05:59:14 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Pacton Gold Inc
Symbol PAC
Shares Issued 101,436,126
Close 2018-12-14 C$ 0.32
Market Cap C$ 32,459,560
Recent Sedar Documents

Pacton Gold closes $2.05-million private placement

2018-12-14 16:49 ET - News Release

Mr. Dale Ginn reports

PACTON GOLD CLOSES $2.1 MILLION FLOW-THROUGH PRIVATE PLACEMENT LED BY SPROTT ASSET MANAGEMENT L.P.

Pacton Gold Inc. has closed a flow-through private placement of 5,881,470 flow-through common shares for total gross proceeds of $2,058,515. The lead order is for $1,998,500 from Sprott Asset Management LP as subadviser for Ninepoint 2018-II FT LP, which subscribed for 5.71 million flow-through shares.

The gross proceeds from the issuance of the flow-through 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).

All securities issued under the placement will be subject to a four-month hold period from the date of issue in accordance with applicable securities laws. The placement is subject to final acceptance of the TSX Venture Exchange.

© 2024 Canjex Publishing Ltd. All rights reserved.