Pasofino Gold Ltd. is pleased to announce that it has appointed Brett A. Richards, as Chief Executive Officer with immediate effect. With over 37 years of extensive experience in the mining and metals industry, Mr. Richards brings invaluable knowledge as Pasofino advances its strategic initiatives. As an accomplished mining executive, Mr. Richards [...]
Pasofino Gold Ltd. is pleased to provide a corporate update regarding a potential transaction, as previously announced in its press releases dated August 26, 2024, and September 16, 2024. As outlined in the September 16, 2024 press release, the Company granted exclusivity to a counterparty to complete due diligence and submit a formal proposal to [...]
Pasofino Gold Ltd. is pleased to announce that it has adopted a shareholder rights plan effective as of November 1, 2024 . The Rights Plan has been adopted with a view to preserve the integrity of our previously announced strategic alternatives review process and to ensure, to the extent possible, that all shareholders of the Company are treated [...]
Pasofino Gold Ltd. is pleased to announce that it has completed the initial portion of its non-brokered private placement of units at C$0.70 per Unit for gross proceeds of approximately C$3.3 million . A second and final closing is anticipated on or about October 31, 2024. Each Unit consisted of one common share of the Company and one half of one [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]