PACXF - Pacton Gold sells remaining 25% interest in certain Pilbara properties

Pacton Gold ([[PACXF]] -0.2%) entered into an agreement to vend the remaining 25% interest it holds in three of its properties within its Western Australian Pilbara portfolio for A$200K.Also, Pacton will be issued fully paid ordinary shares in the capital of Raiden valued at A$1M.The asset sale agreement is with Pilbara Gold and Raiden Resources wherein the former agreed to purchase 25% of the Arrow, Yandicoogina and Boodalyerrie gold properties.Raiden Resources recently acquired all the issued shares of PGC and thus will assume the consideration under the agreement on behalf of PGC as the parent entity.Pacton Gold closed the sale of a 75% interest in the properties to the same properties in February 2021.

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Pacton Gold sells remaining 25% interest in certain Pilbara properties