Black Panther Mining Corp BPCOD

RE: A Bonus for What? Confirmation Notice!

[rtszd]

Black Panther 200,000 bonus shares

2010-12-21 17:13 ET - Shares for Debt

The TSX Venture Exchange has accepted for filing Black Panther Mining Corp.'s proposal to issue 200,000 bonus shares to the following insiders in consideration of loans in the total amount of $120,000. The term of the loan is for one year with interest at a rate of 1 per cent per month.

Insiders:  Criterion Capital Corp. (Douglas Mason)73,333; Coombes & Sons Administration Inc. (Ronald Coombes) 26,667;Hazmagic Holdings Inc. (Sead Hamzagic) 50,000; Bruce E. Morley 50,000

Black Panther arranges $120,000 loan from insiders

2010-12-20 13:38 ET - News Release

Mr. Ronald Coombes reports

BLACK PANTHER ENTERS INTO LOAN AGREEMENT

BlackPanther Mining Corp. has entered into a loan agreement, pursuant to which it will receive $120,000 for working capital and exploration purposes. The loan has been provided by certain directors and officers of the company and is for a term of one year with interest at a rate of 1per cent per month (12 per cent per annum). Subject to regulatory approval, the company has agreed to issue an aggregate of200,000 shares to the lenders as a loan bonus in accordance with TSX Venture Exchange policy.

These insiders are sooo hard on themselves! 12% interest (in these tight economic times) + 200k of shares as a loan bonus!  Let's see: interest of $14,400 + 200k shares @ 0.12or better=$24,000+ for a $36,000.00 return on a high/low risk of $120k.  All they have to do to fund this for a positive return is to give themselves a raise or a further consolidation.  What about a PP? Or, have they already shot themselves in the foot with shareholders. Same strategies abound with these cretins at the helm of CYU! Obviously, an early Christmas present to themselves w/TSX's blessing! This is iMHO so comments are encouraged!