Pacton Gold receives Regulatory Approval to Purchase 100% of Arrow (Pilbara) Pty. Ltd.
20 Septembre 2018 - 10:01PM
Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the
“
Company” or “
Pacton”) is pleased
to announce that the TSX Venture Exchange has accepted for filing a
share purchase agreement dated August 20, 2018, between Pacton and
Arrow Minerals Ltd. (“
Arrow”), whereby Pacton will
acquire the remaining 49% interest in Arrow (Pilbara) Pty
Ltd. Consideration is $1 million cash and two million common
shares.
Pacton’s news releases dated April 5 and August 22, 2018,
describe the terms of the acquisition and provide a descriptive
overview of the Arrow property assets. The August 22, 2018,
news releases summarizes the highlights of the approved 100%
acquisition of Arrow (Pilbara) Pty Ltd., including:
- Securing 100% ownership of strategic land holdings totaling 609
km2;
- Located in central Pilbara Mallina Basin, containing large
exposures of the Mount Roe Basalt formation;
- Recent discovery of gold nuggets on property;
- Seven conglomerate gold targets have been identified for
exploration;
- Gold anomalies identified along structures which host gold
mineralization on adjacent properties;
- Directly adjacent and proximal to key exploration properties
controlled by Novo Resources Corp. (Egina project), De Grey Mining
Ltd., and Kairos Minerals Ltd. (Croydon project).
About Pacton Gold
Pacton Gold (TSXV: PAC, OTC: PACXF) 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.
Dominic VerdejoChairman
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.
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