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Company News

BUZZ-Australia's Clancy Exploration soars on Pacton Gold deal

** Shares of gold explorer Clancy Exploration Ltd rise as much as 50 pct to A$0.003, their biggest intraday pct gain since April 19

** The company enters agreement with Canada-based Pacton Gold Inc where Pacton will acquire a 70 pct interest in the Hong Kong Project

** Clancy’s stock hits highest since Sept. 25

** About 3 mln shares change hands, compared with the 30-day average of around 1.2 mln shares

** Stock down 50 pct this year as of last close

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