- Portofino Resources (POR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000
- The company will issue up to 25,000,000 units at $0.04 per unit
- Proceeds will be used primarily for exploration activities on Portofino’s Argentine lithium and Canadian projects
- Portofino is a Canadian resource company focused on exploring and developing mineral resource projects in the Americas
- Portofino Resources (POR) opened trading at C$0.04
Portofino Resources (POR) has announced a non-brokered private placement for gross proceeds of up to $1,000,000.
The company will issue up to 25,000,000 units at $0.04 per unit. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase one common share over a period of 24 months at a price of $0.06 during the first year and $0.10 during the second year.
Proceeds will be used for exploration activities on Portofino’s Argentine lithium and Canadian projects, working capital and general corporate activities.
All shares issued will be subject to a statutory four-month hold period.
Portofino is a Canadian resource company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina and up to 100 per cent of the Yergo Lithium property in Catamarca.
Portofino Resources Inc. (POR) opened trading at C$0.04.