Hummingbird Clears Hurdle To Funding Pasofino's Dugbe Gold Project
Toronto, Ontario--(Newsfile Corp. - January 11, 2024) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company"), which owns 100% (prior to giving effect to the Government of Liberia's 10% carried interest) of the Dugbe Gold project in Liberia, notes an announcement made yesterday by its majority shareholder, Hummingbird Resources plc (AIM: HUM) ("HB PLC"). In the announcement HB PLC confirmed that all resolutions proposed to shareholders at its General...
2024-01-11 11:23 AM EST
Hummingbird to Dedicate Funds to the Dugbe Gold Project
Toronto, Ontario--(Newsfile Corp. - January 4, 2024) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company"), which owns 100% (prior to giving effect to the Government of Liberia's 10% carried interest) of the world class Dugbe Gold project in Liberia, notes an announcement made on 21st December 2023 by its majority shareholder, Hummingbird Resources plc (AIM: HUM) ("HB PLC"). In the announcement HB PLC updated the market on its own proposed Share...
2024-01-04 4:52 PM EST
Pasofino Gold and Hummingbird Consolidate the Dugbe Gold Project to Establish one of the Largest Gold Projects in West Africa
Toronto, Ontario--(Newsfile Corp. - December 12, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") and Hummingbird Resources plc (AIM: HUM) ("HB PLC" and together with Pasofino, the "Parties") are pleased to announce that further to the news releases issued on December 7, 2023, the Parties have completed the consolidation of the Dugbe Project. Pasofino now owns 100% of the Dugbe Gold Project (prior to giving effect to the 10% carried interest...
2023-12-12 1:26 PM EST
Pasofino Gold Announces the Acquisition of the Remaining Interest in the Dugbe Gold Project
Toronto, Ontario--(Newsfile Corp. - December 7, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that further to the news releases issued on November 1, 2022 and August 23, 2023, Pasofino has closed in escrow the consolidation of it's ownership interest and will on escrow release, own 100% of the Dugbe Gold Project (prior to giving effect to the 10% carried interest of the Government of Liberia). The consolidation is...
2023-12-07 7:55 AM EST
Pasofino Gold Provides Results for Trenches on Strike from Tuzon Deposit at Dugbe Gold Project
Toronto, Ontario--(Newsfile Corp. - October 23, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce gold mineralisation in trenches at the Dugbe Shear Zone ("DSZ") target which is 5km on trend from the 2.4 Moz Tuzon deposit at its Dugbe Gold Project. The trench results support Pasofino's view that there are ample opportunities to add to the existing Dugbe F and Tuzon deposits. Highlights Channel sample analyses have...
2023-10-23 7:50 AM EDT
Pasofino Gold Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - October 5, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") announces the departure of Neil Herbert from the board of directors. Neil has been a director with Pasofino since February 2021. Krisztian Toth, Chairman of the Board of Pasofino, commented: "We would like to express our sincere gratitude to Neil for his tireless contributions towards the completion of the Dugbe gold project feasibility study last...
2023-10-05 5:30 PM EDT
Pasofino Gold Announces Results of Annual General and Special Meeting
Toronto, Ontario--(Newsfile Corp. - August 23, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that shareholders have approved all matters to be voted on at the annual general and special meeting held today. At the meeting the shareholders overwhelmingly approved Hummingbird Resources plc ("HB PLC") becoming a "control person" of Pasofino in connection with Pasofino's exercise of its right (see the November 1, 2022...
2023-08-23 6:42 PM EDT
Pasofino Gold Appoints Financial Advisor
Toronto, Ontario--(Newsfile Corp. - February 21, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that further to the previously announced commencement of a joint strategic review process with Hummingbird Resources plc, RBC Capital Markets has been engaged by Pasofino Gold Limited as the financial advisor in support of the joint strategic review process. Krisztian Toth, Chairman of the Board of Pasofino, commented: "We...
2023-02-21 7:55 AM EST
Pasofino Gold Announces Commencement of Joint Strategic Review Process with Hummingbird Resources plc for the Dugbe Gold Project, and Pasofino's Optimization of the Feasibility Study
Toronto, Ontario--(Newsfile Corp. - February 13, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that further to Pasofino's press release on November 1, 2022 (the "November 1 Press Release"), announcing the exercise by Pasofino of its right to acquire 100% (prior to giving effect to the Government of Liberia's 10% carried interest) of the Dugbe Gold Project from Hummingbird Resources plc ("Hummingbird") (the "100%...
2023-02-13 10:06 AM EST
Pasofino Gold Announces Completion of Shares for Debt Settlement
Toronto, Ontario--(Newsfile Corp. - January 23, 2023) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that further to its news release dated November 21, 2022, the Company has completed the issuance of 122,989 common shares of the Company (the "Debt Shares") at a price of $0.50 per share in settlement (the "Debt Settlement") of $61,494.81 of directors' fees owing to independent and non-executive directors (collectively, the...
