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Pacton Gold Inc (PK)

Pacton Gold Inc (PK) (PACXF)

0.07
0.00
(0.00%)
Closed July 27 3:00PM

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Key stats and details

Current Price
0.07
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Previous Close
0.07
Open
-
Last Trade
Last Trade Time
Average Volume (3m)
-
Financial Volume
-
VWAP
-

PACXF Latest News

No news to show yet.
Period โ€ ChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
156-0.4699-87.03463604370.53990.540.001165650.28747616CS
260-0.0555-44.22310756970.12551.310.0011483530.1837391CS

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PACXF Discussion

View Posts
Renee Renee 1 year ago
PACXF: Pursuant to the Agreement, Trillium completed the acquisition of all of the issued and outstanding common shares of Pacton by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the "Transaction"). Under the Agreement, each Pacton shareholder received 1.275 common shares of Trillium for each common share of Pacton held. For further information in connection with the arrangement, please refer to Pacton's Information Circular, dated as of May 2, 2023.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions
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Renee Renee 4 years ago
PACXF: effective June 9,2020 a one for 10 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
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Tom Trady Tom Trady 4 years ago
THATS WHAT I THAUGHT...YOU GOT CRUSHED
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Tom Trady Tom Trady 4 years ago
KLIMANJARO--> WHERE YOU AT NOW YOU PHONEY
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Tom Trady Tom Trady 5 years ago
BIGGEST SCAM IN THE MINING HUGE-DUD
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Tom Trady Tom Trady 5 years ago
P U R E GARBAGE STOCK 4 LOSERS
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Tom Trady Tom Trady 5 years ago
HOW SAD FOR ALL WHO INVESTED HERE-- BIONOVELUS AKA -ONOV- AND ATACAMA RESOURCES AKA - ATNM- UP HUGE...I WARNED YOU ALL ABOUT THIS SCAMMMMM.....NO GOLD IN THEM THEIR TURTLE SWAMPS....SELL PACXF RE INVEST IN ONOV. OR. ACRL.....YOU ""WILL BECOME WEALTHIER THAN YOU EVER IMAGINED...THATS 100% FACT.
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Tom Trady Tom Trady 5 years ago
LiKE CATCHING A FALLING KNIFE, THAN PACXF IS 4 YOU, JUST HORRIBLE PERFORMANCE...HEY LETS BLOW THRU ALL OUR CASH....BUY BUYING MORE TURTLE FARM LAND....AT THE EXPENSE OF OUR SHAREHOLDERS.....YA THAT SOUNDS GOOD....JUST LOOK AT THAT CHART....STRAIGHT DOWN...I HUB BOARD HERE HAS GONE SILENT....THEY REALIZED I WAS RIGHT....AND THEY GOT BURNED HARD....OR....MAYBE THEY LISTENED TO ME AND BAUGHT """"ACRL""" WHICH IS NIW DEBT FREE AS OF YESTERDAY...AND BOARDERS KIRKLAND THEEE BIGGEST GOLD PRODUCER IN CANADA.....ACRL GOING TO MAKE INVESTORS MILLIONAIRES.....PACXF....GOING TO MAKE ALL OF YOU OWNERS OF NEW PET TURTLES. ....THIS STOCK IS HORRENDOUS....YOU SHOULD ALL BE CALLING CEO AND ASK HIM WHAT THE HELL ARE THEY DOING......YOUR ALL GOING TO GO BROKE HERE.....THATS A GUARENTEE....OR.....BUY ACRL AND BECOME WEALTHIER THAN YOU EVER IMAGINED.
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Tom Trady Tom Trady 5 years ago
WOW WERE YOU ALL WRONG- THIS IS A HUGE SCAMMM
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Tom Trady Tom Trady 5 years ago
I LOVE THE ABSOLUTELY FAKE YOU TUBE PROMOS FOR THIS COMPANY ..LOVE THE FAKE NEWS SET...AND SOMEONE IN THE COMPANY DAUGHTER WITH A CLIP BOARD ACTING LIKE A REAL STOCK HOST ASKING IN DEPTH QUESTIONS...LOOKS LIKE SOMTHING STRAIGHT OUT OF HIGH SCHOOL....THIS COMPANY IS ALMOST BROKE....SPENDING MONEY ON MOOSE PASTURES, AND TURTLE SWAMPS....JUST LOOK AT THE CHART....ITS GOING LOWER AND LOWER EVERY DAY.....EVERY TIME I CHECK THIS TICKER ITS. ""RED"".... CONGRATULATIONS YOUR ALL MASSIVE BAG HOLDERS....GLAD IM WATCHING THIS FROM THE SIDELINES....NOTHING BUT WEALTH DISTRUCTION FROM PACXF....ITS ONLY GOING TO GET WORSE HERE.....ATACAMA --> ACRL IS THE REAL GOLD MINE SITTING ON SAME LAND AS KIRKLAND LAKE.....PACXF IS GOING STRAIGHT DOWN......UGLIEST CHART ON THE OTC.....HAVE FUN HOLDING THE BAG AS INSIDERS ARE JUMPING SHIP EVERY DAY....PACTON MOLD IS BROKE...AND SOON YOU WILL BE TO.
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Tom Trady Tom Trady 5 years ago
ACRL STOCK ATICAMA IS ON FIRE, AND MESSAGE BOARD HAS TONS OF ACTION,...THIS MESSAGE BOARD IS DEAD AND SO IS THE STOCK PRICE...ANY OF YOU INVESTED HERE SHOULD SEE THIS THING IS THE FALLING KNIFE.....EVEN WITH REPORTS OF GOLD AND BUYING MORE LAND ....THIS STOCK IS FALLING LIKE A ROCK.....ACRL IS UP GIGANTIC AND THEY ARE ON SAME LOOK AND AS KIRKLAND IN CANADA....I TOLD ALL 1 OR 2 OF YOU HERE ON THIS BOARD....ACRL IS THE PLAY.... NOT PACXF TURTLE HAVEN.
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Tom Trady Tom Trady 5 years ago
PACTON BUYING MORE LAND -MORE LAND = MORE TURTLES...TERRIBLE SHARE PRICE, ALL THIS NEWS AND....WOMP.....WOMP.....STUCK AT 10 CENTS....TO 12 CENTS.... JUST HORRIBLE.
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klimanjaro klimanjaro 5 years ago
howdy? are you enjoying the ride on the sideline? Have fun watching!
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klimanjaro klimanjaro 5 years ago
stop yelling! this is easy:if you are already out, why waste your time. Don't you have better to do with what could make you money. it's called positive productivity
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klimanjaro klimanjaro 5 years ago
stop yelling! this easy:if you are already out, why waste your time. Don't you have better to do with what could make you money. it's called positive productivity
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Tom Trady Tom Trady 5 years ago
WRONG - YOUR WRONG..ITS RED AGAIIIN AFTER NEWS...YOUR WRONG...ITS IN THE RED....WAKE UP....ANY OTHER STOCK WOULD BE ROCKETING UPWARDS....PACXF...DOWN ON NEWS.......NOT GOOD
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klimanjaro klimanjaro 5 years ago
Correction; WRONG WRONG again.
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Tom Trady Tom Trady 5 years ago
NEWS OUT YESTERDAY AND STOCK "FLAT-LINED""ANY OTHER STOCK WOULD HAVE GONE ON A RUN.....NOT THIS ONE...IT WENT IN A FLAT LINE FOR ABOUT 5 HOURS....LOOK AT THE CHART...D O A...

