Panther Minerals Inc. (CSE: PURR), is pleased to announce that the Company has closed its non-brokered private placement of ten million shares at 20 cents per share for total aggregate proceeds of $2 million. In the  first tranche of the Private Placement, which was announced by the Company in its news release dated May 23, 2024, the Company raised gross proceeds of $1,251,650 through the sale of 6,258,250 common shares in the capital of the Company.  The second and final tranche of the Private Placement closed with issuance of 3,741,750 Shares for aggregate proceeds of $748,350.

The proceeds from the Private Placement are going to be used to fund exploration and for general working capital purposes. The Shares issued pursuant to the Second Tranche are subject to a four month and one day hold period expiring October 7, 2024, pursuant to applicable securities laws. The Company paid finder’s fees of $23,205 in cash to certain arm length parties in relation to the Second Tranche.

About Panther Minerals Inc.

Panther Minerals Inc. is a mineral exploration company actively involved in the exploration of its North American project portfolio.