en.Wedoany.com Reported - Panther Mining (CSE: PURR) has appointed Leede Financial as the sole lead underwriter for a brokered private placement to raise up to C$3 million (US$3.03 million).

The placement includes up to 6 million units priced at C$0.25 each, expected to raise a maximum of C$1.5 million, along with up to 6 million special warrants at C$0.25 each, which could raise an additional C$1.5 million.

Each unit consists of one common share and one common share purchase warrant, exercisable at C$0.33 per share within 24 months following the closing of the transaction.

Panther Mining plans to use the net proceeds to fund its Phase 1 exploration program, working capital, and general corporate purposes.

Leede Financial will receive a cash commission of 7% of the gross proceeds, along with non-transferable warrants equal to 7% of the number of units and special warrants sold, exercisable at C$0.25 per share for 24 months after the closing.

The placement is expected to close on or around July 7, 2026, and may be completed in tranches subject to conditions.

Certain insiders of the company may participate in the placement, which would constitute a related party transaction under Multilateral Instrument 61-101.

Panther Mining focuses on developing precious and base metal mineral properties with drill-ready targets in North America.

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