Panther Minerals Completes $3 Million Private Placement

Panther Minerals Inc., a North American mineral exploration company, has closed a brokered private placement worth $3 million. The transaction involved 6 million units and 6 million special warrants, each priced at $0.25. Leede Financial Inc. acted as the sole lead manager for the offering.

In the breakdown, $1.5 million was raised through units comprising a common share and a purchase warrant priced at $0.33, exercisable for 24 months. An additional $1.5 million was raised through special warrants, converting into equivalent shares without extra payment upon certain events.

The funds will support exploration at the East Brouillan Property alongside general capital needs. Panther compensated the agent with cash, warrants, and a corporate finance fee.

The securities are subject to regional hold periods. Efforts to finalize the prospectus are ongoing, ensuring due regulatory compliance.