Pasofino Gold Limited (TSXV: VEIN) has successfully closed a non-brokered private placement, raising gross proceeds of approximately C$5.0M.
The financing will support the continued advancement of the Dugbe Gold Project in Liberia and general corporate purposes.
The placement consisted of 100,000,000 common shares issued at a price of C$0.05 per share. No finder’s fees were paid in connection with the offering, which remains subject to the final approval of the TSX Venture Exchange.
Pasofino noted that the financing reflects growing investor confidence in the Dugbe Project, which hosts one of West Africa’s largest undeveloped gold resources. The company continues to progress toward unlocking value from this strategic asset, with a focus on securing project-level financing and potential partnerships.
For more information, please visit www.pasofinogold.com
To read more articles like this, please visit www.theassay.com/news
