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Pancon Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - August 26, 2019) - Pancontinental Resources Corporation (T...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancon Announces Private PlacementToronto, Ontario--(Newsfile Corp. - August 26, 2019) - Pancontinental Resources Corporation (TSXV: PUC) (\"Pancon\" or the \"Company\") announces that it intends to complete a non-brokered private placement financing of up to 10,000,000 units (each, a \"Unit\") at a price of $0.05 per Unit, for gross proceeds of up to $500,000 (the \"Offering\"). Each Unit is comprised of one common share in the capital of the Company (each, a \"Common Share\") and one common share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder to purchase one Common Share at an exercise price of $0.07 for thirty-six (36) months from the date of issuance. The Company may pay certain finder's fees with respect to gross proceeds raised.The Company intends to use the net proceeds from the Offering to fund the advancement of the Company's 100%-owned Jefferson Gold Project in South Carolina, USA and its Northern Ontario exploration projects as well as for general and working capital purposes. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable security legislation. 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 or near producing or former mines in proven and safe mining districts. Pancon's 100%-owned Jefferson Gold Project is 15 km along-trend from the Haile Gold Mine and surrounds the former Brewer Gold Mine property, on the prolific and underexplored Carolina Slate Belt in South Carolina, USA. In addition, Pancon has five 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, 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 MinePancontinental Resources Corporation (TSXV: PUC), or Pancon, is a Canadian junior mining company fo...