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Panther Minerals Closes Fully Subscribed $2.3 Million LIFE Offering and Concurrent Private Placement
Thenewswire· 2025-11-04 13:30
Core Viewpoint - Panther Minerals Inc. successfully closed a non-brokered financing offering and a concurrent private placement, raising total gross proceeds of $2,300,320 [1][2]. Financing Details - The LIFE Offering raised $100,320 by issuing 627,000 units, while the Private Placement raised $2,200,000 by issuing 13,750,000 units [2]. - Each unit under the LIFE Offering consists of one common share and one common share purchase warrant, with warrants priced at $0.21 per share, exercisable for 24 months starting 60 days after issuance [3]. - Each unit under the Private Placement also consists of one common share and one common share purchase warrant, with warrants priced at $0.25 per share, exercisable for 24 months [4]. Use of Proceeds - The net proceeds from the financing will be used for general working capital, corporate purposes, advancing mineral projects, and repaying outstanding obligations [5]. Finder's Fees and Broker Warrants - The Company paid cash finder's fees totaling $147,002.40 and issued 1,000,000 common shares as consideration for services related to the financing [6]. - Additionally, broker warrants were issued, with 43,890 related to the LIFE Offering and 881,125 related to the Private Placement, having the same terms as the respective offering warrants [6]. Company Overview - Panther Minerals Inc. is focused on the acquisition and exploration of mineral properties, particularly precious and base metals, with an emphasis on drill-ready projects with high upside potential [7].
Emerita Announces Upsize to C$25M Brokered Private Placement Financing
Globenewswire· 2025-08-13 19:31
Group 1 - Emerita Resources Corp. has increased the size of its previously announced private placement from $15,000,090 to up to $24,999,975 due to strong investor demand [1][2] - The Offering will consist of up to 23,809,500 units priced at $1.05 per unit, with each unit comprising one common share and one-half of a common share purchase warrant [2] - Each warrant will allow the holder to purchase one common share at an exercise price of $1.30 for a period of 24 months following the completion of the Offering [2] Group 2 - The net proceeds from the Offering will be utilized for exploration and development work on the Company's Spanish mineral properties, as well as for general corporate and working capital purposes [3] - The Offering will be conducted under the Listed Issuer Financing Exemption, meaning the securities issued will not be subject to a statutory hold period under Canadian securities laws [4] - The Offering is expected to close on or about August 26, 2025, pending necessary approvals, including that of the TSX Venture Exchange [5] Group 3 - Emerita Resources Corp. is focused on the acquisition, exploration, and development of mineral properties in Europe, primarily in Spain, with its corporate office in Sevilla and an administrative office in Toronto [8]