Pantera Silver Closes Oversubscribed Non-Brokered Private Placement for $3.85 Million CAD

Core Insights - Pantera Silver Corp. has successfully closed a non-brokered private placement financing, raising C$3,850,000 by issuing 7,700,000 units at C$0.50 per unit, exceeding the initial target of C$3.5 million due to high demand [1][3] - Each unit consists of one common share and one-half of a common share purchase warrant, with warrants allowing the purchase of additional shares at C$0.75 for two years [2] - The company aims to leverage the raised funds to advance its exploration programs, emphasizing responsible resource development and community benefits [3][5] Financial Details - The private placement generated gross proceeds of C$3,850,000, with a 10% over-allotment exercised due to excess demand [1] - A cash finder's fee of C$9,000 will be paid to finders involved in the placement [3] Regulatory and Compliance - The closing of the offering is subject to customary conditions, including regulatory approvals and acceptance by the TSX Venture Exchange [4] - Securities issued under the offering will be subject to a four-month plus one-day hold period, expiring on February 17, 2026 [4] Company Overview - Pantera Silver Corp. focuses on mineral exploration and development, particularly in silver-dominant projects, through disciplined exploration and strategic partnerships [5] - The company is committed to responsible resource development that supports local prosperity and environmental stewardship [5]