VANCOUVER, BC, October 17th, 2022 – Pantera Silver Corp. (“Pantera” or the “Company”) (TSXV: PNTR) announces a non-brokered private placement of up to 3,400,000 Units at a price of $0.15 CAD per unit (“Unit:”) for gross proceeds of up to $510,000.00 CAD (the “Private Placement”). Each Unit will consist of one new Pantera Common Share and one Pantera Share Purchase Warrant at a price of $0.25, exercisable for a period of two years from the date of issuance (the “Warrants”). The Company has received an initial commitment from a strategic investor for $420,000.00 CAD. Pantera Silver intends to use the net proceeds from the Private Placement for general corporate purposes and working capital.
All securities distributed to the Private Placement will be subject to a statutory hold period of four months from the date of issuance. Closing the Private Placement is subject to receipt of all necessary regulatory approvals. Pantera may pay finders’ fees in connection with a Private Placement and in accordance with the policies of the TSX Venture Exchange.
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 contains “forward looking statements” within the meaning of applicable Canadian securities legislation. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward looking statements and the forward looking statements are not guarantees of future performance. Pantera Silver Corp (formerly Red Oak Mining Corp) disclaims any obligation to update or revise any forward looking statements, whether as a result of new information, events or otherwise, except as required by law.