Panther Resources Ltd. (PTHR NASD BB) Message Board

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Microcap & Penny Stocks : Panther Resources Ltd. (PTHR NASD BB)

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To: Buster who wrote (468)	9/10/1998 10:26:00 AM
From: GM	Read Replies (5) of 618

September 10th, 1998 Panther Resources Ltd.announces: INSIDERS INCREASE SHARE POSITIONS NO SHARE CONSOLIDATION PLANS REVENUES BEGINNING SOON Industry: Mining Ticker: PTHR Exchange: NASD OTC BB Subject: Future plans The Board of Directors of Panther Resources would like to announce that during the last quarter, the Insiders share positions increased by 4,825,000 shares. The Company has no plans to consolidate the total issued and outstanding stock of the company in spite of the fact that the mineral markets are not yet in recovery mode. We fully anticipate that our revenues will begin within the next quarter. Panther Resources is an active mining and exploration company whose main mining asset is the La Verde silver and copper mine in Sinaloa, Mexico. This mine is currently in production and Panther is in the process of doubling the current production. The expected completion date for the increased production is fall 1998. We invite you to visit our new PHOTO GALLERY on our comprehensive web-site: www.pthr.com. featuring high-resolution photographs of our silver mining operation. You can also call our office at 604-689-5377 for further information. Certain statements in this news release constitute "forward-looking" statements within the meaning of Section 21E of the U.S. Securities Exchange Act of 1934. Such "forward-looking" statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.

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