Pancontinental Grants Options and Settles Debt FOR Shares
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May 1, 2018
PANCONTINENTAL GRANTS OPTIONS AND SETTLES DEBT FOR SHARES
Pancontinental Gold Corporation (TSX-V:PUC) (“Pancontinental” or the “Company has granted
2,550,000 options to directors and officers and an e mployee and consultant of the Company to
purchase common shares at an exercise price of $0.0 7 cents per common share, expiring on May
1, 2023.
The Company also intends to settle an aggregate of $78,820 of indebtedness owed to the
Company’s President and CEO and a creditor of the Company, through the issuance of 1,126,000
common shares of the Company at a price of $0.07 per share. Closing of the debt settlement is
subject to the approval of the TSX Venture Exchange.
About Pancontinental Gold Corporation
Pancontinental is a Canadian-based mining company focused on the exploration and development
of its McBride Nickel -Cobalt-Copper Project in Ontario, Canada; its Montcalm West Nickel -
Cobalt-Copper Project in Ontario, Canada; and its 100% -owned Jefferson Gold Project in South
Carolina, USA. The Company continues to focus on acquiring additional prospective properties in
low-risk areas with existing resources and/or in proximity to producing or former mines. In 2015,
Pancontinental sold its interest in its Australian rare earth element (REE) and uranium properties,
formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future
production.
For further information, please contact:
Layton Croft
President and CEO
1-416-293-8437
1-980-309-8419
For additional information please visit our web site: www.pancongold.com, and our Twitter feed:
@PanconGold.
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.
Cautionary Language and Forward Looking Statements
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
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Toronto, Ontario
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information involves risks, uncertainties and other factors that could cause actual events, results, a nd 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 tha t 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.