Pancon Announces Option Grant
Pancon Announces Option Grant
Toronto, Ontario--(Newsfile Corp. - January 22, 2020) -
Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the
"Company") announces that is has granted an aggregate of 2,400,000 options to purchase common shares in the capital of the
Company (the "
Common Shares
") exercisable at a price of $0.05 per Common Share, expiring on January 22, 2025 to certain
directors, officers and consultants of the Company. The Common Shares issuable upon exercise of the options are subject to a
four month hold period from the original date of grant. The reason for the options grant is to recognize the people who played
critical roles and were responsible for Pancon's recent selection to explore the highly prospective former Brewer Gold Mine in
South Carolina, USA (as per the Company's news release of January 15, 2020).
About Pancontinental Resources Corporation
Pancontinental Resources Corporation (TSXV: PUC), or Pancon, is a Canadian junior mining company focused on North
American gold and battery metals projects surrounding and near producing and former mines in proven and safe mining
districts. On January 15, 2020, Pancon - together with Environmental Risk Transfer LLC, an industry leader providing complex
environmental risk-transfer solutions to cost-effectively eliminate environmental liabilities - was selected, through a competitive
process, to explore the highly prospective former Brewer Gold Mine property, located 12 kilometres northeast along trend from
the producing Haile Gold Mine on the gold-rich and underexplored Carolina Slate Belt in South Carolina, USA. Pancon's 100%-
owned Jefferson Gold Project surrounds the former Brewer Gold Mine property. In addition, Pancon has five highly prospective
nickel-copper-cobalt projects in Northern Ontario. The Montcalm, Gambler, Nova and Strachan Projects are near and/or
surround the former Montcalm Ni-Cu-Co Mine property owned by Glencore and located 65 km northwest of Timmins. The St.
Laurent Project has an advanced Ni-Cu-Co-Au-Pt-Pd target and is located 50 km south of the Detour Lake Mine and 20 km
southwest of the Casa Berardi Mine.
For further information, please contact:
Layton Croft, President & CEO or Jeanny So, Manager, External Relations
E:
T: +1.647.202.0994
For additional information please visit our new website at
www.panconresources.com
and our Twitter feed:
@PanconResources
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is
characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words,
or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties
and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by
such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking
information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices,
delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, including those risks set out in the Company's management's discussion and analysis as filed under the
Company's profile at
www.sedar.com
. Forward-looking information in this news release is based on the opinions and
assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and
regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on
such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other
than as required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/51728