M&A

Impact packs up in the Pilbara as Canadian company Pacton moves on in

ANDREW Forrest-backed Impact Minerals is making a swift exit from the Pilbara conglomerate gold play that energised the junior gold sector in Australia last year, with the junior divesting ground to Toronto-listed, Eric Sprott-backed firm Pacton Gold.

 Pacton is aiming to make a big impact in Pilbara.

Pacton is aiming to make a big impact in Pilbara.

Paction will acquire 1126 sq.km of ground held by Impact for C$350,000 cash and 2.12 million shares, with a resource milestone and royalty also potentially coming into play if subsequent exploration is...

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