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Pacton Gold Inc
Symbol PAC
Shares Issued 101,436,126
Close 2018-11-16 C$ 0.27
Market Cap C$ 27,387,754
Recent Sedar+ Documents

Pacton Gold, Frontline Gold agreement

2018-11-16 18:14 ET - Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated Nov. 1, 2018, between Pacton Gold Inc. and Frontline Gold Corp. (the vendor), whereby the company may acquire a 100-per-cent interest in 12 mineral claims located in the Red Lake mining district, Ontario. Consideration is $110,000 cash and 250,000 common shares.

The vendor retains a net smelter return (NSR) that ranges from 0.25 per cent to 2.25 per cent. The company has the option to repurchase one-half of the NSR for $250,000 cash.

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