Pancontinental Grants Options and Settles Debt for SharesThe directors and CEO are paid in shares. It shows they have confidence that this company is worth something. Otherwise 2.55M shares of nothing is still nothing.
"
Toronto, Ontario--(Newsfile Corp. - May 1, 2018) - Pancontinental Gold Corporation (TSXV: PUC) ("Pancontinental" or the "Company) has granted 2,550,000 options to directors and officers and an employee and consultant of the Company to purchase common shares at an exercise price of $0.07 cents per common share, expiring on May 1, 2023. The Company also intends to settle an aggregate of $78,820 of indebtedness owed to the Company's President and CEO and a creditor of the Company, through the issuance of 1,126,000 common shares of the Company at a price of $0.07 per share. Closing of the debt settlement is subject to the approval of the TSX Venture Exchange."