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| Home : Pan Terra Closes RTO Transaction |
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Apr 28
2011 |
Pan Terra Closes RTO Transaction |
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CALGARY, ALBERTA--(Marketwire - April 28, 2011) - Mr. David Heighington, a Director of Pan Terra Industries Inc. (TSX VENTURE:PNT) (the "Company" or "Pan Terra") is pleased to announce the closing of its previously announced acquisition of all of the issued and outstanding common shares and warrants of 2152508 Ontario Inc. (the "Transaction") on April 21, 2011 ("Closing Date"). The Company obtained the requisite shareholder approval by written consent from the majority of its shareholders. The Company issued 8,000,000 common shares at a deemed price of $0.20 per share and 1,000,000 warrants to the shareholders of 2152508 Ontario Inc. Each warrant entitles the holder to acquire one common share of the Company for $0.20 within 12 months of the closing date. The Company will operate as a Tier 2 Mineral Exploration company listed on the TSX Venture Exchange ("TSX-V"). |
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| Source:http://www.marketwire.com/mw/release.do?id=1507880&sourceType=3 |
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