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Pancon Announces Brokered Private Placement of up to C$3.0 Million

Pancon Announces Brokered Private Placement of up to C$3.0 Million

Pancon宣佈經紀私募高達300萬加元
newsfile ·  2022/03/28 19:41

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 Company of up to C$3,000,000 (the "Offering").

安大略省多倫多-(Newsfile Corp.-3月28日2022年)-泛大陸資源公司(多倫多證券交易所股票代碼:PUC)(場外交易代碼:PUCCF)(“Pancon”或“本公司”)與Red Cloud Securities Inc.及Paradigm Capital Inc.(“代理商”)訂立合約協議(“合約協議”),根據該等合約,代理商將擔任聯席牽頭代理及聯席賬簿管理人,以每單位0.08加元(“單價”)的價格出售最多37,500,000股本公司(以下簡稱“單位”)的單位(“單位”),向公司出售最多3,000,000加元的總收益(“發售”)。

Pancon President & CEO, Layton Croft, stated: "Our recently announced no-cost extension to our option to explore our flagship Brewer Gold & Copper Project through December 31, 2024 enhances our potential for success. This financing will fund new phases of geophysics and drilling, which will commence immediately and will be designed to accelerate negotiation of a potential purchase of Brewer from the Receiver."

Pancon總裁兼首席執行官Layton Croft表示:“我們最近宣佈免費延長勘探我們的旗艦釀酒商黃金和銅礦項目至2024年12月31日的選擇權,這增強了我們的成功潛力。這筆融資將為地球物理和鑽探的新階段提供資金,這些新階段將立即開始,旨在加快從接收方手中收購布魯爾的談判。”

Each Unit shall consist of one common share of the Company (each, a "Unit Share") and one common share purchase warrant of the Company (each, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at an exercise price of C$0.14 per Warrant Share at any time on or before the date which is 24 months after the Closing Date (as defined herein). In the event that the daily volume weighted average price (or closing bid price on days when there are no trades) of the common shares of the Company on the TSX Venture Exchange (the "TSXV") is at least C$0.25 per common share for a minimum of twenty (20) consecutive trading days, the Company may provide written notice to holders of the Warrants requiring the holder of the Warrants to exercise the Warrants within twenty (20) days following the date of delivery of such written notice.

每單位由一股本公司普通股(每股“單位股”)及一份本公司普通股認購權證(每股“認股權證”)組成。每份認股權證持有人均有權於截止日期(定義見本文)後24個月當日或之前的任何時間,按行使價每股認股權證股份0.14加元購買一股本公司普通股(每股“認股權證股份”)。倘若公司普通股在多倫多證券交易所創業板(“多倫多證券交易所”)的每日成交量加權平均價(或無交易日的收市價)在連續至少二十(20)個交易日內至少為每股普通股0.25加元,本公司可向認股權證持有人發出書面通知,要求認股權證持有人在該書面通知交付日期後二十(20)日內行使認股權證。

The Company also grants the Agents an option, exercisable in full or in part up to 48 hours prior to the closing of the Offering, to sell up to an additional 6,250,000 Units at the Unit Price for additional gross proceeds of up to C$500,000.

本公司還向代理商授予可在發售結束前全部或部分行使的選擇權,以按單價額外出售最多6,250,000個單位,額外毛收入最高可達500,000加元。

The net proceeds raised under the Offering will be used for the exploration and advancement of the Company's Brewer Gold & Copper Project and Jefferson Project in South Carolina, U.S. and for general working capital purposes.

本次發行募集的淨收益將用於勘探和推進公司在美國南卡羅來納州的布魯爾黃金和銅礦項目和傑斐遜項目,並用於一般營運資金用途。

The Offering is scheduled to close on or about April 19, 2022 or such other date as may be mutually agreed upon between the Company and Red Cloud (the "Closing Date"). The completion of the Offering is subject to certain conditions including, but not limited to the receipt of all necessary regulatory and other approvals, including the approval of the listing of the Unit Shares, Warrant Shares and the common shares of the Company issuable upon the exercise of the Broker Warrants on the TSXV. Resale of the securities of the Company distributed under the Offering will be restricted, including a statutory hold period in Canada of four months and one day following the Closing Date.

本次發售定於2022年4月19日左右或本公司與Red Cloud雙方商定的其他日期(“截止日期”)結束。完成發售受制於若干條件,包括但不限於收到所有必需的監管及其他批准,包括批准單位股份、認股權證股份及本公司可於多倫多證券交易所買賣認股權證行使時發行的普通股上市。根據發售而分銷的本公司證券的轉售將受到限制,包括在加拿大的法定持有期為四個月零一天。

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

所發售的證券尚未根據修訂後的《1933年美國證券法》進行登記,在沒有登記或獲得適用的豁免登記要求的情況下,不得在美國發售或出售。本新聞稿不應構成出售要約或徵求購買要約,也不應在任何這樣的要約、徵求或出售將被視為非法的國家出售證券。

Brewer Project Progress

釀酒廠項目進展

Pancon's exclusive option to explore and purchase the 1,000-acre Brewer property began on April 1, 2020. Since then, the Company has conducted: historic data review; mapping; geophysical surveys; rotary air blast (RAB), sonic, and core drilling; assay, multielement geochemical, spectral, and petrographic analyses; preliminary metallurgical testing; data compilation; and modeling. This work included drilling and reporting lab results for more than 9,000 meters (m) of drill samples: core (5,000 m), RAB (3,900 m), and sonic (350 m). As a result of work to date, Pancon has updated its data driven Discovery Model that identifies the most prospective parts of the Brewer gold-copper system. Next steps include induced polarization (IP) surveys in 4 target areas, followed by drilling (see Pancon's news release of February 3, 2022 and for more information).

