CALGARY, April 23, 2012 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to announce that pursuant to the terms and conditions of its Stock Option Plan, it has granted, in the aggregate, 125,000 incentive stock options (the "Options") to a new director of the Company. The Options will be exercisable for a five year period at $0.115 per share and will vest immediately.
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 of 100 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 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 news release.
Fred P. Rumak P.Geol.
President and C.E.O. at 403-261-5900