THE NEWS REPORT SHOULD HAVE STATED,

NO GOLD FOUND, JUST HUNDREDS MORE OF RED LAKE MUD TURTLES.....

THE FINDING OF TURTLES WOULD HAVE AT LEAST MOVED THE NEEDLE ON THIS STOCK...

BUT 5 HOURS OF SIDEWAYS STRAIGHT LINE....ON NEWS....

NOT GOOD. !!!
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klimanjaro klimanjaro 5 years ago
Why are you yelling with big caps. Read this instead!
This man is not saying so:

Pacton Gold closes almost C$2.1M private placement led by firm founded by billionaire investor Eric Sprott
The gross proceeds from the issuance will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures
Do you know who Eric Sprott is?

Pacton Encounters Multiple New High-Grade Gold Samples, Including 101.3 g/t Au and 33.9 g/t Au
PartagerLinkedInEmailTwitterFacebook
Vancouver, British Columbia, October 23, 2019 โ€“ Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the โ€œCompanyโ€ or โ€œPactonโ€) is pleased to report new high-grade surface results from channel samples cut by a rock saw at the Boyden prospect โ€“ part of the Companyโ€™s Red Lake gold project - including 101.3 g/t Au and 33.9 g/t Au. This recent sampling was part of comprehensive work program involving outcrop stripping, detailed mapping and channel sampling to follow up on initial surface sampling in the Boyden area that returned gold values including 126.5 g/t Au and 23.3 g/t Au (see Pacton news release dated July 26, 2019). The Boyden prospect is the first of several high priority target areas for the 10,000 meter drill campaign.

