Portofino Resources Inc. is pleased to announce the commencement of a comprehensive field exploration program on the Hombre del Muerto and Rio Grande Sur lithium brine salar properties, located in Catamarca, Argentina. The program will consist of surface sampling, shallow drilling, trenching and geological mapping. Portofino's geological team is presently mobilized within the project area. The Company will also be [...]
Portofino Resources is pleased to announce that it has executed a binding agreement with a private Argentine concession owner to acquire a 100% interest in the Yergo and Yergo 2 lithium brine salar projects in Catamarca, Argentina which comprise over 3,500 Hectares. The property locations can be viewed on the property map link below: Portofino Resources — Catamarca Lithium Projects The Yergo project is located 30 [...]
Portofino Resources wishes to announce that all management resolutions proposed in the Management Proxy Circular were approved by shareholders at its Annual General Meeting held Friday January 12, 2018, including: The number of Directors for the Company was set at three. The three members elected to the Board of Directors include: David G. Tafel, Stephen J. Wilkinson and Kenneth A. Cawkell. Manning Elliott LLP, Chartered [...]
Portofino Resources announces that in compliance with the Company's Stock Option plan, the Board of Directors has granted 1,600,000 options exercisable for up to 5 years at $0.12 to certain directors, officers and consultants of the Company. About Portofino Resources Inc. Portofino is a Vancouver, Canada based company focused on acquiring, exploring and developing mineral resource projects in the Americas. The Company has [...]
Portofino Resources Inc. is pleased to announce that the Company has received funds totalling $691,000 and issued 8.9 million shares during the last 2 weeks pursuant to the exercise of common share purchase warrants at $0.075 and $0.08 per share. The Company further reports its management and geological team will travel to Argentina in December to advance ongoing acquisition negotiations for prospective lithium brine [...]
Portofino Resources is pleased to announce that it has executed a binding agreement with a private Argentine concession owner to acquire a 100% interest in the Rio Grande Sur lithium brine salar project in Catamarca, Argentina. The concession area comprises approximately 8,500 hectares, and consolidates the southern extension of the Rio Grande salar in Catamarca. The property is adjacent to the Rio Grande concessions held [...]
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 [...]