Black Panther Announces Non-Brokered Private Placements
News Release No. 12-05
Trading symbols:
TSX-V: BPC Frankfurt: BP4
Black Panther Announces Non-Brokered Private Placements
West Vancouver, British Columbia – September 13, 2012 – Black Panther Mining Corp. (the “Company” or “Black Panther”) announces that, subject to regulatory approval, the Company intends to proceed with a nonbrokered private placement to raise up to $300,000 by the issuance of 6,000,000 non-flow through units (the “Units”) at $0.05 per Unit. Each Unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share for a period of two years at an exercise price of $0.10. Additionally, the Company also intends to proceed with a flow through non-brokered private placement to raise up to $300,000 by the issuance of 6,000,000 flow through units (the “FT Units”) at $0.05 per FT Unit. Each FT Unit will consist of one flow through share and one non-flow through share purchase warrant, with each warrant entitling the holder to purchase an additional non-flow through common share for a period of two years at an exercise price of $0.10. With respect to these private placements, the Company may pay finders’ fees in the amount of 10% (payable in cash or Units), with 10% finders’ warrants based on the sale of the Units and the FT Units purchased by subscribers introduced to the Company by such finders.
The Company intends to use the proceeds from these private placements for the next phase of exploration on the Company’s Olsen gold exploration property project in Ontario and for general working capital purposes.
For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company’s website at www.blackpanthermining.com.
Black Panther Mining Corp.
“Douglas L. Mason”
_________________________________ Douglas L. Mason, Chief Executive Officer
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 accuracy of this release.