CALGARY, Jan. 12 /CNW/ - PanTerra Resource Corp. (The "Company") wishes
to announce that pursuant to the terms and conditions of its Stock
Option Plan, it has granted, in the aggregate, 940,000 incentive stock
options (the "Options") to the officers, directors and consultants of
the Company. The Options will be exercisable for a five year period at
$0.21 per share and will vest immediately.
PanTerra Resource Corp. is an Alberta-based producing oil and gas
company which is focused on the exploration and development of
conventional and unconventional potential in Western Canada. The
Corporation holds 'rights' in excess of 100,000 acres in various
properties in Western Canada. PanTerra trades on the TSX Venture
Exchange under the symbol "PRC". Further 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