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Pacton Arranges $4M Financing

Mar 11, 2022•over 3 years ago

Amount Raised

$4 Million

Round Type

seed

Vancouver

Description

VANCOUVER, BC / March 11, 2022 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") is pleased to announce that it has arranged, subject to regulatory approval, a private placement of 7,142,857 flow-through shares (each a "FT Share") at $0.42 per FT Share for total gross proceeds of $3,000,000 and 3,333,333 non flow-through shares (each a "NFT Share") at $0.30 per NFT Share for total gross proceeds of $1,000,000.

Company Information

Company

Pacton Gold

Location

Vancouver, Washington, United States

About

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade gold properties located in the Red Lake gold rush in Ontario, Canada. The Company also owns a strategic portfolio of prospective projects in the district-scale Pilbara gold rush in Western Australia. On Behalf of the Board of Pacton Gold Inc. Nav DhaliwalInterim President and CEO 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.