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VANCOUVER, Dec. 14, 2018 /CNW/ - Pacton Gold Inc.
(TSXV: PAC, OTC: PACXF, FSE: 2NKN) (the "Company"
or "Pacton") is pleased to announce the closing of a
flow-through private placement of 5,881,470 flow-through common
shares (the "FT Shares") for total gross proceeds of
$2,058,515. The lead order is
for $1,998,500 from Sprott Asset
Management L.P. as sub-advisor for NINEPOINT 2018-II FT LP, who
subscribed for 5,710,000 FT Shares.
The gross proceeds from the issuance of the FT 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.
On Behalf of the Board of Pacton Gold Inc.
R. Dale Ginn
Executive Chairman
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.
SOURCE Pacton Gold Inc.