Pasofino Gold Ltd. alerts shareholders to the acquisition by Nioko Resources Corporation of control of Hummingbird Resources PLC pursuant to the exercise of a subscription option that was completed on January 7, 2025. Further particulars of the Acquisition can be found at https://www.londonstockexchange.com/news-article/market-news/form-8-dd-hummingbird/16841491. As a result of the Acquisition and a cash offer by the [...]
Pasofino Gold Ltd. is pleased to announce that it will be attending the Prospector and Developers Association of Canada in Toronto, Ontario, Canada from March 2nd - 5th, 2025. Chief Executive Officer, Brett A. Richards, stated: "I am very pleased that I will be attending the PDAC Convention next week, and look forward to 4 days or meetings, networking and presentations. Please reach out to me directly if anyone would like [...]
Pasofino Gold Ltd. is pleased to announce that it was awarded first place as the Top African Gold Project at the 2025 Mining Indaba Dealmakers Den, in Cape Town, South Africa. Chief Executive Officer, Brett A. Richards, who presented at the 2025 Mining Indaba stated: "I am very pleased that Pasofino Gold has been honoured with the award, and I think it is a testament to the many caveats which make this a truly special [...]
Pasofino Gold Ltd. is pleased to announce that it has appointed Brett A. Richards, as Chief Executive Officer with immediate effect. With over 37 years of extensive experience in the mining and metals industry, Mr. Richards brings invaluable knowledge as Pasofino advances its strategic initiatives. As an accomplished mining executive, Mr. Richards has a proven track record in operational management, project development [...]
Pasofino Gold Ltd. is pleased to provide a corporate update regarding a potential transaction, as previously announced in its press releases dated August 26, 2024, and September 16, 2024. As outlined in the September 16, 2024 press release, the Company granted exclusivity to a counterparty to complete due diligence and submit a formal proposal to the Company. Any formal offer presented is based on the non-binding offer [...]
Pasofino Gold Ltd. is pleased to announce that it has adopted a shareholder rights plan effective as of November 1, 2024 . The Rights Plan has been adopted with a view to preserve the integrity of our previously announced strategic alternatives review process and to ensure, to the extent possible, that all shareholders of the Company are treated fairly in connection with any takeover bid for the Company. Pursuant to the [...]
Pasofino Gold Ltd. is pleased to announce that it has completed the initial portion of its non-brokered private placement of units at C$0.70 per Unit for gross proceeds of approximately C$3.3 million . A second and final closing is anticipated on or about October 31, 2024. Each Unit consisted of one common share of the Company and one half of one common share purchase warrant . Each Warrant entitles the holder thereof to [...]
Pasofino Gold Ltd. is pleased to provide an update regarding its previously disclosed non-brokered private placement of up to 4,806,767 units of the Company at C$0.70 per Unit, for gross proceeds of up to approximately US$2.4 million . As of October 21, 2024, the Company has secured subscription agreements for 100% of the 4,806,767 Units available for issuance, for aggregate gross proceeds of US$2,438,217 . The Offering [...]
Pasofino Gold Ltd. is pleased to announce a non-brokered private placement of up to 4,806,767 units of the Company at C$0.70 per Unit for gross proceeds of up to C$3,364,737 . Each Unit will consist of one common share of the Company and one half of one common share purchase warrant . Each Warrant will entitle the holder thereof to purchase one common share of the Company at a price of C$0.90 for a period of 18 months [...]
Pasofino Gold Ltd. is pleased to announce results of analysis from its maiden diamond core drilling at the Bukon Jedeh 'gold camp' and provides an update on other key exploration targets within the Company's Dugbe Gold Project, Liberia, which has a 3.3 Moz Measured and Indicated Mineral Resource Estimate[1]. Highlights 8 of the 11 holes that reached target depth have gold mineralised intervals including: BKDD001: 21.3m with [...]
Pasofino Gold Ltd. is pleased to provide an update on the strategic review process announced in its August 26, 2024 press release . Pasofino announces today that it has executed an exclusivity agreement dated September 12, 2024 with an arm's length potential purchaser who has proposed to acquire Pasofino for cash consideration of US$75 million , representing a purchase price of US$0.66 per Pasofino Common Shares[1] . As [...]
Pasofino Gold Ltd. is pleased to provide an update on the strategic review process first announced in its February 13, 2023 press release . As noted in the Strategic Review Press Release, Pasofino's intention is to disclose developments with respect to the strategic review when the board of directors has approved a specific transaction or course of action or otherwise determines that disclosure is necessary or [...]
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