Multiple high-grade surface samples confirm key drill targets. Channel sampling at the Boyden prospect area has returned high-grade values including 101.3 g/t Au, 33.9 g/t Au, 31.6 g/t Au and 27.6 g/t Au. Additional channel sampling results are summarized in Table 1.
Combined with outcrop stripping and detailed mapping at Boyden (Figure 1), these results further refine the drill targeting strategy.
Table 1. Summary of chan
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Tom Trady Tom Trady 5 years ago
ACRL STRIKING HUGE AMOUNTS OF GOLD - PACXF - NOTHING BUT A BROKE COMPANY WITH INSIDERS SELLING LIKE MAD...LOOK AT THE PACXF CHART....STRAIGHT DOWN.....IN FREE FALL......NO POSITIVE NEWS....JUST A COMPANY BLOWING THRU ALL ITS CASH....AND NOTHING TO SHOW FOR DRILLING BUT ....HUNDREDS OF OUNCES OF RED LAKE MUD TURTLES.....

SORRY EDGE....I WAS RIGHT YOU WERE WRONG...U SHOULD HAVE LISTNED....ENJOY YOUR PACXF SORROW TURTLE.
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Tom Trady Tom Trady 5 years ago
9 FREAKIN. CENTS...R U KiDDING ME..CALL PACTON GOLD ASAP...INSIDERS KNOW THEY SRE BROKE....INSIDERS ARE DUMPING AS FAST AS THEY CAN....HOW CAN THIS GO FROM 11 CENTS TO 9 WITH SO LITTLE , VOLUME....

ITS CRIMINAL....ABSOLUTELY CRIMINAL....SHAREHOLDERS DESERVE AN UPDATE.....I WARNED YOU ALL....PACTON HAS BLOWN THRU ALL THEIR CASH.....THEY ARE...BROKE AS A JOKE AND ALL LONG INVESTORS ARE NOW. HUGE BAG HOLDERS.....NO GOLD -JUST 100 OZ MUD TURTLES....SO SAD FOR EDGE....SHORT THIS TURD. ASAP....BEFORE INSIDERS BURY YOU
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Tom Trady Tom Trady 5 years ago
SHORTING IT NOW IS THE ONLY WAY..ITS A TURD.....FALLING KNIFE BIG TIME....LOOKS LIKE THE OTHER GUY SAW THE SAYLIGHT AND SOLD....THEN GOT OUT OF THE KITCHEN....LOSING MONEY GOT HIM BURNED....PACXF IS NOW JUST A SHORT STOCK...AND BELIEVE ME. 7 CENTS AINT FAR OFF.....I TOLD YOU THIS WAS A HUGE SCAM
NOTHING BUT RED LAKE MUD TURTLES...AND THE STOCK PRICE PROVES IT...

ANOTHER RED DAY HERE AT PACXF...THIS STOCK SUCKS
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Tom Trady Tom Trady 5 years ago
10 CENTS...REALLY..LOL COMPANY IS BROKE ITS IMPLODING RIGHT INFRONT OF YOU ,, TGEIRS NO GOLD...NOTHING...NO UPDATES....NO NEWS....OH WAIT....THE COMPANY IS BLEEDING OUT MONEY AND BURNING THRU CASH AS FAST AS IT CAN....ITS A RACE TO THE BOTTOM...SEE YOU AT 8 CENTS IN " OH LETS SAY. 3 DAYS....


