Finance & Investing | Capital Markets
PanTerra Scores Funding Increase for Tomahawk, Carrot Creek
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PanTerra Resource Corp. has received a letter of intent from Insch Commodity Ltd. committing a further $5,000,000 in future funding for "go-forward" joint venture projects that PanTerra and Insch are currently involved in.
This funding will be utilized for the drilling of several new wells at the Company's Tomahawk project as well as the immediate commencement of the Carrot Creek Phase II Water-flood and Enhanced Recovery scheme.
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