CALGARY, July 26, 2013 /CNW/ – PanTerra Resource Corp. (“PanTerra” or the “Company“) is pleased to announce that, at its recently held Annual General Meeting, the following individuals have been elected to the Company’s Board of Directors; Messer’s Gordon F. Dixon QC (Chairman), Jake Pronk P. Geol., David Thompson CA, Geoffrey Baker and Mr.Fred P. Rumak P. Geol. Mr. J. Glenn Robinson P. Eng. did not stand for re-election due to health issues. PanTerra would like to thank Mr. Robinson for his past service and wishes him well in his retirement and future endeavours.
Further, the Company wishes to announce that final closing of the previously announced Carrot Creek deal has been moved forward, and instead of two more closing that were scheduled for July 22 and September 1st, the final closing for the outstanding balance of $1,399,800 will occur on or before July 31st, 2013. The Company will use the proceeds to completely eliminate all current payables and further reduce its credit facility.
PanTerra is a diversified junior public oil and gas company listed on the TSX Venture Exchange (“TSXV“) under the symbol “PRC”, with holdings in both conventional and unconventional projects in Western Canada that have excellent optimization and exploitation potential. Company information can be found at: www.panterraresource.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE PanTerra Resource Corp.
For further information:
Fred P. Rumak P.Geol.
President and C.E.O. at 403-261-5900
Jake Pronk P. Geol
V.P. Exploration at 403-261-5900