|  |
|
|
| |
  |
|
|  |
 |
|
| |
| | Thu Jul 9, 2009
Private Placement Closed
|
| | Panthera Exploration Inc. (the "Company") (PNX-TSX.V; PNXLF-OTC; OAY-Frankfurt) is pleased to announce that it has received regulatory approval from the TSX Venture Exchange for the non-brokered private placement (the "Financing") originally announced on June 19, 2009. The Financing was oversubscribed by 100,000 units and consisted of the issuance of 4,612,000 units at a price of $0.0825 per unit, for gross proceeds to the Company of $380,490. Each unit consists of one common share and one common share purchase warrant. Each common share purchase warrant will entitle the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.11 cents per share for a period of 24 months following the closing of the Financing. The proceeds from the Financing will be used for general working capital.
All securities issued in the Financing are subject to a hold period under applicable Canadian securities laws, expiring on November 8, 2009. Aggregate finders' fees of $14,256 are payable in cash to arm's length parties to the Company on a portion of the Financing.
The Company also announces that pursuant to the Company's Stock Option Plan, it has granted incentive stock options to its officers, directors, employees and consultants to purchase up to an aggregate of 875,000 common shares in the capital stock of Panthera Exploration Inc., exercisable for a period of five years, at a price of $0.11 per share. These options are subject to a four-month hold period.
ON BEHALF OF THE BOARD
"Nikolaos Cacos"
Mr. Nikolaos Cacos, President & CEO
For further information please contact, Nikolaos Cacos at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email info@ameraresources.com, or visit the Company's web site at http://www.ameraresources.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this release. |
| |
| | You can view the Next News Releases item: Fri Dec 18, 2009, Panthera Appoints New President & CEO
You can view the Previous News Releases item: Fri Jun 19, 2009, Private Placement
You can return to the main News Releases page, or press the Back button on your browser.
|
|
|
