Pasofino Gold Announces C$5 Million Private Placement and Board Appointment

An announcement from Pasofino Gold ( (TSE:VEIN) ) is now available.

Pasofino Gold Limited announced a non-brokered private placement to raise approximately C$5.0 million, aimed at advancing the Dugbe Gold Project and updating the 2022 feasibility study. The offering has significant insider participation, aligning with the company’s strategic development and funding strategies amid a favorable gold price environment. Additionally, Pasofino appointed Arnaud Lelouvier to its Board of Directors, bringing extensive experience in mergers, acquisitions, and financial management, which is expected to benefit the company’s strategic initiatives.

More about Pasofino Gold

Pasofino Gold Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company is advancing the Dugbe Gold Project and is involved in strategic partnerships to enhance its market position.

YTD Price Performance: -5.13%

Average Trading Volume: 3,575

Technical Sentiment Signal: Hold

Current Market Cap: $44.82M

For detailed information about VEIN stock, go to TipRanks’ Stock Analysis page.