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 [...]
Pasofino Gold Ltd. is pleased to announce the completion of its diamond core drilling program testing the Bukon Jedeh 'gold camp' within the Company's Dugbe Gold Project, Liberia. 11 holes were drilled for 1,328 m, on the 4 km long 'gold camp'. Bukon Jedeh is a priority target for gold exploration and is located only 10 km southeast of the Company's Dugbe Gold Project which has a 3.3 Moz Measured and Indicated Mineral [...]
Pasofino Gold Ltd. is pleased to announce the appointment of Warren Greenslade as interim CEO of the Company. Warren replaces Dr Daniel Limpitlaw, who is stepping down from his current role, but will remain in a consultancy role, focussed on technical support to the Dugbe Project. Warren Greenslade is currently serving as Country Manager/Liberia for Pasofino Gold and has 15 years of project and operational management [...]
Pasofino Gold Ltd. is pleased to announce the arrival of a drilling rig and crews at the Bukon Jedeh 'gold camp' at the Company's Dugbe Gold Project, Liberia. Drilling at the site is expected to commence in the coming days. As announced on February 26, 2024, Bukon Jedeh is a priority target for gold exploration only 10 km southeast of the Company's Dugbe Gold Project and is located on a 4.1km trend of highly productive [...]
Pasofino Gold Ltd. is pleased to announce that it has appointed Mr. Emre Kayışoğlu as the nominee of Esan Eczacibasi Endustriyel Hammaddeler Sanayi ve Ticaret Anonim Şirketi to the Board of Directors of the Company. Mr. Kayışoğlu replaces Savaş Şahin, the previous nominee director of ESAN. Emre Kayışoğlu currently serves as the CEO of ESAN [...]
Pasofino Gold Ltd. is pleased to announce that it has engaged Accretive Capital LLC d/b/a Benzinga to provide marketing services. In connection with this engagement, the Company and Benzinga have entered into an insertion order that incorporates a marketing services agreement , pursuant to which Benzinga will provide certain media coverage services in accordance with Policy 3.4 - Investor Relations, Promotional and [...]
Pasofino Gold Ltd. is pleased to announce the start exploration Bukon Jedeh, a target area at the Company's Dugbe gold project, with the commencement of fieldwork and the mobilisation of the drilling rig, with drilling expected to commence in March 2024. Highlights Bukon Jedeh is 10 km southeast of the Company's Dugbe Gold Project . It is [located on a] a 4.1km trend of highly productive artisanal gold mining. Presently there are over [...]
Pasofino Gold Ltd. is pleased to announce that it has closed its non-brokered private placement of 6,291,000 units at C$0.50 per Unit for gross proceeds of approximately C$3.1 million . 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 purchase one common share of the Company at a price of C$0.65 for a period of 18 months [...]
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