Pacton Terminates Agreement to Acquire 100% of the Bellary Dome Project
VANCOUVER, Aug. 10, 2018 /CNW/ - Pacton Gold Inc. (TSXV: PAC) (the "Company" or "Pacton") advises that further to the binding letter of intent ("LOI") with Marindi Metals Inc. (MZN:ASX) signed earlier this year (see news release dated June 20, 2018), the Company has completed its legal and technical due diligence investigations into the Bellary Dome ("Bellary Dome") exploration license 47/2555.
Following discussions with Marindi regarding the outcome of its due diligence investigations, the Company has elected to terminate its agreement with Marindi.
About Pacton Gold
Pacton Gold (PAC: TSXV; PACXF: US) is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia. The Company recently raised approximately $5.5 million, currently controls the third largest conglomerate-hosted gold property portfolio totaling in excess of 2,500 km2 and continues to aggressively review additional accretive acquisitions.
On Behalf of the Board of Pacton Gold Inc.
Alec Pismiris
Interim President & CEO
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/August2018/10/c1700.html