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
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
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Vancouver, British Columbia, October 23, 2019 โ Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the โCompanyโ or โPactonโ) 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 Companyโs 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
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
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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
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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
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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
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