CALGARY, July 26, 2013 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Company") is pleased to announce that, at its recently held Annual General
Meeting, the following individuals have been elected to the Company's
Board of Directors; Messer's Gordon F. Dixon QC (Chairman), Jake Pronk
P. Geol., David Thompson CA, Geoffrey Baker and Mr. Fred P. Rumak P.
Geol. Mr. J. Glenn Robinson P. Eng. did not stand for re-election due
to health issues. PanTerra would like to thank Mr. Robinson for his
past service and wishes him well in his retirement and future
Further, the Company wishes to announce that final closing of the
previously announced Carrot Creek deal has been moved forward, and
instead of two more closing that were scheduled for July 22 and
September 1st, the final closing for the outstanding balance of $1,399,800 will occur
on or before July 31st, 2013. The Company will use the proceeds to completely eliminate all
current payables and further reduce its credit facility.
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 that have 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