Pancon Closes Loan Agreement
Toronto, Ontario--(Newsfile Corp. - June 17, 2022) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") entered into an unsecured loan agreement dated April 12, 2022 (the "Agreement") between the Company and David Petroff, a director of the Company (the "Lender"). Pursuant to the Agreement, the Lender granted the Company a loan in the amount of $100,000, bearing interest at $1,000 per month. The full amount of the loan, including the applicable...
2022-06-17 11:00 PM EDT
Pancon Announces Closing of Final Tranche of Brokered Private Placement for Aggregate Gross Proceeds of C$1.6 Million
Toronto, Ontario--(Newsfile Corp. - May 13, 2022) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") announced today the closing of the second and final tranche of its previously announced "best efforts" brokered private placement (the "Offering") with Red Cloud Securities Inc. and Paradigm Capital Inc. (the "Agents") acting as co-lead agents and joint bookrunners. Under the final tranche of the Offering, 4,700,000 units of the Company (each, a...
2022-05-13 10:53 AM EDT
Pancon Announces Closing of First Tranche of Brokered Private Placement for Gross Proceeds of C$1.245 Million
Toronto, Ontario--(Newsfile Corp. - April 19, 2022) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") is pleased to announce the closing of the first tranche of its previously announced "best efforts" brokered private placement (the "Offering") with Red Cloud Securities Inc. and Paradigm Capital Inc. (the "Agents") acting as co-lead agents and joint bookrunners. Under the first tranche of the Offering, 15,565,000 units of the Company (each, a...
2022-04-19 10:51 AM EDT
Pancon Announces Brokered Private Placement of up to C$3.0 Million
Toronto, Ontario--(Newsfile Corp. - March 28, 2022) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") has entered into an engagement agreement (the "Engagement Agreement") with Red Cloud Securities Inc. and Paradigm Capital Inc. ( the "Agents") pursuant to which Agents will act as co-lead agents and joint bookrunners to sell up to 37,500,000 units of the Company (the "Units") at a price of C$0.08 per Unit (the "Unit Price") for gross proceeds to the...
2022-03-28 7:30 AM EDT
Pancon Extends Brewer Option Period
Toronto, Ontario--(Newsfile Corp. - March 23, 2022) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") announces that the Company has agreed with the Brewer Gold Receiver ("Receiver") to extend the term of the Brewer Option Agreement through December 31, 2024 on a no-cost basis. Pancon President & CEO Layton Croft stated: "Pancon is grateful to the Receiver and relevant government agencies for granting us more time to explore our flagship Brewer Gold...
2022-03-23 6:30 AM EDT
Pancon Releases Discovery Model to Guide Next Steps at Brewer Gold & Copper Project
Toronto, Ontario--(Newsfile Corp. - February 3, 2022) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") is excited to report on its recent work updating its geological compilation and discovery model for its flagship Brewer Gold & Copper Project in South Carolina, USA. Gold was first discovered at Brewer in the 1820s, and 178,000 ounces of near-surface oxide gold was produced from 1987-1995. Pancon is the first company to systematically explore for...
2022-02-03 6:30 AM EST
Pancon Receives Final Payment from Sale of Ontario Properties
Toronto, Ontario--(Newsfile Corp. - December 31, 2021) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announces it has received the final payment in the amount of $200,000 from Voltage Metals Inc. ("Voltage") pursuant to a purchase agreement (the "Agreement') dated June 20, 2020 as amended March 1, 2021, between the Company and Voltage, whereby the Company granted Voltage an option (the "Option") to acquire 100% of the Company's four mineral projects, St....
2021-12-31 5:00 PM EST
Pancon Reports Detectable Gold in All 104 Phase 2 RAB Drill Holes, Including 2 Holes 150 & 300 Meters West of Former Brewer Gold Mine Each with 6-Meter Intervals of >1.00 g/t Au
Toronto, Ontario--(Newsfile Corp. - December 21, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") provides drill results for Phase 2 shallow rotary air blast (RAB) drill holes, and for Phase 2 diamond core drill holes 16 and 17, at its flagship Brewer Gold & Copper Project in South Carolina, USA (see Figures 1 & 2 and Tables 1 & 2). All 104 Phase 2 RAB drill holes contain detectable gold (using the laboratory's 5 ppb detection limit) and end...
2021-12-21 6:30 AM EST
Pancon Intersects 62 Meters of 1.0 g/t Gold 150 Meters South of Former Brewer Gold Mine
Toronto, Ontario--(Newsfile Corp. - November 24, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") provides drill results for diamond drill holes 13, 14 and 15 at its flagship Brewer Gold & Copper Project in South Carolina, USA (see Table 1 and Figure 1). Highlights Hole 15 intersected 62.4 meters of 1.03 g/t Au and 0.15% Cu, including the previously reported interval of 20.2 meters of 2.25 g/t Au and 0.35% Cu, and 8.50 meters of 3.32 g/t Au...
2021-11-24 6:30 AM EST
Pancon Provides Brewer Gold & Copper Project Update
Toronto, Ontario--(Newsfile Corp. - October 18, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") provides an update for its flagship Brewer Gold & Copper Project in South Carolina, USA. Highlights Strategic pause in drilling until all Phase 2 results are received and analyzed Actively refreshing Pancon's Geologic Compilation and Discovery Model for the Brewer system Actively engaging Environmental Risk Transfer on due diligence for a...
