Panoro Minerals Ltd. Announces Brokered LIFE Offering for Gross Proceeds of up to C$10 Million

Core Viewpoint - Panoro Minerals Ltd. has announced a brokered private placement offering to raise gross proceeds of up to C$10 million through the sale of up to 20 million units at a price of C$0.50 per unit [1][2]. Group 1: Offering Details - The offering consists of units, each comprising one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at C$0.70 within 36 months of the closing date [1]. - The agents have an option to purchase up to an additional 15% of the units for additional gross proceeds of up to C$1.5 million [2]. - The offering is scheduled to close on June 23, 2025, or within 45 days of the announcement date, subject to certain conditions [8][9]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for infill drilling, metallurgical testing, pre-feasibility engineering, and completing an updated preliminary economic assessment for the Cotabambas Copper-Gold-Silver project [3]. - Additional uses include working capital, mineral concession payments, and general corporate purposes [3]. Group 3: Regulatory and Compliance - The offering will be conducted as a private placement in Canada (excluding Quebec), the United States, and other agreed jurisdictions, exempt from certain registration requirements [4]. - The securities offered have not been registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or applicable exemptions [5].