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Panoro Minerals Ltd. Announces Update to Previously Announced Brokered LIFE Offering for Gross Proceeds of up to C$5 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Panoro Minerals Ltd.
[{"type":"text","content":"Panoro Minerals Ltd. Announces Update to Previously Announced Brokered LIFE Offering for Gross Proceeds of up to C$5 Million \nNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Panoro Minerals Ltd. (“Panoro” or the “Company”) (TSX.V: PML), is pleased to announce that further to its previously announced (October 29, 2025) “best efforts” private placement (the “Marketed Offering”) for the sale of up to 12,500,000 units of the Company (each, a “Unit”) at a price of C$0.40 per Unit (the “Offering Price”) for aggregate gross proceeds of up to C$5,000,000, it has filed a new offering document (the “December Offering Document”) dated December 22, 2025 related to the Marketed Offering that can be accessed under the Company’s profile at www.sedarplus.ca. On November 21, 2025, the Company announced the closing of the first tranche of the Marketed Offering for gross proceeds of C$2,918,200 from the sale of 7,295,500 Units of the Company at a price of C$0.40 per Unit. The December Offering Document is for the sale of up to 1,300,000 Units at a price of C$0.40 per Unit (the “Offering Price”) for aggregate gross proceeds of up to C$520,000. The Company has entered into an agreement with Red Cloud Securities Inc., who has agreed to act as lead agent and sole bookrunner on behalf of a syndicate of agents (collectively, the “Agents”), in connection with the Marketed Offering. Each Unit will consist of one common share of the Company (each, a “Common Share”) and one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share (a “Warrant Share”) at a price of C$0.60 at any time on or before November 21, 2028. In connection with the December Offering Document, the Company also grants the Agents an option, exercisable in full or in part up to 48 hours prior to the closing of the Marketed Offering, to sell up to an additional 260,000 Units at the Offering Price for additional gross proceeds of up to C$104,000 (the “Agent’s Option”). The Marketed Offering and the securiti...