Pasofino Gold Ltd. is pleased to announce that it has agreed with the independent and non-executive directors to issue 122,989 common shares to such directors in exchange for the cancellation of $61,494.81 of director fees owing, after deduction of applicable withholding taxes . The Debt Shares will be issued at a deemed price of $0.50, in accordance with the policies of the TSX Venture Exchange. The issuance of Debt [...]
Pasofino Gold Ltd. is pleased to announce that it has provided notice to Hummingbird Resources plc that it is exercising its right under the option agreement to cause HB PLC to sell to Pasofino, HB PLC's 51% interest in the issued and outstanding shares of Hummingbird Resources Inc. and all shareholder loans made by HB PLC to HBL to Pasofino in order for Pasofino to become owner of 100% of the Dugbe Gold Project . In [...]
Pasofino Gold Ltd. is pleased to announce that it has closed its non-brokered private placement of Units at $0.50 per Unit for gross proceeds of approximately C$5.3 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 following [...]
Pasofino Gold Ltd. is pleased to announce that it has received an extension from the TSX Venture Exchange to close its previously announced non-brokered private placement and anticipates closing during the week of October 17, 2022. Further details on the Offering, including the total aggregate number of units to be issued, aggregate proceeds to be raised, finder's fees to be paid, insider participation and use of [...]
Pasofino Gold Ltd. is pleased to announce that it has exercised its option to acquire an initial 49% economic interest in the Dugbe Project, prior to the issuance to the Government of Liberia of its 10% carried interest in Hummingbird Liberia[1]. As a result of this exercise, each of Pasofino and Hummingbird will have the right to exercise the option to consolidate ownership by converting Hummingbird's 51% ownership of the [...]
Pasofino Gold Ltd. is pleased to announce results of 'rock-chip sampling at the Bukon Jedeh area on its Dugbe Gold Project in Liberia, with results up to 1 ounce gold per tonne. Highlights 4.1km trend of artisanal gold mining dating back to the 1930's. Ten pits visited by Pasofino - at all of these, gold is extracted from fresh bedrock from up to 60 m depth. All pits except two gave rock-chip samples with over 3 g/t gold [...]
Pasofino Gold Ltd. is pleased to announce a non-brokered private placement of up to 12,856,000 units of the Company at C$0.50 per Unit for gross proceeds of up to C$6,428,000 . 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$0.65 for a period of 18 months [...]
Pre-Tax NPV of 5% of US$690 million, Pre-Tax IRR of 26.35% and AISC of US$1,005/oz 2.27Moz gold production over a 14-year mine life, producing 200,000 oz per annum in the first 5 years Pasofino Gold Ltd. is pleased to announce that it has filed under its profile at www.sedar.com the Feasibility Study in respect of the Dugbe Gold Project in Liberia. Further, the Company is pleased to announce that Hummingbird Resources Plc [...]
Pasofino Gold Ltd. is pleased to announce the appointment of Dr. Daniel Limpitlaw, as President and CEO of the company effective immediately. Daniel replaces Ian Stalker who is stepping down from his current role as President and CEO, but will remain in a consultancy role, focused on the strategic initiative underway. Dr. Limpitlaw will also join the Board of Pasofino, replacing Mr. John Sanders who has resigned from the [...]
Pre-Tax NPV5% of USD690 million, Pre-Tax IRR of 26.35% and AISC of USD1,005/oz 2.27Moz gold production over a 14-year mine life, producing 200,000 oz per annum in the first 5 years Upon filing of the Feasibility Study on SEDAR Pasofino can deliver an Option Satisfaction Notice confirming that it has satisfied the requirements to earn its 49% interest in the project Pasofino Gold Ltd. is pleased to announce the results of [...]
Pasofino Gold Ltd. is pleased to announce that it has appointed Mr. Savas Sahin as the nominee of Eczacıbaşı Esan to the Board of Directors of the Company. He replaces Bulent Kozlu, the previous nominee director of Eczacıbaşı Esan. Mr. Sahin has had many years in the mining industry, working under operational, projects and management roles at Eurogold, Inmet Metal Mining, Newmont, Mount Isa Mines, Demir Export, AMAK Mining in Turkey, Australia, and Saudi Arabia. Mr. Sahin currently serves as the CEO of Eczacıbaşı Esan and sits on the board of Esan and AMAK Mining. Krisztian Toth, Chairman of the Board of Pasofino, commented: "On behalf of the Board, I would like to welcome Savas to Pasofino Gold. He brings extensive experience and ... [...]
Pasofino Gold Ltd. is pleased to announce positive developments from the ongoing Feasibility Study being undertaken on the Dugbe Gold Project by DRA Global Limited , the independent consultants appointed by the Company to complete the FS. Highlights; The FS is now scheduled to complete in April 2022, at that time the Company will, subject to satisfying certain other conditions in the earn-in agreement, earn a 49% interest [...]
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