2021-10-18 6:30 AM EDT
Pancon Receives $1 Million
Toronto, Ontario--(Newsfile Corp. - October 7, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") reports that, subsequent to June 30, 2021, the Company received approximately $1,056,000 from the exercise of stock options, warrants and the payment of the fourth installment from the pending sale of Pancon's non-core Canadian mineral properties. Highlights Pancon directors, officers and a former director exercised 4,875,000 stock options at an...
2021-10-07 6:30 AM EDT
Pancon Intersects 20 Meters of 2.25 g/t Gold and 0.35% Copper 150 Meters South of Former Brewer Mine
Toronto, Ontario--(Newsfile Corp. - September 8, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") reports partial gold assay and multielement geochemistry results for diamond drill Hole 15 in Phase 2 of the Company's fully funded 10,000-meter (m) maiden drill program at its flagship Brewer Gold & Copper Project (see Table 1). Hole 15 is a vertical hole located approximately 150 m south of the former Brewer Gold Mine (see Figure 1). Pancon...
2021-09-08 6:30 AM EDT
Pancon Intersects 25 Meters of 0.96 g/t Au and 0.2% Cu, Further Extending Gold-Copper Zone at Brewer
Toronto, Ontario--(Newsfile Corp. - August 31, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") reports gold and multielement geochemistry results for two more diamond drill holes in Phase 2 of the Company's fully funded 10,000-meter (m) maiden drill program at its flagship Brewer Gold & Copper Project (see Table 1). Holes 11 and 12 are vertical holes located to the north and northwest of discovery Holes 4 and 5 and collared outside the...
2021-08-31 6:30 AM EDT
Pancon Reports Results and Analysis for All Six Sonic Drill Holes in Reclaimed Backfill Waste Material at Brewer
Toronto, Ontario--(Newsfile Corp. - August 11, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") reports results for an additional four sonic drill holes (B21S-003 to B21S-006) and provides analysis for all six sonic drill holes in the reclaimed backfill waste material as part of the Company's fully funded maiden drill program at its flagship Brewer Gold & Copper Project in South Carolina. The six vertical sonic holes correspond with the top...
2021-08-11 6:30 AM EDT
Pancon Intersects 106 Meters of 1.07 g/t Gold and 0.26% Copper, Including 45 Meters of 2.03 g/t Gold and 0.52% Copper, in Hole 8 at Brewer
Toronto, Ontario--(Newsfile Corp. - July 26, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") reports gold and multielement geochemistry results for the first three diamond drill holes in Phase 2 of the Company's fully funded 10,000-meter (m) maiden drill program at its flagship Brewer Gold & Copper Project (see Table 1). Holes 8, 9 and 10 are vertical holes located to the south and southeast of discovery Holes 4 and 5 and drilled below the...
2021-07-26 6:30 AM EDT
Pancon Announces Completion of Debt Settlement
Toronto, Ontario--(Newsfile Corp. - June 22, 2021) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announced that, further to its press release of June 10, 2021, it has settled an aggregate of $103,000 of indebtedness owed to certain non-arm's length creditors of the Company through the issuance of an aggregate of 515,000 common shares ("Common Shares") of the Company at a deemed price of $0.20 per Common Share (the "Debt Settlement"). All securities issued in...
2021-06-22 4:30 PM EDT
Pancon Announces Debt Settlement and Option Grant
Toronto, Ontario--(Newsfile Corp. - June 10, 2021) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announced that it has agreed to settle an aggregate of $103,000 of indebtedness owed to certain non-arm's length creditors of the Company through the issuance of an aggregate of 515,000 common shares ("Common Shares") of the Company at a deemed price of $0.20 per Common Share (the "Debt Settlement"). The Debt Settlement remains subject to receipt of all necessary...
2021-06-10 4:30 PM EDT
Pancon Reports 9.8 g/t Gold with Average of 0.37 g/t Gold from First Two Sonic Drill Holes in Brewer Backfill Waste and Pit Floor Bedrock
Toronto, Ontario--(Newsfile Corp. - June 8, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company"), further to its news releases of March 2 and April 27, 2021, reports gold assay and multielement geochemistry results for the remaining two sonic and two diamond drill holes drilled in Phase 1 of the Company's fully funded 10,000-meter (m) maiden diamond drill program at its flagship Brewer Gold & Copper Project. The Brewer Project, on the gold-rich...
2021-06-08 6:30 AM EDT
Pancon Reports Significant Copper in Discovery Holes 4 and 5
Toronto, Ontario--(Newsfile Corp. - April 27, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company"), further to its news release of March 2, 2021, reports complete gold assay and multielement geochemistry results for diamond holes 1 through 5, among the total 7 diamond and 2 sonic holes drilled in Phase 1 of the Company's fully funded 10,000-meter (m) maiden diamond drill program at its flagship Brewer Gold & Copper Project (see Table 1). Results...
2021-04-27 6:30 AM EDT
Pancon to Commence Phase 2 Drilling Below Former Brewer Gold Mine
Toronto, Ontario--(Newsfile Corp. - April 1, 2021) - Pancontinental Resources Corporation (TSXV: PUC) (OTCQB: PUCCF) ("Pancon" or the "Company") will commence Phase 2 drilling at its flagship Brewer Gold Project on April 5, following the recent success of its Phase 1 reconnaissance drilling, which included two holes directly beneath the former Brewer Gold Mine (see March 2, 2021 news release). The Project covers nearly 1,000 acres on the gold-rich Carolina Slate Belt in South Carolina,...
2021-04-01 6:30 AM EDT