Brief: Pacton Gold Expands Ground Position In Egina Area Through Acquisition Of Hong Kong Project

Pacton Gold

11/10/2018 08:17

Oct 11 (Reuters) - Pacton Gold Inc  PAC.V :
    * PACTON GOLD EXPANDS GROUND POSITION IN EGINA AREA THROUGH
ACQUISITION OF HONG KONG PROJECT
    * CO ENTERED INTO A BINDING LETTER OF INTENT TO ACQUIRE 70%
EQUITY
INTEREST IN HONG KONG PROJECT FROM CLANCY EXPLORATION LTD
    * UPON COMPLETION OF ACQUISITION, PACTON AND CLANCY WILL
ENTER
INTO A JOINT VENTURE, WITH PACTON ACTING AS OPERATOR OF HONG
KONG PROJECT
    * CO CAN PURCHASE 70% EQUITY INTEREST IN HONG KONG PROJECT
BY
PAYING CLANCY C$175,000 AND ISSUING TO CLANCY 3,797,470 COMMON
SHARES OF CO

Source text for Eikon:  ID:nCNWhppjSa 
Further company coverage:  PAC.V 

 ((Reuters.Briefs@thomsonreuters.com;))