2023-01-23 6:00 PM EST
Pasofino Gold Announces Issuance of Shares for Debt Settlement
Toronto, Ontario--(Newsfile Corp. - November 21, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has agreed with the independent and non-executive directors to issue 122,989 common shares ("Debt Shares") to such directors in exchange for the cancellation of $61,494.81 of director fees owing, after deduction of applicable withholding taxes (the "Transaction"). The Debt Shares will be issued at a deemed price of...
2022-11-21 8:00 AM EST
Pasofino Gold Announces Exercise of Right to Acquire 100% of the Dugbe Gold Project from Hummingbird Resources plc
Toronto, Ontario--(Newsfile Corp. - November 1, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has provided notice to Hummingbird Resources plc ("HB PLC") that it is exercising its right under the option agreement to cause HB PLC to sell to Pasofino, HB PLC's 51% interest in the issued and outstanding shares of Hummingbird Resources (Liberia) Inc. ("HBL") and all shareholder loans made by HB PLC to HBL (the...
2022-11-01 9:21 AM EDT
Pasofino Gold Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately C$5.3 Million
Toronto, Ontario--(Newsfile Corp. - October 20, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has closed its non-brokered private placement (announced August 8, 2022) of Units at $0.50 per Unit for gross proceeds of approximately C$5.3 million. Each Unit consisted of one common share of the Company (each, a "Unit Share") and one half of one common share purchase warrant (each whole warrant, a "Warrant"). Each...
2022-10-20 8:00 AM EDT
Pasofino Gold Announces Extension of Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - October 14, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has received an extension from the TSX Venture Exchange (the "Exchange") to close its previously announced non-brokered private placement (the "Offering") and anticipates closing during the week of October 17, 2022. Further details on the Offering, including the total aggregate number of units to be issued, aggregate...
2022-10-14 4:30 PM EDT
Pasofino Gold Announces 49% Earned Interest in the Dugbe Project
Toronto, Ontario--(Newsfile Corp. - September 27, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce that it has exercised its option to acquire an initial 49% economic interest in the Dugbe Project, prior to the issuance to the Government of Liberia of its 10% carried interest in Hummingbird Liberia[1]. As a result of this exercise, each of Pasofino and Hummingbird will have the right to exercise the option to...
2022-09-27 8:00 AM EDT
Pasofino Gold Announces Results of Initial Fieldwork at the Bukon Jedeh Area
Toronto, Ontario--(Newsfile Corp. - August 22, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce results of 'rock-chip sampling at the Bukon Jedeh area on its Dugbe Gold Project in Liberia, with results up to 1 ounce gold per tonne. Highlights 4.1km trend of artisanal gold mining dating back to the 1930's. Ten pits visited by Pasofino - at all of these, gold is extracted from fresh bedrock from up to 60 m depth. All pits...
2022-08-22 8:00 AM EDT
Pasofino Gold Announces a Non-Brokered Private Placement of up to US$5 Million
Toronto, Ontario--(Newsfile Corp. - August 8, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce a non-brokered private placement of up to 12,856,000 units of the Company (each, a "Unit") at C$0.50 (or US$0.39) per Unit for gross proceeds of up to C$6,428,000 (US$5,000,000) (the "Offering"). Each Unit will consist of one common share of the Company (each, a "Unit Share") and one half of one common share purchase warrant...
2022-08-08 5:00 PM EDT
Pasofino Gold Announces Filing of Its Feasibility Study and Confirmation of Satisfaction of the Option Exercise Conditions to Acquire Its Interest in the Dugbe Gold Project
Toronto, Ontario--(Newsfile Corp. - August 1, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07) ("Pasofino" or the "Company") is pleased to announce that it has filed under its profile at www.sedar.com the Feasibility Study in respect of the Dugbe Gold Project in Liberia. Further, the Company is pleased to announce that Hummingbird Resources Plc ("Hummingbird") has confirmed that the option exerci
2022-08-01 8:30 AM EDT
Pasofino Gold Announces Appointment of New CEO, and Update on Strategic Process Led by Ian Stalker
Toronto, Ontario--(Newsfile Corp. - June 20, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") is pleased to announce the appointment of Dr. Daniel Limpitlaw, as President and CEO of the company effective immediately. Daniel replaces Ian Stalker who is stepping down from his current role as President and CEO, but will remain in a consultancy role, focused on the strategic initiative underway. Dr. Limpitlaw will also join the Board of Pasofino,...
2022-06-20 8:00 AM EDT
Pasofino Gold Announces Feasibility Study Results for the Dugbe Gold Open Pit Project in Liberia
Toronto, Ontario--(Newsfile Corp. - June 13, 2022) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07) ("Pasofino" or the "Company") is pleased to announce the results of the Dugbe Project Feasibility Study (FS), which is located in Southern Liberia. The FS was prepared by the Company's lead engineers, DRA Global (South
2022-06-13 10:17 AM EDT