The TSX Venture Exchange has accepted for filing a memorandum of understanding dated Oct. 1, 2018, between Pancontinental Resources Corp. and the Flying Post First Nation (FPFN). The agreement outlines various measures agreed to between the parties in relation to the continuing development of the company's Montcalm, Gambler and Nova projects, located in Timmins, Ont.

Pursuant to the terms of the agreement, the company will issue 50,000 common shares to FPFN in consideration of the mutually beneficial framework agreed upon.

For further details, please refer to the company's news release dated Oct. 11, 2018.