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Pancontinental Grants Options and Settles Debt for Shares
Toronto, Ontario--(Newsfile Corp. - May 1, 2018) - Pancontinental Gold Corporation (TSXV: PUC)...
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[{"type":"text","content":"Pancontinental Grants Options and Settles Debt for SharesToronto, Ontario--(Newsfile Corp. - May 1, 2018) - Pancontinental Gold Corporation (TSXV: PUC) (\"Pancontinental\" or the \"Company) has granted 2,550,000 options to directors and officers and an employee and consultant of the Company to purchase common shares at an exercise price of $0.07 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 CorporationPancontinental 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 CroftPresident and [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 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 information involves risks, uncertainties and other factors that could cause act...