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Pancontinental Changes Name to Reflect Newly Acquired Battery Metals Projects Strategy
Toronto, Ontario--(Newsfile Corp. - July 12, 2018) - Pancontinental Gold Corporation (TSXV: PU...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancontinental Changes Name to Reflect Newly Acquired Battery Metals Projects StrategyToronto, Ontario--(Newsfile Corp. - July 12, 2018) - Pancontinental Gold Corporation (TSXV: PUC) (\"Pancon\" or the \"Company\") today announces that the Company has changed its name to Pancontinental Resources Corporation. The Company anticipates that shares will be trading under the new name on the TSXV on July 13, 2018 and its trading symbol will remain unchanged. The Company's new web site domain is www.panconresources.com and new Twitter feed is @PanconResources.\"As we continue to execute our strategy to expand our portfolio and increase our presence in the growing Battery Metals space, the name \"Gold\" does not sufficiently reflect the diversity of our current exploration and development projects,\" said Layton Croft, President and CEO. \"We are focused on developing our Nickel-Cobalt-Copper projects in Ontario in order to meet growing demand for high quality, long lasting rechargeable batteries for electric vehicles and other products poised to dominate the clean energy global economy.\" The global fleet of electric vehicles is likely to more than triple to 13 million by the end of the decade from 3.7 million last year, according to a report released by the International Energy Agency. Demand for batteries is expected to rise by a factor of 15 by 2030, largely driven by light-duty vehicles such as cars and vans. China's burgeoning market is expected to make up half of the world's demand, followed by Europe, India and the U.S. Investor RelationsIn connection with the Company's rebranding, Pancon has entered into a consulting agreement (the \"Agreement\") with Jeanny So and Jeanny So Consulting (the \"Consultant\"). Ms. So is a seasoned Investor Relations and Corporate Development professional with over 15 years of global investor relations, public relations, corporate affairs, corporate development and communications experience in the natural resource sector. Ms. So, has strong, key relationships in the financial and mining industry sectors and will assist Pancon's management in building and developing its profile, as well as develop an investor relations plan and assist management with its internal investor relations duties. Effective July 1, 2018, the Agreement has an initial term of 12 months, wherein the Company will pay the Co...