Pancon Announces Debt Settlement
Toronto, Ontario--(Newsfile Corp. - July 30, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") 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 (the "Common Shares") at a price of $0.08 per Common Share (the "Debt Settlement"). All Common Shares issued in connection with the Debt Settlement are subject to a statutory...
2020-07-30 12:56 PM EDT
Pancon Identifies Multiple Strong Geophysical Anomalies and Drill Targets at and Adjacent to the Former Brewer Gold Mine in South Carolina
Toronto, Ontario--(Newsfile Corp. - July 28, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") reports results of resistivity/induced polarization (IP), 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....
2020-07-28 6:30 AM EDT
Pancon Amends and Completes Montcalm West Option Agreement
Toronto, Ontario--(Newsfile Corp. - June 24, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announces that it has reached an agreement (the "Amending Agreement") with 5007223 Ontario Inc. (formerly, 2522962 Ontario Inc.) (the "Optionor") to amend the option agreement (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...
2020-06-24 9:24 AM EDT
Pancon Agrees to Sell Its Four Ontario Battery Metals Projects
Toronto, Ontario--(Newsfile Corp. - June 23, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") has signed a Purchase Agreement ("Agreement") with Tempus Resources Inc. ("Tempus"), 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 ("Projects") in Northern Ontario. Pancon acquired and explored the Projects in...
2020-06-23 6:30 AM EDT
Pancon Extends Brewer Option Term, Optimizes Exploration Plan
Toronto, Ontario--(Newsfile Corp. - April 22, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announces that, due to delays caused by the COVID-19 pandemic, the Company has agreed with the Brewer Gold Receiver ("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...
2020-04-22 8:54 AM EDT
Pancon Closes Fully Subscribed $3 Million Non-brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - March 18, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") is pleased to announce that it has closed a non-brokered private placement by issuing 37,500,000 units (the "Units") at a price of $0.08 per Unit for gross proceeds of $3,000,000 (the "Financing").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...
2020-03-18 6:30 AM EDT
Pancon Executes Mining Lease with Option to Purchase the Former Brewer Gold Mine in South Carolina, USA
Toronto, Ontario--(Newsfile Corp. - March 2, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announced that the Company has executed, with the Brewer Gold Receiver LLC (the "Receiver") an exclusive Mining Lease With Option to Purchase ("Option Agreement") the highly prospective former Brewer Gold Mine property ("Brewer"). Brewer is located 12 kilometers northeast along trend from the producing Haile Gold Mine on the gold-rich and underexplored Carolina...
2020-03-02 6:30 AM EST
Pancon Announces Option Grant
Toronto, Ontario--(Newsfile Corp. - January 22, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announces that is has granted an aggregate of 2,400,000 options to purchase common shares in the capital of the Company (the "Common Shares") 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...
2020-01-22 6:30 PM EST
Pancon, in Cooperation with Environmental Risk Transfer, Selected to Explore the Former Brewer Gold Mine Property in South Carolina, USA
Toronto, Ontario--(Newsfile Corp. - January 15, 2020) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announces that the Company - in cooperation with Environmental Risk Transfer LLC ("ERT"), 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 ("Brewer"), located 12...
2020-01-15 11:52 AM EST
Pancon Intersects 1.3% Nickel, 0.47% Copper and 5.6% Sulphur over 4.2 Metres, Demostrating Ni-Cu Sulphide Potential at the St. Laurent Project
Toronto, Ontario--(Newsfile Corp. - November 7, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") 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...
2019-11-07 8:30 AM EST
Pancon Further Expands Its Jefferson Gold Project Surrounding the Former Brewer Gold Mine, Outlines Upcoming Exploration Program
Toronto, Ontario--(Newsfile Corp. - October 17, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon Resources," "Pancon" or the "Company") 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...
2019-10-17 6:30 AM EDT
Pancon Closes Oversubscribed Private Placement
Toronto, Ontario--(Newsfile Corp. - September 17, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") 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...
