Pacton Gold Inc. announced a non-brokered private placement of 10 million common shares at a price of CAD 0.25 per share for total gross proceeds of CAD 2.5 million on November 25, 2022. Red Cloud Securities Inc. will be acting as a finder for the offering on behalf of the company. The company will pay finders' fees to Red Cloud and others pursuant to the policies of the TSX Venture Exchange.

The closing of the offering will be subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange. All securities issued under the placement will be subject to regulatory hold periods expiring four months and one day from the date of issue.