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Panoro Announces Fully Subscribed Non-Brokered Private Placement to Raise up to C$4,000,000
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Panoro Minerals Ltd. (TSX...
About this update from Panoro Minerals Ltd.
[{"type":"text","content":"Panoro Announces Fully Subscribed Non-Brokered Private Placement to Raise up to C$4,000,000Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - Panoro Minerals Ltd. (TSXV: PML) (\"Panoro\" or the \"Company\") announces that it is undertaking a fully subscribed non-brokered private placement offering (the \"Offering\") consisting of up to 10,000,000 units (the \"Units\") at a price of C$0.40 per Unit for gross proceeds of up to C$4,000,000. Each Unit will consist of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\") entitling the holder to purchase one Common Share (a \"Warrant Share\") for a period of 36 months following the closing of the Offering at an exercise price of $0.60 per Warrant Share. The Company intends to use the net proceeds of the Offering for exploration and development at the Cotabambas Project consisting of infill drilling, metallurgical testing, updating the preliminary economic assessment technical report, pre-feasibility engineering and for general working capital.In accordance with applicable securities laws, all securities issued under the Offering will be subject to a four month and one day hold period from the date of issuance. Closing of the Offering is subject to certain conditions customary for transactions of this nature, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The Company may pay finder's fees and/or commissions in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Red Cloud Securities Inc. is acting as a finder with respect to the Offering.The securities offered have not been, and will not be, registered under the United States Securities Act of 1933 (the \"U.S. Securities Act\") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.About PanoroPanoro remains focused on completing its technical object...