Oct 11 (Reuters) - Pacton Gold Inc PAC.V :
* PACTON GOLD EXPANDS GROUND POSITION IN EGINA AREA THROUGH ACQUISITION OF HONG KONG PROJECT
* CO ENTERED INTO A BINDING LETTER OF INTENT TO ACQUIRE 70% EQUITY INTEREST IN HONG KONG PROJECT FROM CLANCY EXPLORATION LTD
* UPON COMPLETION OF ACQUISITION, PACTON AND CLANCY WILL ENTER INTO A JOINT VENTURE, WITH PACTON ACTING AS OPERATOR OF HONG KONG PROJECT
* CO CAN PURCHASE 70% EQUITY INTEREST IN HONG KONG PROJECT BY PAYING CLANCY C$175,000 AND ISSUING TO CLANCY 3,797,470 COMMON SHARES OF CO