Pacton Revises Financing Terms

VANCOUVER, Dec. 9, 2019 /CNW/ - Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the "Company" or "Pacton") announces that further to its news release of December 4, 2019, it has revised the terms of its non flow through private placement by adding a share purchase warrant.  The Company will now issue up to 20,833,333 units at $0.12 per unit for total gross proceeds of up to $2,500,000.  Each unit will consist of one common share and one transferrable share purchase warrant, each warrant exercisable for a period of two years from the date of issue at a price of $0.18 per share.

All other terms previously announced remain unchanged.

The private placement is subject to the approval of the TSX Venture Exchange.

About Pacton Gold

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high grade conglomerate and orogenic gold properties located in the district-scale Pilbara gold rush in Western Australia and the Red Lake District, Ontario.

On Behalf of the Board of Pacton Gold Inc.

R. Dale Ginn
Executive Chairman

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.

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SOURCE Pacton Gold Inc.

View original content: http://www.newswire.ca/en/releases/archive/December2019/09/c2861.html