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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 1, 2010) - Panoro Minerals Ltd. (TSX VENTURE:PML)(BVLAC:PML)(FRANKFURT:PZM)(WKN914959) ("Panoro") is pleased to announce that further to its news release dated October 18, 2010, the third tranche of its private placement was closed on October 29, 2010. The tranche consisted of 14,803,084 Units at a price of $0.25 per Unit and gross proceeds of $3,700,771. The Company will pay $243,030 in finder's fees and issue 972,122 finders warrants which will entitle the finders to purchase shares of the Company on the same terms as the warrants under the financing. Shares and warrants comprising the Units are subject to a hold period expiring on March 2, 2011. |
