Pancontinental Resources Corp. reports that it has agreed to settle an aggregate of CAD$33,400 of indebtedness owed to a non-arm's length creditor through the issuance of 417,500 common shares in the capital of the Company at a price of $0.08 per Common Share . All Common Shares issued in connection with the Debt Settlement are subject to a statutory hold period of four months and a day from the date of issuance in [...]
Pancontinental Resources Corp. reports results of resistivity/induced polarization , magnetic, and gravity geophysical surveys conducted at its flagship Brewer Gold Project and at its Jefferson Gold Project, which nearly surrounds the former Brewer Gold Mine property. Brewer is a high-sulphidation epithermal Au-Cu system that produced 178,000 ounces of near-surface oxide gold from 1987-1995. The Brewer and Jefferson gold [...]
Pancontinental Resources Corp. announces that it has reached an agreement with 5007223 Ontario Inc. to amend the option agreement dated January 10, 2018, as amended, between the Company and the Optionor, granting the Company an option to acquire a 100% interest in the Montcalm West Nickel-Copper-Cobalt Project located in the Porcupine Mining Division, approximately 65 kilometers northwest of Timmins, Ontario, Canada in [...]
Pancontinental Resources Corp. has signed a Purchase Agreement with Tempus Resources Inc. , a private Canadian company incorporated in Ontario, whereby Tempus can own up to a 100% interest in Pancon's Montcalm, Nova, Gambler and St. Laurent nickel-copper-cobalt exploration projects in Northern Ontario. Pancon acquired and explored the Projects in 2018-2019. Pancon President and CEO, Layton Croft, stated: "Since being [...]
Pancontinental Resources Corp. announces that, due to delays caused by the COVID-19 pandemic, the Company has agreed with the Brewer Gold Receiver to extend by six months the initial term of the Brewer Option Agreement. The initial option term, which commenced on April 1, 2020, is now 24 months. If Pancon spends US$2 million during the initial term, it can extend the option period another 18 months, for a total of 42 [...]
Pancontinental Resources Corp. is pleased to announce that it has closed a non-brokered private placement by issuing 37,500,000 units at a price of $0.08 per Unit for gross proceeds of $3,000,000 . Pancon President and CEO, Layton Croft, stated: "We recently executed our Option Agreement to explore the former Brewer Gold Mine in South Carolina, USA. With the closing of this timely financing we now have funds to commence [...]
Pancontinental Resources Corp. announced that the Company has executed, with the Brewer Gold Receiver LLC an exclusive Mining Lease With Option to Purchase the highly prospective former Brewer Gold Mine property . Brewer is located 12 kilometers northeast along trend from the producing Haile Gold Mine on the gold-rich and underexplored Carolina Slate Belt in South Carolina, USA. Pancon's President & CEO Layton Croft [...]
Pancontinental Resources Corp. announces that is has granted an aggregate of 2,400,000 options to purchase common shares in the capital of the Company exercisable at a price of $0.05 per Common Share, expiring on January 22, 2025 to certain directors, officers and consultants of the Company. The Common Shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant. The [...]
Pancontinental Resources Corp. announces that the Company - in cooperation with Environmental Risk Transfer LLC , an industry leader providing complex environmental risk-transfer solutions to cost-effectively eliminate environmental liabilities - was selected, through a competitive process, to explore the highly prospective former Brewer Gold Mine property , located 12 kilometres northeast along trend from the producing [...]
Pancontinental Resources Corp. provides exploration results from a recently completed program at the Company's St. Laurent Nickel-Copper-Cobalt Project. The program was planned to evaluate an historical Ni-Cu showing coincident with a pronounced 600-metre-long unexplained airborne electromagnetic anomaly. Recent drilling and downhole geophysical results confirm and expand upon the exploration potential of this new [...]
Pancontinental Resources Corp. further expanded its 100%-owned Jefferson Gold Project on the gold-rich Carolina Slate Belt in South Carolina, USA, and outlined its upcoming exploration program. The Jefferson Gold Project now nearly completely surrounds the former Brewer Gold Mine and is 15 kilometres along trend northeast of the multi-million ounce operating Haile Gold Mine. The Jefferson Gold Project now covers 705 [...]
Pancontinental Resources Corp. is pleased to announce that it has closed an oversubscribed non-brokered private placement for total gross proceeds of $643,800. Layton Croft, President & CEO, said: "We are very encouraged by the active participation of both existing and new shareholders to our recently announced private placement, which was oversubscribed by 28%. I am more confident than ever that Pancon is well positioned [...]
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