Business
Pancontinental Gold Announces Extension of Private Placement
Toronto, Ontario--(Newsfile Corp. - November 15, 2017) - Pancontinental Gold Corporation (TSXV...
About this update from Carolina Rush Corporation
[{"type":"text","content":"Pancontinental Gold Announces Extension of Private PlacementToronto, Ontario--(Newsfile Corp. - November 15, 2017) - Pancontinental Gold Corporation (TSXV: PUC) (\"Pancon Gold\" or the \"Company\") announces that, further to its press release dated October 12, 2017, the Company intends to extend its 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 will consist of one common share of the Company (a \"Common Share\") and one Common Share purchase warrant (a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.07 for twenty-four (24) months from the date of issuance, provided that the expiry date can be accelerated in the event the Common Shares trade at $0.15 or more for at least twenty (20) consecutive trading days following the expiry of the statutory four month and one day resale restriction.The closing of the Offering is expected to occur on or before December 15, 2017, and is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. About Pancontinental Gold CorporationPancontinental Gold Corporation (www.pancongold.com) is a Canadian-based mining company focused on the exploration and development of the Jefferson Gold Project, located in Chesterfield County, South Carolina, USA, and on acquiring additional prospective properties. The Company's shares are listed on the TSX Venture Exchange, trading under the symbol PUC. The Company also retains a 1% gross overriding royalty on future production from a rare earth element property in Australia.ON BEHALF OF THE BOARD OF DIRECTORSLayton CroftFor further information, please contact:Layton CroftPresident and CEOTel: 1-416-293-8437 or 1-980-498-7688Email: [email protected] 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 StatementsThis news release contains forward-looking information which is not comprised of historical fac...