Pasofino Gold Limited - Mining Stock Analysis & Updates
Latest News and Market Performance for Pasofino Gold Limited
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Pasofino Gold Provides Update to Its March 7, 2025 Press Release
Pasofino Gold Limited has informed shareholders that it has submitted an undertaking to the Ontario Securities Commission regarding its shareholder rights plan, delaying the listing and exercisability of rights until April 15, 2025.
Pasofino Gold Provides Update to Its March 5, 2025 Press Release
Pasofino Gold Limited has informed shareholders that it provided an undertaking to the Ontario Securities Commission regarding its shareholder rights plan, prohibiting the exercise of rights until March 31, 2025, or until revoked by the OSC.
Pasofino Gold Announces Resignation of Directors and Provides Update on Actions Taken by Nioko Resources Corporation
Pasofino Gold Limited announces the resignation of board members Dan Betts and Tom Hill, thanks them for their service, and informs that Nioko Resources' acquisition of Hummingbird Resources triggered the Royalty Holder's right to potentially terminate a royalty agreement.
Pasofino Gold Provides Update to Its March 3, 2025 Press Release
Pasofino Gold Limited has informed shareholders that it has submitted an undertaking to the Ontario Securities Commission regarding its shareholder rights plan, halting any actions related to the plan until March 17, 2025, or until revoked by the OSC.
Pasofino Gold Alerts Market to Indirect Take-Over Bid by Nioko Resources Corporation and the Occurrence of a Flip-In Event Under Its Shareholder Rights Plan
Pasofino Gold Limited informs shareholders about Nioko Resources Corporation's acquisition of Hummingbird Resources PLC and its implications for Pasofino, including a potential indirect takeover and a flip-in event under its shareholder rights plan.
Pasofino Gold Attending PDAC in Toronto, Ontario, March 2nd - 5th, 2025
Pasofino Gold Limited will attend the PDAC convention in Toronto from March 2-5, 2025. CEO Brett A. Richards invites meetings to discuss the Dugbe Gold Project in Liberia, which has significant gold deposits and a completed feasibility study.
Pasofino Gold Wins Top African Gold Project at the 2025 Mining Indaba Dealmakers Den
Pasofino Gold Limited was awarded the Top African Gold Project at the 2025 Mining Indaba. CEO Brett A. Richards highlighted Liberia's potential for gold mining and the project's progress towards construction, emphasizing strong local support and strategic planning.
Pasofino Gold Announces New Chief Executive Officer
Pasofino Gold Limited has appointed Brett A. Richards as CEO, effective immediately. With over 37 years in mining, he brings significant expertise. The company granted him 1,000,000 stock options, pending regulatory approval. Chairman Dan Betts expressed support for the appointment.
Pasofino Gold Provides Corporate Update on Potential Acquisition
Pasofino Gold Limited has updated on a potential transaction process, following the expiration of an exclusivity period with a potential acquirer. The company is now working with the counterparty on a non-exclusive basis to facilitate financing for the acquisition. Furthermore, the data room has been opened to more potential counterparties and early-stage site visits will be organized. The company will keep the market updated on any new developments regarding the potential acquisition. The Dugbe Gold Project in southern Liberia, hosted by Pasofino, has been identified with two significant deposits.
Pasofino Gold Adopts Shareholder Rights Plan
Pasofino Gold Limited has announced the adoption of a shareholder rights plan as of November 1, 2024. The purpose of this plan is to maintain the integrity of Pasofino's strategic review process and ensure fair treatment of all shareholders in the event of a takeover bid. Under the plan, a right attaches to each outstanding common share of Pasofino and becomes exercisable if any person or group acquires 20% or more of Pasofino's common shares without complying with the "Permitted Bid" provisions. This would allow shareholders to purchase additional shares at a significant discount. The plan does not prevent unsolicited takeover bids in line with Canadian securities laws. The plan's effectiveness is contingent upon execution by Computershare Investor Services
Pasofino Gold Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately C$3.3 Million
Pasofino Gold Limited has completed the initial part of its non-brokered private placement, raising approximately C$3.3 million (US$2.4 million) through the sale of units at C$0.70 (US$0.52) each. The company issued a total of 4,770,767 common shares and 2,385,383 warrants. A second and final closing, involving an additional 36,000 common shares and 18,000 warrants, is expected on October 31, 2024. The newly-appointed director, Brett Richards, contributed a lead order of 578,338 units. The raised funds will be used for the advancement of the Dugbe Gold Project and for general working
