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From: mimur	12/30/2011 10:43:51 AM
	of 312987

PNT on the move with this news.......same crew as FSY ................ Pan Terra to close CongoNamibia deal in January Pan Terra Industries Inc (2) (C:PNT) Shares Issued 36,157,704 Last Close 12/29/2011 $0.465 Friday December 30 2011 - News Release Mr. Alexander Helmel reports PAN TERRA INDUSTRIES PROVIDES UPDATE ON CONGO NAMIBIA ACQUISITION AND PRIVATE PLACEMENT Pan Terra Industries Inc. will be closing in January its previously announced acquisition of 80 per cent of the common shares of CongoNamibia Trading (Pty.) Ltd. (see Oct. 7, 2011, news release) as the company has now received approval from the Namibian Competition Commission. Also, Pan Terra announces that it will be closing next week its previously announced non-brokered private placement (see Oct. 25 and Oct. 31, 2011, news releases) of units and is increasing the placement by an additional 857,143 units to accommodate oversubscriptions. As a result of the increase in the placement to accommodate oversubscriptions, a total of 6,857,143 units will be issued at a price of 35 cents per unit for aggregate proceeds of $2.4-million. All other terms of the private placement remain the same as previously announced. We seek Safe Harbor. © 2011 Canjex Publishing

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