Panther Minerals Closes Brokered Private Placement of $3,000,000
Panther Minerals has closed its brokered private placement for aggregate gross proceeds of $3.0 million, comprised of 6.0 million units and 6.0 million special warrants, each priced at $0.25. Every unit and special warrant includes one common share plus a warrant exercisable at $0.33 for 24 months, and Leede Financial acted as sole lead manager and bookrunner, collecting a $210,000 cash commission, 840,000 agent warrants at $0.25, and a $60,000 corporate finance fee.
Key figures
- Deal Value Usd
- 3000000
- Offering Price
- 0.25
- Shares Offered
- 12000000
- Units offered
- 6000000
- Agent warrants
- 840000
- Warrant term months
- 24
- Units gross proceeds
- 1500000
- Agent cash commission
- 210000
- Corporate finance fee
- 60000
- Warrant exercise price
- 0.33
- Special warrants offered
- 6000000
- Agent warrant exercise price
- 0.25
- Special warrants gross proceeds
- 1500000
AI analysis
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