Pasofino Gold Provides Update to Its March 5, 2025 Press Release
Rhea-AI Summary
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has provided an important update regarding its shareholder rights plan. The company has submitted an undertaking to the Ontario Securities Commission (OSC) stating that until March 31, 2025 at 5:00 p.m. (ET), or until the OSC revokes the undertaking, Pasofino will not activate any rights granted under the Rights Plan or allow such rights to become listed and exercisable.
The company, through its subsidiary, maintains 100% ownership of the Dugbe Gold Project, subject to the Government of Liberia's 10% carried interest.
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Toronto, Ontario--(Newsfile Corp. - March 7, 2025) - Further to the press release issued by Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") on March 5, 2025, Pasofino hereby alerts shareholders that it has provided the Ontario Securities Commission (the "OSC") with an undertaking (the "Undertaking") in respect of its shareholder rights plan (the "Rights Plan"). The Undertaking provides that until the earlier of 5:00 p.m. (ET) on March 31, 2025 or the OSC's revocation of this Undertaking, Pasofino will not give effect to any rights stated to have been granted under Rights Plan or cause or permit any such rights to become listed and exercisable.
ABOUT PASOFINO GOLD LTD.
Pasofino Gold Limited is a Canadian-based mineral exploration company listed on the TSXV (VEIN).
Pasofino, through its wholly owned subsidiary, owns
For further information, please visit www.pasofinogold.com or contact:
Brett A. Richards, Chief Executive Officer and Director
T: 905 449 1500
E: brett@brettrichards.org
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterised by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "indicate", "may", "will", "should" and other similar words or statements that certain events or conditions "could" or "might" occur, and include, without limitation, statements regarding any potential transaction involving the Company or the Dugbe Gold Project. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, the ability to execute its strategic initiatives; the ability to advance the Dugbe Gold Project; the ability to apply the proceeds as intended; the ability to obtain requisite regulatory approvals, including from the TSX Venture Exchange and relevant authorities; the results of exploration and business activities; fluctuations in commodity prices; geopolitical risks; the availability and timing of external financing on acceptable terms; operational and logistical challenges; and the risks outlined in the Company's Management Discussion and Analysis as filed on SEDAR+. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243796
FAQ
What is the deadline for Pasofino Gold's (EFRGF) undertaking with the Ontario Securities Commission?
How does the OSC undertaking affect EFRGF's shareholder rights plan?
What is Pasofino Gold's (EFRGF) current ownership stake in the Dugbe Gold Project?
Which stock exchanges is Pasofino Gold (EFRGF) listed on?
