/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
CALGARY, Feb. 28, 2014 /CNW/ - Gordon F. Dixon ("Dixon") issues this press release pursuant to Part 3 - Early Warning Requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues with respect to PanTerra Resource Corp. ("PanTerra"). PanTerra trades on the TSX Venture Exchange under the symbol "PRC".
On February 18, 2014 Dixon acquired 2,029,778 common shares (the "Common Shares") in the capital of PanTerra at a deemed price of $0.045 per Common Share through a settlement agreement pertaining to a civil matter.
The Common Shares acquired by Dixon represent approximately 7.05% of the current issued and outstanding Common Shares of PanTerra.
Immediately following this acquisition, Dixon holds an aggregate of 4,246,278 Common Shares (approximately 14.76% of the outstanding Common Shares).
The shares were acquired as part of a settlement agreement in a civil matter. Depending on economic or market conditions or matters relating to PanTerra, Dixon may choose to either acquire additional securities or dispose of currently held securities of PanTerra.
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 of accuracy of this news release.
SOURCE: Gordon F. Dixon
For further information:
A copy of Dixon's related early warning report filed with the applicable securities commissions and further information may be obtained by contacting Sue Lawrence via telephone at 403-297-9481 and facsimile at (403) 266-1487. Dixon's head office is located at Ste 501, 888, 4th Avenue S.W., Calgary, Alberta T2P 0V2