CALGARY, May 27, 2011 /CNW/ - PanTerra Resource Corp. (TSX.V:PRC) (The "PanTerra" or the "Company") wishes to announce that pursuant to the terms and conditions of its
Stock Option Plan, it has granted, in the aggregate, 300,000 incentive
stock options (the "Options") to a certain new officer and two new
directors of the Company. The Options will be exercisable for a five
year period at $0.22 per share and will vest immediately.
PanTerra is a diversified junior public oil and gas company listed on
the TSXV (PRC.V) with holdings in both conventional and unconventional
projects in Western Canada. The Company has a current operated
production base of 75 BOPD and 100 Mcf/d gas with excellent
optimization and exploitation potential. Additionally PanTerra holds
'rights' in approximately 119,000 acres in various properties in
Western Canada. PanTerra trades on the TSX Venture Exchange under the
Company information can be found at: www.panterraresource.com.
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 news
SOURCE PanTerra Resource Corp.
For further information:
Fred P. Rumak P.Geol.
President and C.E.O. at 403-261-5900