Portofino Resources Inc.

Portofino Resources Inc. reports that it has been oversubscribed on its previously announced $500,000 non-brokered private placement and closed on $550,000 priced at $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of $0.05. Proceeds from this [...]

Portofino Resources Inc. reports that it is amending the pricing of its previously announced non-brokered private placement for up to $500,000 to $0.035/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of $0.05. Proceeds from this financing shall be [...]

Portofino Resources Inc. wishes to announce that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting held Tuesday March 31, 2020, including: The number of Directors for the Company was set at three. The three members elected to the Board of Directors include: David G. Tafel, Stephen J. Wilkinson and Kenneth A. Cawkell. Manning Elliott LLP [...]

Portofino Resources Inc. reports that given the extreme market volatility in world equity markets, the Company is doing everything it can to meet these very challenging conditions. Portofino is following government and health official guidelines and in keeping with physical distancing recommendations, taking precautions to minimize health risks to all stakeholders. Despite a difficult economic environment, the investing [...]

Portofino Resources Inc. reports that it is undertaking a non-brokered private placement for up to $500,000 priced at $0.05/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of $0.08. Proceeds from this financing shall be used by the Company for [...]

Portofino Resources Inc. is pleased to report it has executed a Binding Heads of Agreement with Galan Lithium Limited for the purchase and assignment of Portofino's right to earn a 100% interest in the Del Condor and Pucara lithium brine salar projects in Argentina. Pending the completion of due diligence and any regulatory approvals, Galan will pay Portofino CDN$100,000 in cash and issue 650,000 fully paid Galan common [...]

Portofino Resources Inc. is pleased to report that its exploration crew has mobilized to site and commenced exploration work on its South of Otter property located in the Red Lake mining district. The first phase of Portofino's 2020 exploration program consists of approximately 25-line kilometers of ground VLF/EM geophysics and soil geochemistry surveys. The program's objective is to delineate mineralized structures [...]

Portofino Resources Inc. reports that it has completed a review of all the available historical assessment work on its South of Otter property located in the Red Lake mining district and is planning to implement an initial exploration program commencing in February. The first phase of the program will consist of ground VLF/EM geophysics and soil geochemistry surveys. Utilizing the historical geological and airborne [...]

HIGHLIGHTS: Located in historic gold mining camp, near the town of Red Lake, Ontario; Close to recent Dixie Lake high-grade gold district discoveries; Infrastructure access including highway and power; Portofino Resources Inc. is pleased to announce it has signed a binding agreement for the right to acquire a 100% interest in a mining claim block located in the Red Lake mining district in northwest Ontario. The claim [...]

Portofino Resources Inc. is pleased to announce geophysical survey results completed on its Hombre Muerto West lithium brine project . Project Highlights Include: Conductivity anomalies, , extend from surface to a depth of 250 meters and for at least 2.5 kilometers across the Project Elevated near-surface lithium values Multiple drill targets identified The recently completed geophysical survey comprised Vertical Electric [...]