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Pacton Gold expands portfolio, announces two more acquisitions in WA

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As its latest move to strengthen its mining portfolio, junior gold exploration company Pacton Gold announced its acquisition of two new mining leases and licences.

Pacton Gold (OTC:PACXF , PAC:TSX-V, Frankfurt:2NKN.F) has announced that following its previous acquisitions, the company has recently gone into a sale agreement that lets the company acquire 100 percent of both the Yandicoogina and Boodalyerrie properties located in the region of Western Australia. According to the report, the acquisition of the property also comes with three fully granted exploration licences and two granted mining leases.

Together, these comprise a total of about 146.80 square kilometres in strategic land holdings.

Under the terms of the said agreement, Pacton will be purchasing 100 percent ownership of the mentioned properties by way of the issuance of 3,000,000 common shares, which will be done after the initial transaction is closed. Following this, the company has also already received approval from the FIRB concerning the transferring of the projects to its new licensed owner.

Moving forward, the company will be seeking the TSX Venture Exchange’s acceptance of this new transaction.

Young but not naïve

A well-financed Canadian junior firm headquartered in Vancouver, Pacton Gold Inc. is largely focused on the exploration, as........

© International Business Times