Portofino Resources Inc. announces that Rich River Exploration Ltd. , and the Company have agreed to terminate the Iron Horse-Bolivar mineral property option agreement. The Company was granted an option to acquire a 100% interest in the property in February 2012 which was originally comprised of seven mineral claims located in the Peachland region of British Columbia. The Company has focused its activities on its lithium [...]
Portofino Resources Inc. is pleased to announce the completion of an initial field exploration and sampling program at its recently acquired Yergo lithium brine project, located at the Aparejos Salar in the Province of Catamarca, Argentina. The exploration program consisted of surface and near-surface brine sampling and geological mapping. A total of 25 locations across the property have been sampled. Hand augers were [...]
Portofino Resources Inc. is pleased to announce the commencement of a comprehensive field exploration program at its recently acquired Yergo lithium brine Project, located at the Aparejos salar in the Province of Catamarca, Argentina . The 2,932 Hectares Yergo Project encompasses the entire Aparejos salar and is located approximately 20 kilometres south-east of Neo Lithium Corp.'s 3Q project, which hosts one of the [...]
Portofino Resources Inc. is pleased to announce that further to its news release dated February 26, 2019, the Company has now finalized detailed plans with its geological and geophysical teams in Argentina pursuant to implementing a geophysical survey on its Hombre Muerto West lithium brine project. Additional specifics and timing are noted below: The geophysical crew will complete up to 32 vertical electric soundings [...]
Portofino Resources Inc. announces that it has executed an amended agreement with a private Argentine concession owner to acquire a 100% interest in the Yergo lithium brine salar project in Catamarca, Argentina. The 2,932 Hectares project encompasses the full salar and is located approximately 20 km south-east of Neo Lithium Corp.'s 3Q project. Project location can be viewed at: Portofino Resources - Catamarca Lithium [...]
Portofino Resources Inc. is pleased to announce the selection of a geophysical team that has been engaged to complete surveys at the Company's Hombre Muerto West Project , located on the western side of the Salar del Hombre Muerto in the Catamarca Province of Argentina. The geophysical survey work is intended to follow up on encouraging Lithium results achieved during last year's near-surface brine sampling program . The [...]
Portofino Resources Inc. announces that it has closed its previously announced non-brokered private placement for $605,594 priced at $.055/Unit and issued 11,010,809 Units. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $0.08. All shares issued will be subject to a four-month hold period expiring May 24, 2019. Finders fees of $43,971 and 799,490 broker warrants have been [...]
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 Friday January 18, 2019, 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. announces that due to strong interest in its previously announced financing it has increased its non-brokered private placement from $500,000 to up to $600,000 priced at $.055/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $0.08. Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month [...]
Portofino Resources Inc. announces it has arranged a non-brokered private placement for up to $500,000 for 9,090,909 Units priced at $.055/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $0.08. The Company contemplates that various exemptions will be utilized pursuant to this financing. It may rely upon the suitability advice exemption as well as the existing [...]
Portofino Resources Inc. has received TSX Venture Exchange approval to consolidate the Company's issued and outstanding share capital and the common shares will commence trading on a post-consolidation basis on January 4, 2019. The Company's name and trading symbol will remain the same. The consolidation will be based on 1 post-consolidation common share for every 4 pre-consolidation common shares. The Company currently [...]
Portofino Resources Inc. announces that it intends to apply to the TSX Venture Exchange for approval of a consolidation of the Company's issued and outstanding share capital. The proposed consolidation will be on a basis of up to 1 post-consolidation common share for every 4 pre-consolidation common shares. The Company currently has 51,963,500 shares outstanding and subject to the approval and completion would result in [...]
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