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 [...]
Portofino Resources Inc. announces that it has arranged a non-brokered private placement financing for $500,000 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 been fully subscribed. Proceeds from [...]
Portofino Resources Inc. announces summary updates of its key projects and 2023 plans and objectives. Arizaro lithium Project, Salta : Portofino management and the state-owned mining company of the Province of Salta , continue to work together within the framework of the previously executed MOU agreement. Management has prepared and filed a "private initiative" pursuant to the Provincial Mining Law regarding an [...]
Portofino Resources Inc. announces that it has filed an independent Technical Report pursuant to National Instrument 43‐101 regarding its Allison Lake North Lithium Project located in the Red Lake mining district of Northwestern Ontario. The Technical Report has an effective date of December 10, 2022 and can be viewed either on www.sedar.com or on the Company's website at www.portofinoresources.com. About Portofino [...]
Portofino Resources Inc. is pleased to announce it has received reconnaissance grab and channel sample results from its Allison Lake North Lithium Property located 100 kilometres east of the town of Red Lake in northwestern Ontario. The objective of the fall 2022 reconnaissance program was to initiate sampling on Portofino's newly staked claims near the southwestern contact of the Allison Lake Batholith, as well as [...]
Portofino Resources Inc. announces that it has closed a second and final tranche of its previously announced non-brokered private placement financing for $392,000 priced at $0.04 per Unit, with total gross proceeds of $940,000 having been raised through this placement. The Company is issuing 9.8 million Units with each Unit consisting of one common share and one share purchase warrant. Each warrant has a term of 24 months [...]
Portofino Resources Inc. announces that it has closed the first tranche of its previously announced non-brokered private placement financing for $548,000 priced at $0.04 per Unit. The Company is issuing 13.7 million Units with each Unit consisting of one common share and one share purchase warrant. Each Warrant has a term of 24 months commencing on the Closing Date and entitles the holder to purchase one common share at a [...]
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