Portofino Resources (TSE:POR) has released an update.
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Portofino Resources Inc. has finalized the option agreement with Delta Resources Limited, allowing Delta to acquire full interest in the Gold Creek property in Ontario for $300,000 cash and over two million Delta shares, with incremental payments over two years. Additionally, Portofino has secured a contiguous 700-acre claim, further expanding its Gold Creek property holdings, in exchange for cash and shares, while also maintaining a Net Smelter Return Royalty on the properties with buyback options.
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