Pan Terra Industries Inc.

Pan Terra Industries Inc.

June 21, 2011 08:15 ET

Pan Terra Industries Announces Board Changes and Appointment of Qualified Person

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2011) - Mitchell Adam, President of Pan Terra Industries Inc. (TSX VENTURE:PNT) ("Pan Terra" or the "Company") is pleased to announce that effective immediately James Turner, P.Geo has been appointed to the Company's Advisory Board as Geological Consultant and Michael Slater has been appointed a independent director of the Company . The Company also announces that Mr. Gregory Marr has resigned from the Board of Directors and remains as the Company's Chief Financial Officer.

Mr. Turner is a qualified person ("QP") for the purposes of National Instrument 43-101 - Standards of Compliance for Mineral Projects of the Canadian Securities Administrators and has previously acted as a QP for TSX-V listed companies. Mr. Turner has been a practicing geologist since 1976, is currently a member of the Association of Professional Engineers and Geoscientists of British Columbia and a former fellow of the Geological Association of Canada.

Mr. Slater has over 40 years of international sales experience in heavy equipment with emphasis in the energy and mining sector. As President of Motivation Industrial Equipment for almost a decade he successfully managed and sold the company in 2007, before pursuing other entrepreneurial endeavors.

"As Pan Terra completes our previously announced high grade gold and copper asset acquisitions in Africa the company will greatly benefit from the international business, exploration and development experience of Mr. Turner and Mr. Slater" said Mitchell Adam, President of the Company.

The Company would also like to report the granting of 450,000 incentive stock options to certain directors, officers, employees and consultants of the Company at a price of $0.53 per common share, exercisable for a 5 year period.

The TSX-V has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

This news release contains forward-looking statements regarding the future success of the business of the Company that is subject to risk and uncertainties. Examples of such forward- looking statements including, but are not limited to, statements concerning the Company's acquisition of the interest in the Mertens, expectations concerning the timing and success of exploration activities generally, government regulation of exploration and mining operations, indications and benefits of exploration, drilling test work and engineering assessments, environmental risks, tile disputes or claims, and the Company's intention to raise additional capital and financing. These forward-looking statements involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. These risks include risks related to dependence on key personnel, competition, risks related to newly acquired businesses, uncertainty and dilution of additional financing and ability to service debt, as well as the risk factors described in the Company's Management Discussion and Analysis filed on SEDAR at, and the risks to be described in any Management Information Circular. The forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward- looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

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 release.

Contact Information

  • Pan Terra Industries Inc.
    Mr. Mitchell Adam
    (604) 678-5308

    Pan Terra Industries Inc.
    1011 West Cordova Street Suite 4006
    Vancouver, British Columbia V6C 0B2