Pancon從2020年4月1日開始擁有勘探和購買1,000英畝布魯爾地產的獨家選擇權。從那時起,該公司開展了以下工作:歷史數據審查;繪圖;地球物理調查;旋轉空氣噴射(RAB)、聲波和巖心鑽探;分析、多元素地球化學、光譜分析和巖石學分析;初步冶金測試;數據彙編;以及建模。這項工作包括鑽探和報告超過9,000米(米)的鑽探樣品的實驗室結果:巖心(5,000米)、RAB(3,900米)和聲波(350米)。作為迄今工作的結果,Pancon更新了其數據驅動發現模型,該模型確定了布魯爾黃金-銅系統中最有前景的部分。下一步包括在4個目標區域進行激發極化(IP)測量,然後進行鑽探(參見Pancon於2022年2月3日發佈的新聞稿,瞭解更多信息)。

About Pancon

關於Pancon

Pancontinental Resources Corp. (TSXV: PUC) (OTCQB: PUCCF), or Pancon, is a Canadian junior mining company exploring the rich, underexplored Carolina Slate Belt in the southeastern USA. In January 2020, Pancon won the exclusive right to explore and purchase the former Brewer Gold Mine property, with an option period through October 2023. Between 1987-1995, Brewer produced 178,000 ounces of oxide gold from open pits that extended to 65-meter depths, where gold (Au) and copper (Cu) sulphides were exposed but could not be processed by the oxide heap leach operation. Pancon's 100%-owned, 1,960-acre Jefferson Gold Project nearly completely surrounds the 1,000-acre Brewer property. The Brewer-Jefferson area of interest, in Chesterfield County, South Carolina, is 12 kilometers along trend from the producing Haile Gold Mine, which produced 190,000 ounces of gold in 2021 (). Brewer is a large, epithermal, high sulphidation gold-copper system driven by a sub-volcanic intrusive, possibly connected to a large copper-gold porphyry system at depth.

泛大陸資源公司(多倫多證券交易所股票代碼:PUC)(OTCQB:PUCCF)或Pancon是一家加拿大初級礦業公司,正在勘探美國東南部富饒、未被勘探的卡羅萊納板巖帶。2020年1月,Pancon贏得了前布魯爾金礦物業的獨家勘探和購買權,選擇權期限至2023年10月。1987-1995年間,布魯爾從65米深的露天礦坑中生產了17.8萬盎司的氧化金,金(金)和銅(銅)硫化物在那裏暴露出來,但無法通過氧化物堆浸作業進行處理。Pancon擁有100%所有權、佔地1,960英畝的傑斐遜黃金項目幾乎完全包圍了佔地1,000英畝的布魯爾地產。位於南卡羅來納州切斯特菲爾德縣的布魯爾-傑斐遜感興趣地區,距離正在生產的海爾金礦12公里,該金礦在2021年生產了19萬盎司黃金()。布魯爾是一個由次火山侵入巖驅動的大型低温熱液高硫化金銅系統,可能與深部的大型銅金斑巖系統有關。

Qualified Person

有資格的人

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in NI 43-101 and reviewed and approved by Patrick Quigley, MSc, CPG-12116, a Qualified Person as defined by NI 43-101.

本新聞稿中的技術信息是根據NI 43-101中規定的加拿大法規要求準備的,並由CPG-12116碩士帕特里克·奎格利(Patrick Quigley)審查和批准,他是NI 43-101定義的合格人員。

For further information, please contact:
Jeanny So, External Relations Manager
E: info@panconresources.com
T: +1.647.202.0994

如需更多信息,請聯繫:
蘇珍妮,對外關係經理
電子郵箱:Info@panconresource ces.com
T: +1.647.202.0994

For additional information please visit our new website at and our Twitter feed: @PanconResources.

欲瞭解更多信息,請訪問我們的新網站和我們的Twitter訂閲:@PanconResources。

Neither 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.

多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at . Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

本新聞稿包含不包含歷史事實的前瞻性信息。前瞻性信息的特點是“計劃”、“預期”、“項目”、“打算”、“相信”、“預期”、“估計”等類似詞語,或某些事件或條件“可能”或“將”發生的陳述。前瞻性信息涉及風險、不確定性和其他因素,可能導致實際事件、結果和機會與此類前瞻性信息明示或暗示的情況大不相同。可能導致實際結果與這些前瞻性信息大不相同的因素包括,但不限於,股票和債務市場狀況的變化,大宗商品價格的波動,在獲得所需的監管或政府批准方面的延誤,以及礦產勘探和開發行業涉及的其他風險,包括公司在公司簡介中提交的公司管理層討論和分析中列出的風險。本新聞稿中的前瞻性信息是基於截至本新聞稿發佈之日管理層認為合理的意見和假設,包括所有必要的政府和監管部門的批准將在預期的時間內得到。儘管本公司認為在準備本新聞稿中的前瞻性信息時使用的假設和因素是合理的,但不應過度依賴這些信息。除適用的證券法要求外,公司沒有任何更新或修改任何前瞻性信息的意圖或義務。

Not for Dissemination in the United States or through U.S. Newswire Services

不得在美國境內傳播或通過美國新聞通訊社服務

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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