Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) is pleased to announce the appointment of Sprott Capital Partners as advisors to assist the Company with its awareness and marketing arrangements, including providing strategic capital advice to the Company.
Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) announces that it has agreed, subject to the acceptance of the TSX Venture Exchange, to settle $550,000 worth of debt to arm’s length parties by the issuance of 1,833,333 common shares of the Company at a deemed price of $0.30 per share. All shares issued pursuant to the debt settlement will be subject to the standard four month and one day regulatory hold periods.
Back in November Pacton Gold (V.PAC) announced the appointment of Australian mining executive Alec Pismiris as its interim President. At the time Dominic Verdejo, Chairman of Pacton’s Board said, “I would like to welcome Mr. Pismiris as Pacton’s new interim Chief Executive Officer. Mr. Pismiris’ extensive experience in the mining sector and capital markets, including new key accretive project acquisitions, makes him the ideal candidate to lead Pacton forward into 2018.”
Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) is pleased to announce that it has entered into a letter of intent (“LOI”) whereby the Company can acquire 100% of the issued and outstanding shares of CTTR Gold Pty Ltd (“CTTR”), an Australian proprietary limited exploration company. CTTR is a newly formed company, incorporated at the end of October 2017 that holds applications to nine tenenment licenses for a strategic mineral property group (the “Property”) in the Pilbara Region of Western Australia. The 492 km2 Property is an advanced gold project portfolio which consists of conglomerate gold targets within the Witwatersrand Basin age-equivalent Mallina Basin.