VANCOUVER, Aug. 10, 2018 /CNW/ - Pacton Gold Inc.
(TSXV: PAC) (the "Company" or "Pacton") advises
that further to the binding letter of intent ("LOI") with
Marindi Metals Inc. (MZN:ASX) signed earlier this year (see
news release dated June 20, 2018),
the Company has completed its legal and technical due diligence
investigations into the Bellary Dome ("Bellary Dome")
exploration license 47/2555.
Following discussions with Marindi regarding the outcome of its
due diligence investigations, the Company has elected to terminate
its agreement with Marindi.
About Pacton Gold
Pacton Gold (PAC: TSXV; PACXF: US) is a well-financed
Canadian junior with key strategic partners focused on the
exploration and development of conglomerate-hosted gold properties
located in the district-scale Pilbara gold rush in Western
Australia. The Company recently raised approximately
$5.5 million, currently controls the
third largest conglomerate-hosted gold property portfolio totaling
in excess of 2,500 km2 and continues to aggressively
review additional accretive acquisitions.
On Behalf of the Board of Pacton Gold Inc.
Alec Pismiris
Interim President & CEO
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.
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content:http://www.prnewswire.com/news-releases/pacton-terminates-agreement-to-acquire-100-of-the-bellary-dome-project-300695417.html
SOURCE Pacton Gold Inc.