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Pasofino Gold ( (TSE:VEIN) ) has provided an announcement.
Pasofino Gold Limited has announced a non-brokered private placement to raise approximately C$12.0 million, with each unit priced at C$0.50. The proceeds will be used for updating the Dugbe Gold Project’s feasibility study, repaying debts to the Liberian government, and general working capital. The offering, which involves a related party transaction with Mansa Resources Limited, will close in multiple tranches, with the first expected around October 15, 2025. This move is part of Pasofino’s strategic efforts to advance its operations and strengthen its financial position.
More about Pasofino Gold
Pasofino Gold Limited is a company in the gold mining industry, focusing on the exploration and development of gold deposits. Its primary project is the Dugbe Gold Project located in southern Liberia, which includes significant deposits such as Dugbe F and Tuzon. The company is working on updating the feasibility study for this project and has a controlling shareholder, Hummingbird Resources Limited.
Average Trading Volume: 30,387
Technical Sentiment Signal: Buy
Current Market Cap: C$74.95M
See more insights into VEIN stock on TipRanks’ Stock Analysis page.