CALGARY, July 16, 2012 /CNW/ - PanTerra Resource Corp. (TSX.V: PRC) ("PanTerra") announces that pursuant to the terms and conditions of its stock
option plan and a letter of surrender received by PanTerra from one of
its directors, PanTerra has cancelled, in the aggregate, 390,000
incentive stock options to purchase Common Shares of PanTerra on July
PanTerra also announces that pursuant to the terms and conditions of its
stock option plan, it has granted, in the aggregate, 150,000 incentive
stock options to purchase Common Shares of PanTerra (the "Options") to
one of its officers. The Options are exercisable over a five year
period at an exercise price of $0.11 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