NEWS RELEASE
Tuesday, December 20, 2011
Amendment of Share Purchase Warrants
Panthera Exploration Inc. (TSX-V: PNX, FRA: GAC, WKN: A0RK7E, "Panthera" or the "Company") announces that it proposes to extend the expiry date of subscriber warrants, issued as part of a private placement in January 2010, by 12 months. All other terms and conditions of the warrants, including price, remain unchanged. The proposed extension of the expiry date is subject to regulatory approval.
In January 2010, the Company issued 4,700,000 warrants exercisable at $0.18 until January 22, 2011, and at $0.22 from January 23, 2011 to January 22, 2012 to subscribers of a private placement, of which, 4,541,000 are currently outstanding. The Company proposes to extend the expiry date for these warrants by 12 months to January 21, 2013 from January 22, 2012.
About Panthera Exploration Inc.
Panthera is a Vancouver-based iron ore exploration company led by an industry-renowned management team with technical expertise and market experience. Panthera has entered into an option agreement, subject to regulatory approval, to earn 100% interest in the Fierro high-grade iron ore project, located in Rio Negro, Argentina located immediately adjacent to the producing Minera Sierra Grand iron mine, owned by Metallurgical Corporation of China Ltd. Management is planning an aggressive exploration program at Fierro and continues to evaluate acquisitions to build its property portfolio with a focus on iron ore projects with established value and significant upside potential. Panthera is a member of the Grosso Group, a management company specializing in resource exploration since 1993.
ON BEHALF OF THE BOARD
"Gerald Carlson"
Dr. Gerald Carlson, Interim President & CEO
For further information please contact:
Corporate Communications
Tel: 1-604-687-1828
Toll-Free: 1-800-901-0058
Email: info@pantheraexploration.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
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