VANCOUVER, June 20, 2018 /PRNewswire/ - Pacton Gold Inc. (TSXV: PAC, OTC: PACXF) (the "Company" or "Pacton") is pleased to announce that it has entered into a binding letter of intent ("LOI") to acquire 100% of the Bellary Dome ("Bellary Dome") exploration license 47/2555 from Marindi Metals Inc. (MZN:ASX) ("Marindi").
Under the terms of the LOI, which will be formalized by a definitive agreement among the parties, the Company must pay C$2,000,000 and issue 10,098,000 common shares on closing of the transaction. The Company must also pay C$1,000,000 or issue shares equal to that amount both on 12 months and 18 months after completion of the transaction.
MZN Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
