Pacton Gold Inc. (TSX-V: PAC) (OTC: PACXF) (FSE: 2NKN) is pleased to announce the closing of a flow-through private placement of 5,881,470 flow-through common shares for total gross proceeds of $2,058,515.  The lead order is for $1,998,500 from Sprott Asset Management L.P. as sub-advisor for NINEPOINT 2018-II FT LP, who subscribed for 5,710,000 FT Shares.

The gross proceeds from the issuance of the FT Shares will be used for Canadian Exploration Expenses and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada).

All securities issued under the placement will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The placement is subject to final acceptance of the TSX Venture Exchange.