Pancon Targets U.S. Investors, Now Trading on the OTCQB Venture Market Under Ticker Symbol PUCCF
Pancon Targets U.S. Investors, Now Trading on
the OTCQB Venture Market Under Ticker
Symbol PUCCF
Toronto, Ontario--(Newsfile Corp. - September 21, 2020) - Pancontinental Resources Corporation
(TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") received trading approval from OTC
Markets in order to increase accessibility to U.S.-based retail and institutional investors. Pancon is now
actively trading on the OTCQB Venture Market under ticker symbol PUCCF and the company profile can
be viewed at
https://www.otcmarkets.com/stock/PUCCF/overview
.
Pancon President and CEO Layton Croft stated: "Pancon's flagship Brewer-Jefferson Gold Projects are
located in the heart of the gold-rich Carolina Slate Belt and a 75-minute drive to Charlotte, NC, the
second largest financial center in the U.S. The Carolina Slate Belt, located across the southeastern U.S.,
is exceptionally endowed, underexplored, and an exciting gold exploration region in safe, pro-mining
jurisdictions. While Pancon's listing on the TSX Venture exchange remains our primary capital market,
there is growing U.S. retail and institutional investor interest in Pancon. Trading on the OTCQB Venture
Market increases our visibility and accessibility to U.S. investors who want exposure to Pancon's Brewer
Gold Project and the Carolina Slate Belt."
The OTC Venture Market (OTCQB) offers developing Canadian companies the benefits of being
publicly traded in the U.S. with lower cost and complexity than a U.S. exchange listing. Streamlined
market standards enable Canadian companies to provide a strong baseline of transparency to inform
and engage U.S. investors. To be eligible, Canadian companies must be current in their SEDAR
reporting and undergo an annual verification and management certification process.
As a verified market with efficient access to U.S. investors, the OTCQB helps Canadian companies
build shareholder value with a goal of enhancing liquidity and achieving fair valuation. As a result, more
Canadian companies are traded on OTC Markets than on NYSE, NYSE MKT and NASDAQ combined.
The key benefits of trading on the OTC Markets includes efficient market standards, transparency, and
visibility. Companies may leverage their SEDAR disclosure (SEC Exchange Act Rule 12g3-2(b)). There
are no Sarbanes-Oxley and SEC Reporting requirements to trade on OTCQB, bypassing burdensome,
costly and duplicative NYSE and NASDAQ listing requirements.
OTCQB is recognized by the SEC as an established public market. OTCQB companies provide current
company information and meet financial standards that enable brokers to more easily quote and trade a
security. Companies engage a far greater network of U.S. investors, data distributors and media
partners, ensuring U.S. investors have access to the same high-quality information that is available to
investors in Canada, but through U.S. platforms and portals to conduct research.
About Pancon
Pancon is a Canadian junior mining company focused on exploring the prolific and underexplored
Carolina Slate Belt in Chesterfield County, South Carolina, USA. In January 2020, Pancon won the
exclusive right to explore the former Brewer Gold Mine. Between 1987-1995, Brewer produced 178,000
ounces of oxide gold from open pits that extended to 50-meter depths, where copper and gold-rich
sulfides were exposed but could not be processed by the oxide heap leach processing facility. Brewer is
a high sulphidation system driven by a sub-volcanic intrusive and possibly containing a large copper-
gold porphyry system at depth, as indicated by: widely known prospective geology, including diatreme
breccias; associated high sulphidation alteration; gold and copper mineralization; and geophysics
(Schmidt, R.G., 1978, The Potential for Porphyry Copper-Molybdenum Deposits in the Eastern United
States, U.S. Geological Survey). Pancon's 100%-owned Jefferson Gold Project nearly surrounds the
former Brewer Gold Mine, and both Jefferson and Brewer are located 12 km along trend northeast from
the producing Haile Gold Mine, which produced 146,100 ounces of gold in 2019. In addition, Pancon
has four nickel-copper-cobalt exploration projects in Northern Ontario, surrounding or near producing or
former mines in proven and safe mining districts.
The Company cautions that the mineralization at the former Brewer Gold Mine is not necessarily
indicative of the mineralization that may be identified on the Company's ongoing and upcoming
exploration work.
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
relating to the expected pricing and size of the Brokered Offering and Non-Brokered Offering, the use
of proceeds and the closing date. 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/64215