VANCOUVER, Dec. 9, 2019 /CNW/ - Pacton Gold Inc. (TSXV:
PAC, OTC: PACXF) (the "Company" or "Pacton")
announces that further to its news release of December 4, 2019, it has revised the terms of its
non flow through private placement by adding a share purchase
warrant. The Company will now issue up to 20,833,333 units at
$0.12 per unit for total gross
proceeds of up to $2,500,000.
Each unit will consist of one common share and one transferrable
share purchase warrant, each warrant exercisable for a period of
two years from the date of issue at a price of $0.18 per share.
All other terms previously announced remain unchanged.
The private placement is subject to the approval of the TSX
Venture Exchange.
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.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
Executive Chairman
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.
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SOURCE Pacton Gold Inc.