Pantera Silver Corp. announced a non-brokered private placement of up to 3,400,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 510,000 on October 17, 2022. Each unit will consist of one new common share and one share purchase warrant at a price of CAD 0.25, exercisable for a period of two years from the date of issuance.

The company has received an initial commitment from a strategic investor for CAD 420,000. All securities distributed to the transaction will be subject to a statutory hold period of four months from the date of issuance. Closing is subject to receipt of all necessary regulatory approvals.

The company may pay finders' fees in connection with a transaction and in accordance with the policies of the TSX Venture Exchange.