NA Proactive news snapshot: Pacton Gold, Todos Medical, Chesapeake Financial, PlantX Life UPDATE …
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Pacton Gold Inc (CVE:PAC) (OTCPINK:PACXF) has sold the remaining 25% interest it holds in three properties in the Western Pilbara. The company has struck an asset sale agreement with Pilbara Gold Corporation Pty Ltd (PGC) and Raiden Resources (in which Pacton holds shares), whereby PGC will buy 25% of the Arrow, Yandicoogina and Boodalyerrie gold properties.
Todos Medical Ltd (OTCQB:TOMDF) has acquired Provista Diagnostics Inc, a US-based medical diagnostics that owns the intellectual property rights to proprietary breast cancer blood test Videssa and has a diagnostic lab currently performing coronavirus (COVID-19) PCR testing. Under the terms of the agreement, Todos said it has acquired Provista from its private equity owner for $7.5 million, consisting of an initial cash payment of $1.25 million, the issuance of $1.5 million in Todos shares priced at $0.0512 each, the issuance of a $3.5 million convertible promissory note, and payment on for before July 1, 2021, of $1.25 million. The company said Videssa was developed to provide physicians with actionable information regarding breast cancer risk in women following an inconclusive mammogram result (BI-RADS III or IV), which primarily occurs in women with dense breasts.