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Panoro Minerals (OTCQB:POROF) has announced the cancellation of its previously announced C$10 million brokered private placement LIFE Offering due to unfavorable market conditions. The company has terminated its agency agreement with Cantor Fitzgerald Canada Corporation.
CEO Luquman Shaheen indicated that Panoro will pursue alternative financing options, including the anticipated third payment from the previous Antilla Project sale and potential sale of a non-core exploration project. The company's Cotabambas Copper-Gold-Silver project contains significant resources including 3.3 million ounces of indicated gold and 3.8 billion pounds of indicated copper, with additional inferred resources.
