Carolina Rush Corp. announced that it has engaged Red Cloud Securities Inc. to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under the agreement, RCSI will receive a fee of C$5,000 plus applicable taxes per month. The initial term of the agreement is three months from the date of execution with an option to renew on a monthly [...]
Carolina Rush Corp. announces that it has issued a non-arm's length creditor of the Company an unsecured non-interest bearing promissory note in the principal amount of $35,000. The Note is payable on demand of the Lender, upon earlier of: the Company completed a private placement of at least $500,000; and October 26, 2023. In addition, on February 16, 2023, the Company's wholly owned subsidiary, Pancon Resources [...]
Carolina Rush Corp. announced that, further to its press release of April 6, 2023 it has settled an aggregate of CDN$56,986.49 of indebtedness owed to an arm's length creditor of the Company through the issuance of an aggregate of 189,955 common shares of the Company at a deemed price of $0.30 per Common Share . All securities issued in connection with the Debt Settlement are subject to a statutory hold period of four [...]
Carolina Rush Corp. has agreed to settle an aggregate of CDN$56,986.49 of indebtedness owed to an arm's length creditor of the Company through the issuance of an aggregate of 189,955 common shares of the Company at a deemed price of $0.30 per Common Share . The Debt Settlement remains subject to receipt of all necessary corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All securities [...]
Pancontinental Resources announces that it has received approval from the TSXV to change the Company's name to "Carolina Rush Corporation" and to consolidate the Company's outstanding common shares on the basis of one new common share for every ten existing common shares. The Company's new stock symbol on the TSXV will be "RUSH" and the Company expects its shares will commence trading under the new name and the new ticker [...]
Pancontinental Resources announces that, at its special meeting of its shareholders held on February 2, 2023, Pancon's shareholders overwhelmingly approved the Company's proposals to: consolidate the issued and outstanding common shares of the Company on the basis of one post-Consolidation Common Share for every ten pre-Consolidation Common Share; and to change the name of the Company to Carolina Rush Corporation . At the [...]
Pancontinental Resources has entered into an exploration lease and purchase option agreement with the owner of Carolina Mining Company for the historic Sawyer Gold Mine Property, a past-producing gold mine. The 54.6 hectare property is located 5.0 km southwest along trend from the Company's recently announced New Sawyer mine acquisition. Mineralization style and host rocks are similar at both Sawyer and New Sawyer [...]
Pancontinental Resources has entered into an exploration lease and purchase option agreement for the New Sawyer Gold Mine Property. The property is privately owned, containing both surface and mineral rights, and covers 246.6 ha. The property contains the historic New Sawyer Gold Mine which includes 12 identified vertical shafts. The property lies within the Sawyer-Keystone Gold Trend, a >20 km long [...]
Pancontinental Resources announces that it has mailed its management information circular and related materials for the special meeting of the Company's shareholders that will be held on Thursday, Feb 2, 2023 at 10:00 am EDT at 217 Queen Street West, Toronto. During the Meeting, the Company will ask for shareholders to vote for: a name change to Carolina Rush Corporation ; and a proposal to consolidate its common shares [...]
Pancontinental Resources has completed its analysis of the recent Induced Polarization geophysical survey at the Company's flagship Brewer gold and copper project. IP results have been integrated with geological and alteration models to define four primary prospective near surface gold targets and deeper conceptual porphyry copper-gold targets. Pancon President and CEO Layton Croft stated: "Based on this integrated [...]
Pancontinental Resources has completed all field work and has received all data for its 6-square km dipole-dipole induced polarization geophysical survey, covering most of the 1,000-acre Brewer property and a significant portion of its adjacent Jefferson Project properties. The IP survey was designed to cover the large alteration footprint exposed across the Brewer and surrounding Jefferson Project properties. The [...]
Pancontinental Resources announces that, subject to the required approval from the TSXV, the Company intends to extend the expiry date of an aggregate of 22,075,500 common share purchase warrants. 12,750,000 Warrants were originally issued pursuant to a private placement offering of 25,000,000 units in the capital of the Company at a price of $0.12 per unit which closed on September 11, 2022. Each unit was comprised of [...]
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