Pacton Gold to acquire mining licenses for two Pilbara projects
Published by Claire Cuddihy,
Assistant Editor
Global Mining Review,
Pacton Gold Inc. (Pacton) has entered into a sale agreement to acquire 100% of both the Yandicoogina and Boodalyerrie exploration licenses and mining leases from Gardner Mining Pty Ltd (Gardner Mining). These two granted mining leases and three granted exploration licenses comprise a total of 146.80 km2.
Under the terms of the agreement, the company will purchase a 100% ownership interest in the projects by issuing 3 000 000 common shares on the closing of the transaction.
Transfer of the projects was subject to FIRB approval, which the company has now received.
This transaction is subject to the acceptance of the TSX Venture Exchange, which the company will be seeking forthwith.
Read the article online at: https://www.globalminingreview.com/finance-business/05102018/pacton-gold-to-acquire-mining-licenses-for-two-pilbara-projects/
You might also like
Squeezed on pricing, iron ore producers turn to batch-level tracking
Juliana Bruwer, SAP, discusses how batch-level tracking and advanced digital tools are becoming essential for iron ore producers to meet regulations, cut emissions, and stay competitive.
