Panther Minerals closes $3 million private placement offering

Panther Minerals Inc. has successfully closed a $3 million private placement offering, raising funds for exploration and development of its East Brouillan Property. The offering consisted of 6 million units and 6 million special warrants, each priced at $0.25. The units generated $1.5 million, while the special warrants raised an additional $1.5 million. The company will use the net proceeds for exploration and development activities, as well as general working capital purposes.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.