Pantheon Ventures Ltd. Reprices Private Placement
22.12.2014 | Marketwire
VANCOUVER, Dec. 22, 2014 - Pantheon Ventures Ltd. ("Pantheon" or the "Company") (TSX VENTURE:PVX) is repricing the private placement previously announced on November 6, 2014 due to general market conditions and the inability of the Company to raise capital. The new terms of the non-brokered private placment will be as follows: Fourteen million units at a price of $0.03 per unit, for gross proceeds of up to $420,000. Each unit will consist of one common share and one common share purchase warrant exercisable for a period of two years from the closing of the private placement at an exercise price of $0.10 per share.The net proceeds of the private placement will be used to preserve existing operations, assets and activities, and for general corporate and working capital purposes. All securities issued pursuant to the private placement will be subject to a four-month hold period from the date of issuance. The private placement is subject to the acceptance of the TSX Venture Exchange.
About the Company
The Company is engaged in the business of iron ore exploration. Its primary objective is to locate and develop economic properties of merit. The Company is currently focused on its exploration program on the Kokoko Property which is comprised of 14 mineral claims located in the Sudbury Mining Division, Ontario.
ON BEHALF OF THE BOARD PANTHEON VENTURES LTD.
Brett Matich
President, Director
Neither 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.
Contact
Pantheon Ventures Ltd.
Brett Matich, President, Director
(604) 639-4450