CALGARY, July 15, 2014 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the "Corporation") (TSX VENTURE: PRC) has granted 29,772,500 stock options to directors, officers, employees and consultants of PanTerra at a exercise price of $0.56.
The stock options have been granted pursuant to PanTerra's 10% rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one third thereof on each of the first, second and third anniversaries of the date of grant. Subsequent to this stock option grant, PanTerra will have a total of 29,772,500 stock options outstanding.
PanTerra is a junior public oil and gas company listed on the TSX Venture Exchange under the symbol "PRC", with conventional and unconventional assets in Western Canada. The technical team has worked together for over a decade in the Foothills Region of Western Canada, through two successful, publicly traded companies. The unique skills and repeat success at exploiting a complex, potentially prolific play type are fundamental ingredients for a successful growth-oriented company in Western Canada. Corporation 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 RELEASE.
SOURCE: PanTerra Resource Corp.
For further information: Tim de Freitas, President and CEO, or Carrie McLauchlin, VP Finance & CFO, PanTerra Resource Corp., 800, 717 - 7th Ave. S.W., Calgary, AB, T2P 0Z3, Phone : 403-261-5900, Fax : 403-261-5902