Toronto, Ontario--(Newsfile Corp. - March 16, 2017) - The Board of Directors of Pancontinental Gold Corporation (TSXV: PUC) ("Pancon Gold", "Pancon" or the "Company") is pleased to announce the appointment of Mr. Layton Croft as a Director of the Company. Mr. Croft is Vice President of Corporate Development of Pancon Gold and President/Chief Executive Officer of the Company's wholly-owned US subsidiary, Palmetto Mining Corporation. Mr. Croft is also a Director of TSX-listed Erdene Resource Development Corporation and a Director of Asia-Pacific Investment Partners, a private real estate company.
The Company also announces that it has granted Mr. Croft 400,000 options to purchase common shares at an exercise price of $0.12 per common share, expiring on March 16, 2022.
About Pancontinental Gold Corporation
Pancontinental Gold Corporation (www.pancongold.com) is a Canadian-based mining company focused on the exploration and development of the Jefferson Gold Project in South Carolina, USA, and on acquiring additional prospective properties. The Company's shares are listed on the TSX Venture Exchange, trading under the symbol PUC. In 2015, Pancon Gold sold its interest in its Australian rare earth element (REE) and uranium properties, formerly held through a joint venture, and retains a 1% gross overriding royalty on 100% of future production.
