Business
Pancon Announces Option Grant
Toronto, Ontario--(Newsfile Corp. - January 22, 2020) - Pancontinental Resources Corporation (...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Announces Option GrantToronto, 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 CorporationPancontinental 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 RelationsE: [email protected]: +1.647.202.0994 For additional information please visit our new website at www....