Portofino Receives Approval for Extension of Warrants
Rhea-AI Summary
Portofino Resources (OTC: PFFOF) announced TSX Venture Exchange approval to extend 21,875,000 common share purchase warrants for two years. 13,000,000 warrants now expire on November 3, 2027 and 8,875,000 warrants expire on November 29, 2027. Both sets remain exercisable at $0.10 per share and were originally issued in a non-brokered private placement priced at $0.04 per unit with tranche closings on Nov. 3, 2022 and Nov. 29, 2022. All other warrant terms, including exercise price, remain unchanged.
Positive
- 21,875,000 warrants extended two years
- Exercise price remains fixed at $0.10
- Clear new expiry dates: Nov 3, 2027 and Nov 29, 2027
Negative
- Potential dilution from 21,875,000 warrants remains possible
- Extension delays final expiry-based resolution of outstanding warrants
News Market Reaction
On the day this news was published, PFFOF declined 3.23%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2025) - PORTOFINO RESOURCES INC. (TSXV: POR) (OTC Pink: PFFOF) (FSE: POTA) ("Portofino" or the "Company") announces that the TSX Venture Exchange has accepted the Company's application for approval of a two-year extension of 21,875,000 common share purchase warrants exercisable at
As previously announced, both sets of warrants are exercisable into common shares of the Company at a price of
All other terms and conditions of the warrants, including the exercise price, remain the same.
About Portofino Resources Inc.
Portofino is a Vancouver, Canada-based company focused on exploring and developing mineral resource projects in the Americas. Portofino holds a
The Company also holds a
ON BEHALF OF THE BOARD
"David G. Tafel"
Chief Executive Officer
For Further Information Contact:
David Tafel CEO, Director
604-683-1991
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.
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding the Company's future business plans. Forward-looking information in this news release is based on certain assumptions and expected future events, namely the growth and development of the Company's business as currently anticipated. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273048
FAQ
What warrants did Portofino (PFFOF) extend on November 3, 2025?
At what price are Portofino (PFFOF) warrants exercisable after the extension?
When were the extended warrants originally issued for Portofino (PFFOF)?
How many Portofino (PFFOF) warrants expire on November 3, 2027?
How many Portofino (PFFOF) warrants expire on November 29, 2027?
Did the extension change any other warrant terms for Portofino (PFFOF)?
