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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 8, 2016) - Pantheon Ventures Ltd. ("Pantheon" or the "Company") (TSX VENTURE:PVX) is pleased to announce that it has completed the first tranche of its previously announced private placement of units (each, a "Unit"). Pantheon initially announced that it proposed to issue up to 5,000,000 Units at a price of CDN$0.10 per Unit for gross proceeds of up to CDN$500,000. The private placement was oversubscribed and, as a result, Pantheon increased the size of the offering. Under the first tranche of the private placement, a total of 7,225,000 Units were issued at a price of $0.10 per Unit for gross proceeds of $722,500. It is expected that a second tranche of the private placement for gross proceeds of $150,000 will be completed within the next week. |
