Panther Minerals Closes Quebec Flow-Through Private Placement
NEWS RELEASE
PANTHER MINERALS CLOSES
QUEBEC FLOW-THROUGH PRIVATE PLACEMENT
Vancouver, British Columbia / December 31, 2024 – Panther Minerals Inc. (“Panther Minerals”
or the “Company”) (CSE:PURR) (OTC:GLIOF) (FWB:2BC), is pleased to announce that the
Company has completed its previously announced non-brokered private placement (the “Private
Placement”) of Quebec Flow-Through Shares (“QFT Shares”) for gross proceeds of C$154,000
through the sale of 3,080,000 QFT Shares at a price of C$0.05 per QFT Share.
The QFT Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the
Income Tax Act (Canada) (the “Tax Act”)). The gross proceeds from the Private Placement will be
used to incur “Canadian exploration expenses” that are “flow-through mining expenditures” (as such
terms are defined in the Income Tax Act (Canada)) related to the Company’s East Brouillan property,
located in the Abitibi province of Quebec.
The QFT Shares issued pursuant to the Private Placement are subject to a four month and one day
hold period expiring May 1, 2025 pursuant to National Instrument 45-106 – Prospectus Exemptions.
The Company paid finder's fees to an arms-length party of $9,000 in cash and 180,000 broker
warrants (each, a “Broker Warrant”). Each Broker Warrant entitles the holder to acquire one common
share at C$0.05 for two (2) years from the date of issue, in accordance with the policies of the
Canadian Securities Exchange (the “Exchange”).
About Panther Minerals Inc.
Panther Minerals Inc. is a mineral exploration company actively involved in the exploration of its North
American project portfolio.
ON BEHALF OF THE BOARD OF DIRECTORS
Mr. Robert Birmingham, Chief Executive Officer
For more information please visit: www.pantherminerals.ca or email [email protected].
The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this
release.
Forward-Looking Information
This news release may contain statements which constitute “forward-looking information”. The words “may”, “potential”,
“should”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect”, and similar expressions, are
intended to identify such forward-looking statements. Such statements include, without limitation, statements regarding use
of proceeds from the private placement and the payment of finder’s fees. Investors are cautioned that any such forward-
looking statements are not guarantees of future business activities and involve risks and uncer tainties, and that the
Company’s future business activities may differ materially from those in the forward-looking statements. There can be no
assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of
such uncertainties. The Company does not assume any obligation to update any forward-looking information except as
required under the applicable securities laws.
Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or
circumstances. Additional information is available in the Corporation’s Management Discussion and Analysis, which can be
found on SEDAR+ at www.sedarplus.ca.