Portofino Resources Inc. announces that it has executed a Binding Letter of Intent to buyout the original Option agreements . The Binding LOI ensures all rights and concession ownership for the 2,932 hectare Yergo Lithium Project are transferred directly to Portofino. This enables Portofino to advance its previously submitted drill permit application and proceed thereafter with an initial, planned 4-hole drill program [...]
VANCOUVER, BC, Aug. 14, 2023 /CNW/ - The following issues have been halted by CIRO Company: Portofino Resources Inc. TSX-Venture Symbol: POR All Issues: Yes Reason: Pending News Halt Time : 9:13 AM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory [...]
Portofino Resources Inc. is pleased to announce that Mr. Alex Molyneux and Mr. Blake Steele have agreed to accept appointments to its newly created Advisory Board. Mr. Alexander Molyneux is a metals and mining industry executive with 25 years industry experience and a proven track record with critical mineral and energy metal project development. He was Chairman of ASX-listed Argosy Minerals Ltd. , during which time the [...]
Portofino Resources Inc. announces that it has closed its non-brokered private placement financing in the amount of $538,000 priced at $0.04 per Unit. The Company is issuing 13,450,000 Units with each Unit consisting of one common share and one share purchase warrant. Each Warrant has a term of 36 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.06. Finders' fees [...]
Portofino Resources Inc. announces that it has increased its non-brokered private placement financing from $508,000 to $538,000 priced at $0.04 per Unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant has a term of 36 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.06. The majority of the proceeds from the financing shall [...]
Portofino Resources Inc. wishes to announce that it has arranged a "fully subscribed" non-brokered private placement financing for $508,000 priced at $0.04 per Unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant has a term of 36 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.06. Management is subscribing for a minimum of [...]
Portofino Resources Inc. wishes to report that further to its June 14th news release, approximately 97% of the 28.5 million shares voted at the Annual General Meeting , were in favor of each of the management resolutions and director elections. CEO and Director, David Tafel, commented: "We have had to overcome a variety of hurdles, but I believe we are on a path with many positive opportunities and outcomes for our [...]
Portofino Resources Inc. wishes to report that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting held Wednesday June 14, 2023, including: The number of Directors for the Company was set at four. The four members elected to the Board of Directors include: David Tafel, Stephen Wilkinson, Brian Crawford, and Kenneth Cawkell. Manning Elliott LLP [...]
Portofino Resources Inc. announces that, in accordance with the Company's Share Option Plan it has granted options to purchase an aggregate of 3,817,000 common shares of the Company to certain directors, officers, employees, and consultants of the Company. Each Option is exercisable into one Common Share at an exercise price of $0.065. The Options are subject to certain vesting conditions and expire five years from the [...]
Portofino Resources Inc. announces that it has closed its non-brokered private placement financing for $735,500 priced at $0.05 per Unit. The Company is issuing 14,710,000 Units with each Unit consisting of one common share and one share purchase warrant. Each Warrant has a term of 36 months commencing on the Closing Date and entitles the holder to purchase one common share at a price of $0.075. Finders' fees related to [...]
Portofino Resources Inc. announces that due to strong interest, it has increased its non-brokered private placement financing from $500,000 to $735,000 priced at $0.05 per Unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 36 months commencing on the Closing Date and shall entitle the holder to purchase one common share at a price of $0.075. The placement has [...]
Portofino Resources Inc. announces that due to strong interest, it has increased its non-brokered private placement financing from $500,000 to $700,000 priced at $0.05 per Unit. Each Unit will consist of one common share and one share purchase warrant. Each Warrant shall have a term of 36 months commencing on the Closing Date and shall entitle the holder to purchase one common share at a price of $0.075. The placement has [...]
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