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Pasofino Gold Announces Undertaking on Shareholder Rights Plan

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Pasofino Gold Announces Undertaking on Shareholder Rights Plan

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Pasofino Gold ( (TSE:VEIN) ) has shared an announcement.

Pasofino Gold Limited has announced that it has provided an undertaking to the Ontario Securities Commission and Hummingbird PLC regarding its shareholder rights plan. The company has committed not to make any rights under the plan exercisable before April 15, 2025, while Hummingbird PLC agreed not to initiate any proceedings against Pasofino before March 31, 2025. This announcement reflects Pasofino’s strategic approach to managing its shareholder rights and maintaining stability in its operations, which could have implications for its market positioning and stakeholder relations.

More about Pasofino Gold

Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the TSXV. It owns 100% of the Dugbe Gold Project, prior to the issuance of the Government of Liberia’s 10% carried interest.

YTD Price Performance: -22.31%

Average Trading Volume: 1,853

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $38.78M

Learn more about VEIN stock on TipRanks’ Stock Analysis page.

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