YOU SHOULD REALLY TAKE MY ADVICE , LOOK AT THAT CHART....ITS IN ABSOLUTE FREE FALL.....ITS A SCAM.....BUT YOU MIGHT J7ST GET A MUD TURTLE FOR ALL YOUR FINANCIAL DESTRUCTION.
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Tom Trady Tom Trady 5 years ago
NO GOLD, NO NEWS, JUST HUNDREDS OF RED LAKE MUD TURTLES....THE LOWER IT GOES THE MORE PROOF YOU HAVE THAT I AM THE
GTOAT ---->
THE GREATEST TRADER OF ALL TIME
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Edgenation Edgenation 5 years ago
Well thanks for finally admitting you are shorting Tom Trady
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Tom Trady Tom Trady 5 years ago
YOUR NOT BUYING- IM NOT BUYING--> ITS A RACE TO GET OUT....JUST LOOK AT THE CHART...IT IS IN FREE FALL.....PACTON GOLD IS GOING BROKE...AND INSIDERS KNOW IT.....PEOPLE ARE FLEEING FOR THE EXITS....OH ITS GETTING BAD...OH SO BAD...BUT NOT FOR ME THE LOWER IT GOES THE MORE I MAKE...MBUT IM ALREADY A MULTI MILLIONAIR....I DONT REALLY NEED THIS SPARE CHANGE...NO GOLD HERE....ACRL IS THE REAL GOLD MINE.
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Edgenation Edgenation 5 years ago
Whereโ€™d you get those numbers Tom? From your Etch N Sketch probably
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Tom Trady Tom Trady 5 years ago
121.00 spent yesterday on BUYS....BIG SPENDER....


THIS STOCK IS TOAST. !
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Edgenation Edgenation 5 years ago
Bought more this morning! love it
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Tom Trady Tom Trady 5 years ago
ITS JUST GETTING WORSE AND WORSE, OUT OF THE 12'S INTO THE 11'S SHE GOES....THE ICEBURG HAS BEEN STRUCK,

ITS RED LAKE MUD TURTLE TIME FOR ALL SHAREHOLDERS.

THE CASH BURN RATE REPORT HAS SCARED OFF ANY POTENTIAL INVESTORS

ITS LIGHTS OUT FOR PACTON GOLD....

