- Portofino Resources (POR) has closed its non-brokered, private placement for gross proceeds of $650,000
- Portofino issued 8,125,000 units priced at C$0.08 each consisting of one common share and one share purchase warrant
- Proceeds will be used to fund exploration activities, including a first phase drill program on the Yergo, Argentina lithium project
- Portofino is a Canadian company focused on exploring and developing mineral resource projects in the Americas
- Portofino Resources Inc. (POR) is down 14.29 per cent, trading at C$0.12 per share at 10:45 am ET
Portofino Resources (POR) has closed its previously announced non-brokered, private placement for gross proceeds of $650,000.
Portofino issued 8,125,000 units priced at C$0.08 each consisting of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $0.12 during the 36-month term.
Portofino has paid $38,750 and 483,750 broker warrants in finder’s fees.
All shares issued are subject to a four-month hold period expiring in February 2022.
Proceeds will be used to fund exploration activities, including a first phase drill program on the Yergo, Argentina lithium project, working capital and general corporate activities.
Based in Vancouver, Portofino Resources is focused on exploring and developing mineral resource projects in the Americas.
Portofino Resources Inc. (POR) is down 14.29 per cent, trading at C$0.12 per share at 10:45 am ET.