purchase warrant (exercise price $0.16, exercisable 60 days after closing, 24‑month term).
• Concurrent Private Placement: Units priced at $0.16 each; minimum proceeds $1,000,000, maximum $2,200,000.
• Concurrent Unit Composition: 1 common share + 1 warrant (exercise price $0.25, 24‑month term).
• Follow‑On Warrant: Upon exercising a private placement warrant at $0.25, holder receives an additional warrant to purchase one more common share at $0.50, exercisable for 24 months.
• Statutory Hold Period: All securities issued in the concurrent placement (including shares issuable upon warrant exercise and follow‑on warrants) are subject to a four‑month + one‑day hold period under Canadian securities law.
• Use of Proceeds: Net proceeds will be allocated to general corporate and administrative purposes.
• Regulatory Notes: Units offered to Canadian residents (excluding Quebec) under the Listed Issuer Financing Exemption; other securities subject to statutory hold periods. No U.S. registration; offers not permitted in the United States absent exemption or registration.
• Closing Conditions: Closing of each placement is subject to receipt of required regulatory and exchange approvals; the Offering’s closing is not dependent on the concurrent private placement.

Notable Quotes

(No executive quotes were provided in the release.)