Black Panther Announces Non Brokered Private Placement
May 8, 2009
West Vancouver, British Columbia – Black Panther Mining Corp. (“Black Panther” or the “Company”) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the “Private Placement”) to raise up to $150,000 by the issuance of 1,000,000 units (the “Units”) at $0.15 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 at a price of $0.15 for a period of one year from the closing date. With respect to this Private Placement, the Company may pay finders’ fees in the amount of 10% of the proceeds raised from the sale of the Units purchased by subscribers introduced to the Company by such finders (payable in cash or Units at a deemed price unit of $0.15 per Unit). The proceeds from this Private Placement will be used for general working capital purposes and for furthering the exploration and development of the “Seagull” PGE Property which is located approximately 90 km north-northeast of Thunder Bay, Ontario (as referred to in the Company’s news release dated February 27, 2009).
For further information, contact Mr. Clive Shallow, investor communications, at 604-922-2030 or visit the Company’s new website at www.blackpanthermining.com.
Black Panther Mining Corp.
“Douglas L. Mason”
_________________________________
Douglas L. Mason, Director
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
