Panther Metals Ltd. (AU:PNT) has released an update.
Panther Metals Ltd. announces a pro-rata renounceable entitlement offer, aiming to raise up to $1,961,238 by issuing three new shares for every two held at $0.015 each, with additional incentives in the form of options. Cumulus Wealth Pty Ltd. will receive options for acting as the sub-underwriter and lead manager. The offer, which is highly speculative and conditionally underwritten by Westar Capital Limited, seeks to attract investors despite being restricted to certain jurisdictions.
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