THEY MIGHT JUST SPRAY PAINT THE TURTLES GOLD AND PAWN THEM OFF AS MOVEABLE GOLD NUGGETS WITH LEGS..
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Edgenation Edgenation 5 years ago
Added many discounted shares today 8)
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Tom Trady Tom Trady 5 years ago
SORRY TO SEE ITS RED AGAIN-- ALMOST DAILY.....SO FAR TONS OF OUNCES OF MUD TURTLES......O - OUNCES OF GOLD....COMPANY BURNING THRU CASH - BIG TIME....READ THE PRESS RELEASE FROM LAST WEEK.
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Edgenation Edgenation 5 years ago
And show the proof in the news please where they are going bankrupt lol
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Tom Trady Tom Trady 5 years ago
GOLD NO - TURTLES YES- COMPANY GOING BROKE-- SUB PENNY SOOOON....PACXF WILL MAKE HEAVY BAGHOLDERS OF EVERYONE WHO OWNES SHARES....FACT --> COMPANY HAS NO REVENUE AND IS BURNING THRU CASH QUICKLY....doesnt take capital letters to see....this is a very very bad business plan and soon....everyone will be in a race to save their money....insiders dumping....average joe's dumping...the falling knife will start its decent...its going to be a race to the bottom.....better sell now.....its all going to fall apart soooon....maybe pacton will send all bagholders a free red lake mud turtle...your going to need a friend to cry to after pacton shuts down and closes up shop
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Edgenation Edgenation 5 years ago
When someone is writing in all CAPS and complaining constantly for a stock they are either shorting or trying to get in cheap. It doesnโ€™t work here FYI.
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Tom Trady Tom Trady 5 years ago
I DONT KNOW WHO TOM BRADY IS, ALL I CAN TELL YOU IS IF YOU WANTED TO INVEST IN TURTLES....THIS STOCK IS FOR YOU, BECAUSE THATS ALL THEIR GOING TO FIND....AS FAR AS GOLD GOES.....YOUR OUT OF LUCK....BY THE LOOKS OF IT "PACXF"" WILL BE BROKE AND OUT OF BUSINESS VERY SHORTLY,....BUT THEY MIGHT SEND YOU A MUD TURTLE FROM RED LAKE....THATS ALL THEIR GOING TO FIND.
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Edgenation Edgenation 5 years ago
This isnโ€™t a good stock to be trying to short Tom Brady. But keep your short position until drilling starts. Youโ€™ll be handing your money to me.
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Tom Trady Tom Trady 5 years ago
NEWS OUT CASH BURN RATE ALARMING--NOT LOOKING GOOD AT ALL
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Edgenation Edgenation 5 years ago
Well my Pacton went up 12.5% today on the Canadian side. Sure glad I didnโ€™t listen to Mr CAPS today lol (:
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Edgenation Edgenation 5 years ago
The best time to buy is when people start bashing the company while writing in ALL CAPS. Iโ€™ve been quietly loading as this has already made me much $$$ since May (: Most mining stocks are down lately which is normal for this time of the year. The smart investors are picking up these cheap shares while it lasts.
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Tom Trady Tom Trady 5 years ago
IT JUST GETS WORSE HERE EVERY DAY...THIS THING IS RED EVERY DAY NOW LOOK AT THE CHART ...ITS HEADED STRAIGHT DOWN...YOU CANT DENY THAT....TOM TRADY KNOWS A TURD STOCK WHEN HE SEES ONE....AND BOY O BOY AM I LOOKING AT ONE WITH PACXF....GET OUT NOW BEFORE YOU BECOME EVEN BIGGER BAG HOLDERS.....THERE IS NO GOLD IN RED LAKE....JUST A DRIED UP SWAMP AND A COUPLE OF MUD TURTLES....
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Edgenation Edgenation 5 years ago
Guess you have no idea about red lake. Advertising your other stocks wonโ€™t help them go up.
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Tom Trady Tom Trady 5 years ago
ACRL MUCH BETTER PLAY, IM OUT OF PACXF PRICE FALLING EVERY DAY....NO NEWS...JUST RED EVERY DAY.....ACRL WITH NEW CEO AND NEW BOARD HAS MUCH MORE UPSIDE. REALLY LET DOWN, BY THE PERFORMANCE OF PACTON IN THE 2 WEEKS I HAVE BEEN INVESTED HERE...I SOLD MY SHARES AND I AM OUT OF THIS SCAM FOR GOOD....MOVING ON TO ""ONOV"" AND ""ACRL"" BOTH HAVE MUCH BRIGHTER FUTURES...NO GOLD WILL BE FOUND BY PACXF AT RED LAKE....JUST A FEW MUD HOLES AND A COUPLE OF TURTLES....THATS IT....PACXF IS A SCAM AND IM OUT. !!@
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Tom Trady Tom Trady 5 years ago
IM IN-GOT A GOOD FEELING ABOUT THIS 1
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Edgenation Edgenation 5 years ago
Once the drilling results pour in the action with Pacton will be like Night & Day
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Tom Trady Tom Trady 5 years ago
WHATS GOING ON HERE--> SLOWLY HEADED UP I See , why are people not piling into this....Does pacton gold have anything to do with ATACAMA MINING IN CANADA ( ACRL) I SEE THEY HAVE A WHOLE NEW BOARD OF DIRECTORS...AND ALOT GOING ON WITH THEIR I HUB MESSAGE BOARD,,....BUT PACTON GOLD SEEMS SO FAR AHEAD, Im just surprised by lack of action here on this board....
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Edgenation Edgenation 5 years ago
Hurry up Americans! At $01411 currently , Pacton Gold is going up and when they start drilling with results weโ€™re going to explode with $$$$$
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Edgenation Edgenation 5 years ago
NEWS! 1st vein Located!

Pacton Identifies Vein Hosted Gold at Friendly Creek in Western Australia
V.PAC | 3 hours ago
(via TheNewswire)

image: https://tnw-c.thenewswire.com/data/tnw/clients/logos/LPRFqYnA.png



Vancouver, British Columbia - TheNewswire - July 12, 2019 - Pacton Gold Inc. (TSXV:PAC) (OTC:PACXF) (the "Company" or "Pacton") is pleased to announce that prospecting work at the Friendly Creek mining lease - one of Pacton's Egina area gold properties in Western Australia's Pilbara Craton, has identified primary quartz vein hosted visible gold mineralization. Numerous samples have been discovered and analysis suggests it is source gold from the underlying bedrock.

Highlights:

- Numerous samples of quartz hosted gold. Initial prospecting work has discovered gold at surface associated with quartz veining on granted Mining Lease M47/373, within Pacton's Friendly Creek tenement package.

- Source Gold at Surface. Gold specimens associated with quartz were liberated from veins within underlying bedrock, proximal to the source. The trend of gold mineralization at Friendly Creek is located along a parallel trend, defined by historic workings, which extend for greater than 4 km.

