Pancontinental Resources Corp. has completed its initial shallow rotary air blast drilling program at its flagship Brewer Gold Project. The program commenced on August 6, concluded on September 8, and drilled nearly 1,700 meters in 90 shallow holes. Most of the drill holes paralleled Pancon's recently completed geophysical traverses across regionally extensive northeast-trending gold and base metal mineralization and [...]
Pancontinental Resources Corp. fully subscribed its previously announced concurrent brokered and non-brokered financing. A private placement brokered by Paradigm Capital Inc. issued 14,967,000 units of the Company at a price of $0.12 per Unit, for gross proceeds of $1,796,040 . The Company issued a further 10,533,000 Units for aggregate gross proceeds of $1,263,960 through non-brokered efforts . Together, the Brokered [...]
Pancontinental Resources Corp. has entered into an agreement with Paradigm Capital Inc. in connection with a best efforts private placement offering of up to 16,666,700 units of the Company to be issued at $0.12 per Unit for gross proceeds of up to $2 million. The Company will also issue up to 8,333,334 Units in a non-brokered private placement for additional gross proceeds of up to $1 million. Each Unit will consist of [...]
Pancontinental Resources Corp. is pleased to report that it commenced, on August 6, an initial shallow rotary air blast drilling program at its flagship Brewer Gold Project. Brewer is a high-sulphidation epithermal Au-Cu system that produced 178,000 ounces of near-surface oxide gold from 1987-1995. The Brewer Gold Project and contiguous Jefferson Gold Project, whose Area of Interest surrounds the Brewer property, are [...]
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 [...]
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