Portofino Resources Inc. reports that it executed agreements with various creditors to settle up to $105,000 in outstanding debt by issuing 10,500,000 common share Units valued at $0.01 per Unit. Each Unit comprises 1 share and a ½ warrant; each full warrant will be convertible into 1 share at $.05/share for 2 years from closing. The share for debt transactions are subject to TSX Venture Exchange approval. About Portofino [...]
Portofino Resources Inc. reports that it executed agreements with various creditors to settle up to $205,000 in outstanding debt by issuing 20,500,000 common share Units valued at $0.01 per Unit. Each Unit comprises 1 share and ½ warrant; a full warrant will be convertible into 1 share at $.05/share for 2 years from closing. The share for debt transactions are subject to TSX Venture Exchange approval. About Portofino [...]
Portofino Resources Inc. is applying to the TSX Venture Exchange for a one-year extension of 21,875,000 common share purchase warrants exercisable at $0.10. 13,000,000 warrants are set to expire on November 03rd, 2024 and 8,875,000 warrants set to expire on November 29th, 2024. Both sets of warrants are currently exercisable into common shares of the Company at a price of $0.10 per share and were issued pursuant to a [...]
Portofino Resources Inc. is pleased to provide an update on current activities and status of priority projects. South of Otter Gold Project, Red Lake, Ontario: Portofino's South of Otter project is located eight kilometers east of the Great Bear gold project owned by Kinross Gold Corp. It is believed that the SOO shares many geological characteristics with the Great Bear. In addition, Portofino has advanced the SOO with [...]
Portofino Resources Inc. reports that it has opened dialogue with numerous international industry groups that have interest in securing lithium supply, including a half dozen groups that have initiated project due diligence on a post-non-disclosure agreement basis. These groups are at various stages of due diligence and review of the Company's data room. The Company has been pursuing potential strategic financing [...]
Portofino Resources Inc. announces that it has closed its previously announced Option Agreement with Delta Resources Ltd. whereby Portofino has granted Delta the exclusive right to acquire a 100% interest in its Gold Creek, Ontario property . The terms of the agreement include $300,000 paid in cash and 2,000,001 shares of Delta, paid as follows: 1) $100,000 in cash and 666,667 shares* of Delta on approval by the TSX [...]
Portofino Resources Inc. announces that it has entered into a Mineral Claims Option Agreement with Delta Resources Ltd. whereby Portofino has granted Delta the exclusive right to acquire a 100% interest in its Gold Creek property . The Property covers approximately 4,324 hectares and is situated just to the west of Delta's project area located near Thunder Bay, Ontario. The terms of the agreement include $300,000 paid in [...]
Portofino Resources Inc. announces that, in accordance with the Company's Share Option Plan it has granted options to purchase an aggregate of 360,000 common shares of the Company to certain consultants of the Company. Each Option is exercisable into one Common Share at an exercise price of $0.05. The Options are subject to certain vesting conditions and expire five years from the grant date. About Portofino Resources [...]
Portofino Resources Inc. wishes to update its shareholders and investors on current corporate activities as related to its two drill-ready Argentina lithium brine projects. Yergo Project, Catamarca Province Management has been focused on securing funding to commence a drill program on its 100% owned Yergo Project, in Catamarca. Advanced discussions are moving forward positively, with interest from a variety of [...]
Portofino Resources Inc. announces that it has executed an amending agreement with EMX Royalty Corp., the underlying claim owner of the South of Otter, Red Lake, Ontario gold project. The Agreement allows the Company to exercise its right to earn a 100% interest in the project by making the final cash payment of $25,000 based on 50% in shares and 50% in cash . Based on the previous 30-day volume weighted average price for [...]
Portofino Resources Inc. and Lithium Chile Inc. are pleased to announce a 50:50 net equity Partnership Agreement following a successful tender for an 8,445 hectare concession within the lithium-bearing Arizaro Salar in Argentina . The Companies had previously submitted separate offers in a public tender for five concession areas in the province of Salta with Arizaro IV being the largest of the five concession areas [...]
Portofino Resources Inc. announces that further to its News Release September 26, 2023, it has received confirmation from the Catamarca Province Ministry of Mining that as at October 31, 100% of the Yergo lithium concessions have been registered in Portofino's name. Portofino's geological team is immediately proceeding to file its technical response to a previously received information request from the Ministry as part of [...]
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