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Pacton Appoints Allan Folk and Alec Pismiris to the Board

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VANCOUVER, British Columbia, Aug. 28, 2018 (GLOBE NEWSWIRE) -- Pacton Gold Inc. (TSXV:PAC) (the "Company" or "Pacton") is pleased to announce the appointment of Allan J. Folk and Alec Pismiris as directors of the Company.  

Mr. Folk brings over 35 years of extensive leadership experience in the Canadian mining finance industry to the Company. During his career, he has financed and advised both junior and advanced Canadian companies at the senior board or executive level. Mr. Folk is a graduate of the University of Wisconsin, and currently is Vice President of Brant Securities Ltd.  He is also a director of Monarca Minerals Inc., a director of Bonterra Resources Inc., and is the Chairman of Atlanta Gold Inc.

Mr. Pismiris is currently the Company's Interim President and Chief Executive Officer.  He has over 30 years of experience in the securities, finance and mining industries and is currently a director of several ASX listed companies. Since 1990, Mr. Pismiris has served as a director and in senior management positions for numerous ASX listed companies and notably, was a founding shareholder and director of Papillon Resources Limited, which in 2014 was acquired by B2 Gold for $615 million. Mr. Pismiris was also a founding shareholder and director of Cardinal Resources Limited, which discovered the Namdini Gold Project in Ghana and recently announced a Mineral Resource estimate of 7.4 Million ounces of gold. Mr. Pismiris completed a Bachelor of Commerce degree at the University of Western Australia, is a member of the Australian Institute of Company Directors and a fellow of The Governance Institute of Australia. He has participated numerous times in the processes by which boards have assessed the acquisition and financing of a diverse range of assets and has participated in and become familiar with the range of evaluation criteria used and the due diligence processes commonly adopted in the commercial assessment of corporate opportunities.

Dominic Verdejo, Chairman of the Board stated, "On behalf of the Board of Directors, I would like to welcome Mr. Folk and Mr. Pismiris to our Board. They both have extensive experience in the mining sector and capital markets and are ideal candidates for moving Pacton forward."

About Pacton Gold

Pacton Gold (PAC: TSXV; PACXF: US) is a well-financed Canadian junior with key strategic partners focused on the exploration and development of conglomerate-hosted gold properties located in the district-scale Pilbara gold rush in Western Australia.  The Company recently raised approximately $5.5 million, currently controls the third largest conglomerate-hosted gold property portfolio totaling in excess of 2,500 km2 and continues to aggressively review additional accretive acquisitions.

On Behalf of the Board of Pacton Gold Inc.

Dominic Verdejo
Chairman of the Board

For more information, please contact 1-(855)-584-0258 or info@pactongold.com.

Neither TSX Venture Exchange, the Toronto Stock Exchange nor their Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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