Portofino Resources is pleased to announce it has closed a previously announced fully subscribed non-brokered private placement for $715,000 and issued 8,937,500 Units priced at $.08/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $0.12 in the first year and $0.15 in the second year. All shares issued are subject to a four-month hold period expiring in March 2018 [...]
Portofino Resources is pleased to announce it has arranged a fully subscribed non-brokered private placement for $715,000 for 8,937,500 Units priced at $.08/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $0.12 in the first year and $0.15 in the second year. The Company has received TSX Venture Exchange conditional approval and all shares issued will be subject to a [...]
Portofino Resources announces that at the request of the Investment Industry Regulatory Organization of Canada, the Company confirms that its management is unaware of any material change in the operations of the company which would account for the recent increase in market activity. On October 17, 2017, the Company announced that it is finalizing details to an amended agreement pursuant to acquiring an 85% interest in a [...]
Further to its news release disseminated earlier today, the Company would like to clarify that Portofino has obtained a listing on the Frankfurt stock exchange and the Company has commenced trading under the symbol . About Portofino Resources Inc. Portofino is a Vancouver, Canada based Company focused on acquiring, exploring and developing mineral resource projects in the Americas. On Behalf of the Board, "David G. Tafel [...]
Portofino Resources announces that it intends to amend a Letter Agreement announced on March 29, 2017 to acquire an 85% interest in two lithium brine salar projects in Catamarca, Argentina. Further to discussions with the concession owner and its due diligence, the Company is finalizing details to an amended agreement and intends to advance to a definitive agreement with one of the two projects originally announced. The [...]
Portofino Resources reports that it has executed an amendment to its Iron Horse, B.C. Property Option Agreement, originally executed in February 2012. Rich River Exploration has agreed to extend certain cash and exploration expenditures and the Company has agreed to issue an additional 100,000 common shares. Portofino may earn a 100% interest in the Iron Horse-Bolivar Mineral Property ("the Property") subject to a 3% NSR [...]
Portofino Resources is pleased to announce that it has executed an option agreement with a private Argentine concession owner to acquire a 100% interest in the Del Condor and Pucara lithium brine salar projects in Catamarca, Argentina. The claims encompass a combined 1,804 hectare claim block and are located within the world-class, Salar del Hombre Muerto, where FMC Lithium is currently producing lithium carbonate and [...]
Portofino Resources is pleased to announce that its geological team has completed an initial site visit to one of two lithium brine salar properties in Catamarca, Argentina subject to a letter agreement previously announced. The site visit objectives were to undertake a water and brine sampling program sufficient to confirm historical sampling methodology completed previously by consultants working on behalf of the local [...]
Portofino Resources is pleased to announce that it has closed a second and final tranche of its previously announced non-brokered private placement for proceeds of $123,000 priced at $.05/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $.08. The Company has issued 2,460,000 shares which will be subject to a hold period expiring in September 2017. Finders fees [...]
Portofino Resources is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement for gross proceeds of $461,000 priced at $.05/Unit. Each Unit consists of one common share and one 2-year common share purchase warrant exercisable at $.08. The Company has issued 9,220,000 shares which will be subject to a hold period expiring in August 2017. Finders fees consisting of [...]
Centurion Minerals, reports that Portofino Resources has executed a letter of intent agreement with a private Argentine concession owner to acquire up to an 85% interest in two lithium brine salar projects in Catamarca, Argentina. Each project is approximately 3,000 hectares in size. Catamarca, located within the "Lithium Triangle" produces more lithium than any other province in Argentina. Project 1 is located directly [...]
Portofino announces that in compliance with the Company's Stock Option plan, the Board of Directors has granted 1,500,000 options exercisable for up to 5 years at $0.10 to certain directors, officers, and consultants of the Company.