- Ongoing Exploration at Egina. Follow up work will include additional mapping and prospecting to identify underlying structures with potential to host shear-hosted gold mineralization. This will be followed by drill testing. Pacton also plans to conduct targeted, small scale surface sampling of marine terrace gravels on its Friendly Creek mining lease.

image: https://www.thenewswire.com/data/tnw/clients/img/2008cd25b2e62e2442b03702366cdc39_.png


Click Image To View Full Size

Figure 1. Numerous gold nuggets associated with quartz were discovered at surface at Friendly Creek indicating these were sourced from underlying bedrock.

image: https://www.thenewswire.com/data/tnw/clients/img/ee3d388198f24a639339e29a0ae79e49_.png


Click Image To View Full Size

Figure 2. Pacton Gold's Egina area properties showing the location of recent prospecting work at Friendly Creek and the location of Novo Resources recent bulk sampling of lag gravels.

Dale Ginn, Executive Chairman commented "The discovery of such visually impressive quartz vein hosted gold at surface represents a significant advancement at Pacton's Friendly Creek mining lease and speaks to the prolific potential of our Egina gold projects. A field reconnaissance program is now being planned and follow up exploration will include bulk sampling and drilling."

image: https://www.thenewswire.com/data/tnw/clients/img/1e1ef25ba56ab3c1376a81c8e42031b2_.png


Click Image To View Full Size

Figure 3. Pacton tenements in the Friendly Creek area showing the location of the discovery of gold nuggets associated with quartz from Mining Lease M47/373 and a gold trend with a strike length greater than 4 km.

About Pacton Gold

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario.

The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., a director of the Company and a Qualified Person pursuant to National Instrument 43-101.

On Behalf of the Board of Pacton Gold Inc.

R. Dale Ginn

Executive Chairman

For more information, please contact 1-(855)-584-0258 or info@pactongold.com.

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.


Read more at https://stockhouse.com/news/press-releases/2019/07/12/pacton-identifies-vein-hosted-gold-at-friendly-creek-in-western-australia#mLwMyEKFWF4RWHh4.99
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Edgenation Edgenation 5 years ago
NEWS!!!!


Vancouver, British Columbia, July 3, 2019 - Pacton Gold Inc. (TSXV: PAC, OTC: PACXF, FSE: 2NKN) (the "Company" or "Pacton") is pleased to announce that, further to its news release of June 7, 2019, it has closed the final tranche of its financing. In total, the Company sold 35,400,000 common shares at a price of $0.10 per share and 166,667 common shares at a price of $0.12 per share for total gross proceeds of $3,560,000 and 16,590,847 flow-through common shares (the "FT Shares") at a price of $0.12 per FT Share for total gross proceeds of $1,990,901.

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). The proceeds from the issuance of NFT Shares will be used for general working capital.

Dale Ginn, Executive Chairman of Pacton, commented, "We are pleased to have completed this final tranche of the financing. Pacton has a very strong portfolio of gold projects in Canada and Western Australia and has a comprehensive exploration program underway. We are particularly excited about the prospects for our Red Lake gold project and Pilbara gold projects and we look forward to sharing results as they come in."

For its efforts in finding certain placees, the Company paid a total of $111,048 in finders' fees and issued share purchase warrants to the finders authorizing the purchase of 205,500 common shares at a price of $0.15 per common share for a period of two years from the date of issue and share purchase warrants authorizing the purchase of 472,500 common shares at a price of $0.20 per common share for a period of one year from the date of issue.

All securities issued under the placements are subject to a four month hold period from the date of issue in accordance with applicable securities laws.

Certain directors and officers of the Company are participating in the private placement. Participation of insiders of the Company in the private placement constitutes a related-party transaction as defined under Multilateral Instrument 61-101. Because the Company's shares trade only on the TSXV, the issuance of securities is exempt from the formal valuation requirements of Section 5.4 of MI 61-101 pursuant to Subsection 5.5(b) of MI 61-101 and exempt from the minority approval requirements of Section 5.6 of MI 61-101 pursuant to Subsection 5.7(b) of MI 61-101.

2.On Behalf of the Board of Pacton Gold Inc.

3.R. Dale Ginn

4.Executive Chairman

For more information, please contact 1-(855)-584-0258 or info@pactongold.com.

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.

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.

Copyright (c) 2019 TheNewswire - All rights reserved.

TheNewsWire
July 3, 2019 - 12:50 PM PDT

Read more at https://stockhouse.com/news/press-releases/2019/07/03/pacton-gold-closes-additional-2-8-million-of-oversubscribed-private-placement#OlJ69IBCITiO2lQp.99
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Edgenation Edgenation 5 years ago
Weโ€™re climbing! And will continue to right pass a dollar
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