Panthera
Announces Private Placement
Panthera Exploration Inc. (TSX-V: PNX, FRA:
GAC, WKN: A0RK7E, "Panthera" or the
"Company") is pleased to announce a non-brokered private
placement financing of up to 1,250,000 units at a price of $0.20 per unit for
aggregate proceeds up to $250,000.
Each unit will be comprised of one common share and one transferable warrant.
Each warrant will entitle the holder, on exercise, to purchase one additional
common share of the Company at a purchase price of $0.30 per warrant share for
18 months from the date of issue of the warrant.
Proceeds from the private placement will be used to advance the Company's Fierro exploration project in Rio Negro, Argentina, general
working capital and business development. Insiders of the Company may
participate in a portion of the financing. A finder's fee may be payable on a
portion of this financing. This financing is subject to regulatory approval and
the private placement securities will be issued subject to a minimum four-month
hold period from the date of issuance.
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.