2019-09-17 6:30 AM EDT
Pancon Begins Drilling at St. Laurent Battery Metals Project
Toronto, Ontario--(Newsfile Corp. - September 11, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announced today that an initial diamond drilling and downhole geophysics program has begun at the Company's St. Laurent Nickel-Copper-Cobalt Project. Located in St. Laurent Township in northern Ontario, the Project is 160 kilometres northeast of Timmins, 50 kilometres south of Detour Lake Mine and 20 kilometres southwest of the Casa Berardi Mine.Pancon...
2019-09-11 6:30 AM EDT
Pancon Awards Advisory Agreements
Toronto, Ontario--(Newsfile Corp. - September 3, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announces that it has entered into advisory services agreements (the "Agreements") with Liberty Capital Inc. and Lateral Management Inc. (jointly known as "Advisors"). Under the terms of the Agreements, the Advisors will provide Pancon long-term strategic support and advisory services on corporate development, including growing the business and leveraging...
2019-09-03 6:30 AM EDT
Pancon Announces Private Placement
Toronto, Ontario--(Newsfile Corp. - August 26, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announces that it intends to complete a 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 is comprised of one common share in the capital of the Company (each, a "Common Share") and one common share purchase warrant (each, a "Warrant")....
2019-08-26 2:37 PM EDT
Pancon Expands Its 100%-Owned Jefferson Gold Project to Surround the Former Brewer Gold Mine Property in South Carolina
Toronto, Ontario--(Newsfile Corp. - July 15, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon Resources," "Pancon" or the "Company") is pleased to announce it has strategically improved its 100%-owned Jefferson Gold Project's land position on the gold-rich Carolina Slate Belt in South Carolina, USA (see Figures 1 and 2). The Project has grown to 644 hectares (1,591 acres) and now surrounds the former Brewer Gold Mine property (see Figure 3). The Jefferson Gold Project is...
2019-07-15 6:30 AM EDT
Pancon Commences Exploration at the St. Laurent Ni-Cu-Co Project
Toronto, Ontario--(Newsfile Corp. - July 2, 2019) - Pancontinental Resources Corporation (TSXV: PUC) (OTC: PUCCF) ("Pancon" or the "Company") announced today that exploration field work is underway on the newly acquired nickel-copper-cobalt St. Laurent Project, located in St. Laurent Township, Northern Ontario, 160 kilometres northeast of Timmins, 50 kilometres south of Detour Lake Mine and 20 kilometres southwest o
2019-07-02 6:30 AM EDT
Pancon Completes First Drill Program at Montcalm Ni-Cu-Co Project, Identifies Target Area for Further Evaluation
Toronto, Ontario--(Newsfile Corp. - March 27, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") has completed its first exploratory drill program at the early stage Montcalm Ni-Cu-Co Project, adjacent to the former Montcalm Mine owned by Glencore, 65 kilometres northwest of Timmins, Ontario. The purpose of the maiden drill program was to test airborne virtual time-domain electromagnetic (VTEM) geophysical anomalies identified in 2018. All assay results have...
2019-03-27 6:30 AM EDT
Pancon Acquires Ni-Cu-Co St. Laurent Project & Consolidates Its Battery & Energy Metals Strategy in Northern Ontario
Toronto, Ontario--(Newsfile Corp. - March 25, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") is pleased to announce the acquisition of the St. Laurent Project (the "Project"), containing an advanced exploration target hosting a prominent 600-metre long electromagnetic (EM) anomaly with associated Ni-Cu-Co-Au-Pt-Pd mineralization. The Project covers 4,170 hectares and is located in St. Laurent Township, Northern Ontario, 160 kilometres northeast of...
2019-03-25 6:30 AM EDT
Pancon to Acquire New Ni-Co-Cu Project near Timmins, Consolidating Its Dominant Position in Emerging Montcalm Battery & Energy Metals District
Toronto, Ontario--(Newsfile Corp. - January 18, 2019) - Pancontinental Resources Corporation (TSXV: PUC) ("Pancon" or the "Company") announced today it has entered into a binding letter of intent ("LOI") with Pelangio Exploration Inc. (TSXV: PX) to acquire up to a 75% interest in the Strachan Project, covering 2,280 hectares within the Montcalm Greenstone Belt, 65 kilometres northwest of Timmins, Ontario. Strachan is Pancon's fourth early stage Ni-Co-Cu exploration project in the emerging...
2019-01-18 6:30 AM EST