CALGARY, Nov. 26, 2012 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") announces that it has acquired a 20% interest in a minor oil and gas property located in central Alberta from an arm's length private company. For its share of payment, the Company has issued in the aggregate 1,105,264 common shares of PanTerra at a deemed price of $0.095 per share.
PanTerra is a diversified junior public oil and gas company listed on the TSX Venture Exchange ("TSXV") under the symbol "PRC", with holdings in both conventional and unconventional projects in Western Canada. The Corporation has an operated production base in excess of 150 BOPD and 100mcf/day gas (based on field estimates) with excellent optimization and exploitation potential. 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. at 403-261-5900
Jake Pronk P. Geol
V.P. Exploration at 403-261-5900