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Vancouver, British Columbia - TheNewswire – May 30, 2025 - Panther Minerals Inc. (“Panther Minerals” or the “Company”) (CSE: PURR) (OTC: GLIOF) (FWB: 2BC) announces that Mr. Robert Birmingham has stepped down from his position as Chief Executive Officer of the Company, effective immediately.
The Company is pleased to announce that Mr. Birmingham has been appointed to the board of directors as an independent director, also effective immediately. The board and management thank Mr. Birmingham for his leadership and contributions during his tenure as CEO and welcome his continued involvement with the Company in his new capacity as a director.
The Company has commenced a formal search for a suitable candidate to assume the role of Chief Executive Officer and will provide further updates as the process advances.
Debt Settlement
The Company also announces it has entered into a debt settlement agreement (the “Settlement Agreement”) to settle outstanding debts owed to an arms-length creditor (the “Creditor”) totaling $14,785.71 (the “Debt Settlement”). Pursuant to the Settlement Agreement, the Company has agreed to issue an aggregate of 924,106 Shares at a deemed price of $0.016 per Share. The Shares issued pursuant to the Debt Settlement are subject to a four month and one day hold period, pursuant to National Instrument 45-105 – Prospectus Exemptions.
The board of directors of the Company determined that it is in the best interests of the Company to complete the Debt Settlement in order to preserve the Company's cash for working capital.
About Panther Minerals Inc.
Panther Minerals is a mineral exploration company actively involved in the exploration of its North American project portfolio. The acquisition of the Boulder Creek option reflects the Company's continuing intention of pursuing advanced, high-quality prospective uranium projects that can be readily worked on and efficiently explored in a timely manner.
ON BEHALF OF THE BOARD OF DIRECTORS
Mr. David Beck, Chief Financial Officer and Corporate Secretary
For more information please visit: www.pantherminerals.ca or email info@pantherminerals.ca.
The CSE and Information Service Provider have not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Actual future results may differ materially. The forward-looking information reflects management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Such risk factors may include, among others, but are not limited to: general economic conditions in Canada and globally; industry conditions, including governmental regulation and environmental regulation; stock market volatility; competition for, among other things, skilled personnel and supplies; geological, technical, processing and transportation problems; the Debt Settlement Agreement; completion of the Debt Settlement; and the issuance of the Shares. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. Factors that could cause actual results or events to differ materially from current expectations include: (i) adverse market conditions; and (ii) other factors beyond the control of the Company. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which are available at www.sedarplus.ca.
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