Panther Minerals (CSE:PURR) has engaged Leede Financial as the sole lead manager for a brokered private placement targeting up to C$3 million ($3.03 million) in gross proceeds.
The offering comprises up to six million units at $0.25 each for proceeds of up to C$1.5 million, plus up to six million special warrants at $0.25 each for additional proceeds of up to C$1.5 million.
Each unit consists of one common share and one common share purchase warrant exercisable at C$0.33 per share for 24 months from closing.
Panther Minerals plans to use the net proceeds to fund its phase one exploration program, working capital, and general corporate purposes.
According to the company, Leede Financial is set to receive a 7% cash commission on gross proceeds and non-transferable warrants equal to 7% of units and special warrants sold, exercisable at C$0.25 per share for 24 months from closing.
The offering is expected to close on or about 7 July 2026, potentially in multiple tranches, subject to certain conditions.
Certain company insiders may participate in the offering, constituting “related party transactions” under multilateral instrument 61-101.
Panther Minerals focuses on developing drill-ready precious and base metal properties across North America.
Write to Paula Fabe at Mining.com.au
Images: Panther Minerals
