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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Pacton Gold Inc | TSXV:PAC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.105 | 0.105 | 0.19 | 0 | 01:00:00 |
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
VANCOUVER, Dec. 14, 2018 /CNW/ - Pacton Gold Inc. (TSXV: PAC, OTC: PACXF, FSE: 2NKN) (the "Company" or "Pacton") is pleased to announce the closing of a flow-through private placement of 5,881,470 flow-through common shares (the "FT Shares") for total gross proceeds of $2,058,515. The lead order is for $1,998,500 from Sprott Asset Management L.P. as sub-advisor for NINEPOINT 2018-II FT LP, who subscribed for 5,710,000 FT Shares.
The gross proceeds from the issuance of the FT Shares will be used for Canadian Exploration Expenses and will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada).
All securities issued under the placement will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The placement is subject to final acceptance of the TSX Venture Exchange.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
Executive Chairman
Neither TSX Venture Exchange, the Toronto Stock Exchange nor their 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.
SOURCE Pacton Gold Inc.
Copyright 2018 Canada NewsWire
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