Source: Pacton Closes $2m Flow-Through Financing
Discovered on: 2021-11-25 21:31:30
(PR-inside.com) VANCOUVER, BC / ACCESSWIRE / November 25, 2021 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") is pleased to announce that it has closed a private placement of 3,718,180 flow-through shares (each a "FT Share") at $0.55 per FT Share for total gross proceeds of $2,044,999.
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 private placement will be subject to a statutory hold period expiring on March 26, ..