VANCOUVER, BC / ACCESSWIRE / May 26, 2021 / Pacton Gold Inc. (TSXV:PAC)(OTC PINK:PACXF)(FSE:2NKN) (the "Company" or "Pacton") is pleased to announce that field crews have mobilized to its Red Lake Gold
Pacton Gold: Pacton Vends Remaining 25% in Certain Pilbara Properties
Company or
Pacton ) is pleased to announce that it has entered into an agreement to vend the remaining 25% interest it holds in three of its properties within its Western Australian Pilbara portfolio. The Company has entered into an asset sale agreement (the
Agreement ) with Pilbara Gold Corporation Pty Ltd (
PGC ) and Raiden Resources Limited, whereby PGC agrees to purchase 25% of the Arrow, Yandicoogina and Boodalyerrie gold properties (the
Properties ) (Figure 1).
(ASX: RDN) (
Raiden ),
recently acquired all the issued shares of PGC. Raiden will assume the consideration under the Agreement on behalf of PGC as the parent entity.