CALGARY, July 23, 2012 /CNW/ - PanTerra Resource Corp. (TSX.V: PRC) ("PanTerra") announces that pursuant to the terms and conditions of its stock
option plan and letters of surrender received by PanTerra from three of
its directors and two of its officers, PanTerra has cancelled, in the
aggregate, 185,000 incentive stock options to purchase Common Shares of
PanTerra on July 18, 2012, and, in the aggregate, 450,000 incentive
stock options to purchase Common Shares of PanTerra on July 23, 2012.
PanTerra also announces that pursuant to the terms and conditions of its
stock option plan, it has granted, in the aggregate, 1,005,000
incentive stock options to purchase Common Shares of PanTerra (the
"Options") to four of its directors, one of its officers and seven of
its consultants. The Options are exercisable over a five year period at
an exercise price of $0.10 per share and vest immediately.
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.
Jake Pronk P. Geol