Pantheon Ventures Ltd announce that it has entered into a share exchange agreement with the shareholders of Bethlehem Iron Ore Corporation, a Nevada corporation having a significant land position within the historic Gentry hematite iron district approximately 80 miles northeast of Phoenix, Arizona.

In addition the Company has concurrently entered into option agreement to secure contiguous parcels of land to the east and west of Bethlehem's project from two unrelated property owners.

Mr Mitch Adam chairman of Pantheon said that "Pantheon has successfully consolidated this significant block of property comprising 350 patented mining claims into a singular iron project within a historic iron region known as the Gentry hematite iron district.”

The Company also announces that it has entered into an exclusive engagement letter with Jordan Capital Markets Inc to raise on a best efforts basis up to USD 1,400,000 through the sale of units of the Company at a price of USD 0.20 per unit.

Each Unit will be comprised of a common share and one half of one share purchase warrant exercisable for a period of 18 months from closing at a price of USD 0.35 per share. Jordan will have an over-allotment option to increase the size of the offering by up to 15% at their discretion.

Source - Marketwire - Canada

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