18:09:34 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Pacton Gold Inc (2)
Symbol PAC
Shares Issued 54,482,310
Close 2022-10-18 C$ 0.21
Market Cap C$ 11,441,285
Recent Sedar Documents

Pacton Gold clarifies shares for Adeline deal

2022-10-19 17:13 ET - News Release

Mr. Nav Dhaliwal reports

PACTON CLARIFIES NUMBER OF SHARES TO BE ISSUED TO CHESTERFIELD

Further to Pacton Gold Inc.'s news release of earlier today relating to the entry into a purchase agreement with Chesterfield Resources PLC and its wholly owned subsidiary to acquire a 100-per-cent interest in the Adeline high-grade copper project, the company wishes to clarify that the number of common shares of the company to be issued to Chesterfield pursuant to the purchase agreement is expected to be approximately 12.7 million shares (not the 54,482,310 share figure reported in the earlier news release), such that Chesterfield will hold approximately 19.99 per cent of the total issued and outstanding shares on completion of the transaction. As at today's date, the company has 54,482,310 shares issue and outstanding. Chesterfield's ability to sell the consideration shares will be restricted according to certain terms detailed in the purchase agreement.

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