SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy
POR.V - Portofino Resources Inc. (Gold Play Next To GBR)
An SI Board Since April 2020
Posts SubjectMarks Bans Symbol
26 2 0 POR.V
Emcee:  JRod77 Type:  Moderated
Portofino Resources Inc. Research Report

Symbol: POR.V in Canada & PFFOF in the USA

Price: $0.065 CAD & $0.017 USD
Common Shares: 24.5 million (Does not include recent financing which has a 4 month hold)
Funds raised $850,000 between two placements

POR has two great projects, one is next to Great Bear Resources (GBR) which is the most successful gold discovery project in Canada at the moment, along with a large lithium project in South America.

Recent Fact Sheet: portofinoresources.com

Recent Company Presentation: portofinoresources.com

GBR went from $0.50 to $9 because of a large amount of high grade gold that was discovered near Kirkland Lake, which is beside many active mines. BTU.V is also an area play which has had success and a tremendous jump in share price.

Most recent news:

Portofino arranges $300,000 private placement

2020-04-27 13:05 MT - News Release

Mr. David Tafel reports

PORTOFINO ANNOUNCES $300,000 FINANCING

Portofino Resources Inc., due to overwhelming interest in its previously announced, oversubscribed $550,000 private placement, the company has arranged a $300,000 placement consisting of up to six million units priced at five cents per unit. Portofino insiders intend to subscribe for a minimum 2 million units.

Each Unit consists of one common share and one 2-year common share purchase warrant. Each whole warrant is exercisable for one Common Share of the Company for a period of 24 months from closing at an exercise price of $0.05.

David Tafel, Portofino's CEO comments: "We appreciate the strong support from our current shareholders and new investors during a tumultuous and uncertain economic time and we are determined to work hard to increase our Company's value. Due to Exchange restrictions on the amount of funds the Company could accept into the previous ($0.035) financing and the market value at time of closing (April 24), insiders decided not to invest to ensure maximum availability for non-insider investors. Insiders will instead invest in the current, higher priced ($0.05) placement."

Proceeds from this financing shall be used by the Company for project exploration activities, currently focused on its South of Otter (Red Lake) gold project and general corporate purposes which includes pursuing other potential precious metal project opportunities. The South of Otter property hosts targets for both Red Lake-style gold mineralization, as well as gold bearing base metal prospects. Historical work on the property includes prospecting, sampling, airborne magnetic geophysical surveys as well as limited drilling.

Closing of this financing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month hold period.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on acquiring, exploring and developing mineral resource projects in the Americas. Its South of Otter gold/base metal project is located in the historic gold mining district of Red Lake, Ontario proximal to the high-grade Dixie gold property owned by Great Bear Resources Ltd. The Company also maintains an interest in prospective lithium salar properties located within the world-renowned "Lithium Triangle" in Argentina.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

Portofino closes oversubscribed financing for $550,000

2020-04-24 16:17 MT - News Release

Mr. David Tafel reports

PORTOFINO CLOSES OVERSUBSCRIBED FINANCING

Portofino Resources Inc. has been oversubscribed on its previously announced $500,000 non-brokered private placement and has closed on $550,000 priced at 3.5 cents per unit. Each unit consists of one common share and one two-year common share purchase warrant. Each whole warrant is exercisable for one common share of the company for a period of 24 months from closing at an exercise price of five cents.

Proceeds from this financing shall be used by the company for project exploration activities, currently focused on its Red Lake gold project, and for general corporate purposes as previously detailed.

Portofino is issuing 15,714,285 share units and paying finders' fees of $21,512 and 597,509 broker warrants, which are exercisable on the same terms as the subscribing investors. The shares issued are subject to a four-month hold period, which will expire in August, 2020.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on acquiring, exploring and developing mineral resource projects in the Americas. Its South of Otter gold/base metal project is located in the historical gold mining district of Red Lake, Ont., proximal to the high-grade Dixie gold property owned by Great Bear Resources Ltd. The company also maintains an interest in prospective lithium salar properties, located within the world-renowned Lithium Triangle in Argentina.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
26Up over 200% in just 90 days! As I mentioned with my thorough due diligence repoJRod77-July 29
25Yeah I have no idea what to make of that. It's a listed stock and traded thiJRod77-July 7
24I just checked and found that there is a reply to my last: "I spoke with teGib Bogle-July 7
23Sorry to hear you aren't getting anywhere with TD Ameritrade. Not sure what JRod77-July 7
22I complained to TDAmeritrade about it. They asked me to send a screen shot, whiGib Bogle-July 7
21Unfortunately I have no idea why it didn't work. It's weird how in CanadJRod77-July 7
20When I try to buy PFFOF through Ameritrade, I get: "The system is temporariGib Bogle-June 29
19Portofino signs option deal to acquire Bruce Lake 2020-06-29 07:12 MT - News ReJRod77-June 29
18Epstein Research - Portofino Resources; gold in Ontario, Canada + lithium brinesJRod77-June 25
17Portofino Discovers New Sulphide Mineralization Zone, South of Otter Project, ReJRod77-June 23
16Portofino Resources Inc. Gold Property Map: portofinoresources.comJRod77-June 14
15Portofino to acquire Melema West for shares, cash 2020-06-11 08:19 MT - News ReJRod77-June 11
14Portofino to begin mapping, sampling South of Otter 2020-06-02 07:44 MT - News JRod77-June 2
13new company presentation with regards to the acquisiton today: portofinoresourcJRod77-May 27
12Portofino Acquires Sapawe West, Atikokan Ontario Property Vancouver, British CoJRod77-May 27
11New Maps For POR's Gold Creek Property - Upto 759g/t Au portofinoresources.JRod77-May 20
10Portofino executes option agreement for Gold Creek 2020-05-20 06:53 MT - News RJRod77-May 20
9New video on Portofino Resoures Inc Starts at 15 min mark - youtube.comJRod77-May 19
8A very interesting thing to note is that the mineralization found during PortofiJRod77-May 16
7News Release: Portofino Identifies 3 Significant Conductors in Geophysical ProgrJRod77-May 14
6Portofino Resources: Searching for Gold in the Red Hot, Red Lake District linkeJRod77-May 13
5POR Insider Buying, $50K each: Filed 2020-05-08 09:39 Tx date 2020-05-08 $PORJRod77-May 8
4Portofino 6.65-million-share private placement Portofino Resources Inc (2) (C:PJRod77-May 5
3Portofino Closes Oversubscribed Financing 2020-05-05 09:10 MT - News Release VJRod77-May 5
2February 18th 2020 Interview: youtube.com March 18th 2020 Interview: youtube.coJRod77-April 28
Previous 25 | Next 25 | View Recent | Post Message
Go to reply# or date (mm/dd/yy):