Pancontinental Uranium Corporation (“Pancon” or the “Company”) announces that David Poynton has been appointed Assistant Corporate Secretary of the Company. In addition, Mr. Poynton has been granted options to acquire 50,000 common shares of the Company. The options have a term of five years, are exercisable at Cdn $0.95 per common share, and vest as follows: one-third immediately, one-third after one year and the final one-third after the second year.
Further, the Company is amending its press release dated September 14, 2007. The Company had incorrectly reported that 2,150,000 options were granted on September 13, 2007. The number of options granted on September 13, 2007 was 2,100,000.
For further information, please contact Richard Mark, President and CEO at 1-866-816-0118 or
604-986-2020 or Ashleigh Meyer, Manager, Investor Relations at 416-867-8073.
For further information, please contact Richard Mark, President and CEO at 604 - 986 - 2020 or Ashleigh Meyer, Investor Relations at 416 - 867 - 8073.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This press release is not for distribution to any U.S. news wire services or for dissemination in the United States of America.
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