Pantera Minerals completes successful shortfall allocation

Pantera Minerals (ASX:PFE) has completed the allocation of the shortfall from its recent entitlement issue. The company raised $2.83 million after receiving strong demand from investors. Directors Barnaby Egerton-Warburton and Tim Goldsmith fully participated, demonstrating their commitment.

Overview of Pantera Minerals' financial strategy

Pantera Minerals has successfully allocated the entire shortfall from its entitlement issue, raising $2.83 million. This financial boost comes from robust demand among existing and new investors, reflecting confidence in the company's future. Both directors, Barnaby Egerton-Warburton and Tim Goldsmith, exercised their full rights, showcasing leadership commitment. The company aims to maintain transparency and accountability, as evidenced by the Board of Directors' authorization of the announcement. Pantera Minerals is now better positioned financially, with a strengthened cash reserve to support its strategic goals.

Executive commentary on successful allocation

The allocation of the shortfall demonstrates strong investor confidence in Pantera Minerals. We are pleased with the support from both existing and new investors.