Panoro Minerals Ltd. Announces Update to Previously Announced Brokered LIFE Offering for Gross Proceeds of up to C$5 Million

Core Viewpoint - Panoro Minerals Ltd. is conducting a private placement to raise up to C$5,000,000 through the sale of units priced at C$0.40 each, with the offering document filed on December 22, 2025 [1][2]. Group 1: Offering Details - The private placement, referred to as the Marketed Offering, aims to sell up to 12,500,000 units, with the first tranche already closed, raising C$2,918,200 from 7,295,500 units sold [2]. - The December Offering Document includes an additional sale of up to 1,300,000 units for gross proceeds of up to C$520,000 [2]. - Each unit consists of one common share and one warrant, with warrants allowing the purchase of additional shares at C$0.60 until November 21, 2028 [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for infill drilling, metallurgical testing, pre-feasibility engineering, and an updated preliminary economic assessment for the Cotabambas Copper-Gold-Silver project, along with general corporate purposes [6]. Group 3: Regulatory and Compliance - The offering will comply with National Instrument 45-106, allowing sales to purchasers in all Canadian provinces except Québec, and may also be offered in offshore jurisdictions and the U.S. under certain exemptions [7]. - The closing of the offering is scheduled for December 22, 2025, subject to necessary regulatory approvals [9].