Pasofino Gold Provides Update to Its March 7, 2025 Press Release
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) has provided an update regarding its shareholder rights plan. The company has submitted an undertaking to the Ontario Securities Commission (OSC) stating it will not permit any rights under the Rights Plan to become listed and exercisable before 5:00 p.m. (ET) on April 15, 2025.
A similar undertaking was provided to Hummingbird PLC, who in return agreed not to initiate any proceedings against Pasofino (including its directors, officers, or shareholders) before 5:00 p.m. (ET) on March 31, 2025. The company owns 100% of the Dugbe Gold Project through its wholly-owned subsidiary, subject to the Government of Liberia's 10% carried interest.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) ha fornito un aggiornamento riguardo il suo piano di diritti degli azionisti. L'azienda ha presentato un impegno alla Commissione di Sicurezza dell'Ontario (OSC), dichiarando che non permetterà che alcun diritto previsto dal Piano di Diritti venga elencato e esercitabile prima delle 17:00 (ET) del 15 aprile 2025.
Un impegno simile è stato fornito a Hummingbird PLC, che in cambio ha accettato di non avviare alcuna azione legale contro Pasofino (inclusi i suoi direttori, funzionari o azionisti) prima delle 17:00 (ET) del 31 marzo 2025. L'azienda possiede il 100% del Progetto Oro Dugbe attraverso la sua controllata interamente posseduta, soggetta al 10% di interesse portato dal Governo della Liberia.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) ha proporcionado una actualización sobre su plan de derechos de los accionistas. La empresa ha presentado un compromiso a la Comisión de Valores de Ontario (OSC) indicando que no permitirá que ningún derecho bajo el Plan de Derechos sea listado y ejercitable antes de las 5:00 p.m. (ET) del 15 de abril de 2025.
Se proporcionó un compromiso similar a Hummingbird PLC, que a su vez acordó no iniciar ningún procedimiento contra Pasofino (incluyendo sus directores, funcionarios o accionistas) antes de las 5:00 p.m. (ET) del 31 de marzo de 2025. La empresa posee el 100% del Proyecto de Oro Dugbe a través de su filial de propiedad total, sujeta al 10% de interés mantenido por el Gobierno de Liberia.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF)는 주주 권리 계획에 대한 업데이트를 제공했습니다. 회사는 온타리오 증권 위원회 (OSC)에 권리 계획에 따른 권리가 2025년 4월 15일 오후 5시 (ET) 이전에 상장되고 행사되지 않도록 하겠다는 약속을 제출했습니다.
유사한 약속이 Hummingbird PLC에 제공되었으며, 그 대가로 Hummingbird는 2025년 3월 31일 오후 5시 (ET) 이전에 Pasofino(이사의, 임원의 또는 주주의 경우 포함)에 대한 소송을 시작하지 않기로 동의했습니다. 이 회사는 라이베리아 정부의 10% 지분을 제외하고, 전액 소유 자회사를 통해 Dugbe Gold 프로젝트의 100%를 소유하고 있습니다.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) a fourni une mise à jour concernant son plan de droits des actionnaires. La société a soumis un engagement à la Commission des valeurs mobilières de l'Ontario (OSC) indiquant qu'elle ne permettra pas que des droits en vertu du Plan de Droits soient listés et exerçables avant 17h00 (ET) le 15 avril 2025.
Un engagement similaire a été fourni à Hummingbird PLC, qui en retour a accepté de ne pas engager de procédures contre Pasofino (y compris ses directeurs, dirigeants ou actionnaires) avant 17h00 (ET) le 31 mars 2025. La société possède 100 % du projet aurifère Dugbe par l'intermédiaire de sa filiale entièrement détenue, sous réserve d'un intérêt reporté de 10 % du gouvernement du Libéria.
Pasofino Gold (TSXV: VEIN) (OTCQB: EFRGF) hat ein Update zu seinem Aktionärsrechteplan bereitgestellt. Das Unternehmen hat der Ontario Securities Commission (OSC) eine Verpflichtung vorgelegt, in der es erklärt, dass es keine Rechte aus dem Rechteplan vor 17:00 Uhr (ET) am 15. April 2025 zulassen wird, die gelistet und ausgeübt werden können.
Eine ähnliche Verpflichtung wurde Hummingbird PLC gegeben, die im Gegenzug zustimmte, vor 17:00 Uhr (ET) am 31. März 2025 keine rechtlichen Schritte gegen Pasofino (einschließlich seiner Direktoren, Führungskräfte oder Aktionäre) einzuleiten. Das Unternehmen besitzt 100 % des Dugbe Gold Projekts über seine hundertprozentige Tochtergesellschaft, vorbehaltlich des 10 % Anteils des Gouvernements von Liberia.
- 100% ownership of Dugbe Gold Project (subject to government interest)
- Restricted ability to exercise rights under the Rights Plan until April 15, 2025
- Potential legal proceedings risk from Hummingbird PLC after March 31, 2025
Toronto, Ontario--(Newsfile Corp. - March 20, 2025) - Further to the press release issued by Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) ("Pasofino" or the "Company") on March 7, 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 Pasofino will not cause or permit any rights under the Rights Plan to become listed and exercisable prior to 5:00 p.m. (ET) on April 15, 2025.
Pasofino also provided an undertaking to Hummingbird PLC that it will not cause or permit any rights under the Rights Plan to become listed and exercisable prior to 5:00 p.m. (ET) on April 15, 2025.
Hummingbird PLC provided an undertaking to Pasofino that it would not commence any proceedings against Pasofino (or its directors, officers or shareholders) prior to 5:00 p.m. (ET) on March 31, 2025.
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/245286
FAQ
What is the deadline for Pasofino Gold's (EFRGF) Rights Plan exercise restriction?
What agreement did Hummingbird PLC make with Pasofino Gold (EFRGF)?
What is Pasofino Gold's (EFRGF) ownership stake in the Dugbe Gold Project?
What undertaking did Pasofino Gold (EFRGF) provide to the Ontario Securities Commission?
