VANCOUVER, BC / ACCESSWIRE / November 25, 2021 /( )(OTC PINK:PACXF)(FSE:2NKN) (the “Company” or “Pacton“) is pleased to announce that it has closed a private placement of 3,718,180 flow-through shares (each a “FT Share“) at $0.55 per FT Share for total gross proceeds of $2,044,999.
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 private placement will be subject to a statutory hold period expiring on March 26, 2022.
About Pacton Gold
Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade gold properties located in therush in Ontario, Canada. The Company also owns a strategic portfolio of prospective projects in the district-scale Pilbara gold rush in Western Australia.
On Behalf of the Board of
Interim President and CEO
For more information, please contact 1-(855)-584-0258 or [email protected].
This news release may contain or refer to forward-looking information based on current expectations, including, but not limited to the Company achieving success in exploring its properties and the impact on the Company of these events, including the effect on its share price. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances. References to other issuers with nearby projects is for information purposes only and there are no assurances the Company will achieve similar results.
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.
View source version on accesswire.com:
Nevada Exploration Provides Project Updates and Seeks Expressions of Interest
VANCOUVER, British Columbia, Aug. 26, 2022 (GLOBE NEWSWIRE) — Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) provides…
Nevada Exploration Announces Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Aug. 29, 2022 (GLOBE NEWSWIRE)…
Aton announces the first results and completion of the resource infill RC drilling programme at Hamama West
VANCOUVER, British Columbia, Aug. 26, 2022 (GLOBE NEWSWIRE) — Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Company") is pleased to update…
NorthWest Copper Announces Additional Kwanika High-Grade Drill Results as Part of a Near-Surface Program in the Northern Part of the Deposit; Results Include 24.95 Metres of 2.18% Copper Equivalent Within a Broader Interval of 87.70 Metres of 0.86% Copper Equivalent
Strong hands buy at bottoms and sell at tops
Constantine and American Pacific Mining Announce Mailing of Meeting Materials in Connection with Constantine’s Special Meeting to Approve Acquisition by American Pacific Mining
Newcrest Enters into an Option and Earn-in Agreement to Acquire up to a 75% Interest in Gunpoint’s Appaloosa Property for Payments Totaling US$5 Million, Incurring US$35 Million in Exploration Expenditures and Delineating a Minimum 1.0 Million Ounce Gold Indicated Resource
Pan Global Announces Drill Program on Eight Copper Targets in the Escacena Project, Spain
Strong hands buy at bottoms and sell at tops – Richard Mills
Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility
NEW PACIFIC FILES FORM 40-F ANNUAL REPORT
Max Resource Reports Geophysical Results, New Assays and Mobilization of the Diamond Drill Rig to URU, CESAR Copper-Silver Project in NE Colombia
Monarch Suspends Operations at the Beaufor Mine
Companies19 hours ago
Kodiak Copper drills 1.03% CuEq over 117 metres at MPD, British Columbia
Precious Metals19 hours ago
Why #gold? Why now? – Richard Mills
Uncategorized18 hours ago
The Treasure Below
Energy & Critical Metals19 hours ago
Innovate BC awards $2.3M to B.C. R&D projects
Companies20 hours ago
Kodiak Copper (TSXV:KDK) Reports 1.03% CuEq Over 117 m, Within 0.34% CuEq Over 735.4 m at Gate Zone at MPD Project
Energy & Critical Metals23 hours ago
Glencore assesses lead operations sustainability at plant in Italy
Companies18 hours ago
Silver Explorer ‘Could Be Sitting on Three-Four Million Ounces’
Uncategorized17 hours ago
7 Best Shipping Stocks to Buy in October