Pasofino engaging with companies for strategic review process
Canada-based mineral exploration company Pasofino Gold has reported that significant progress is being made with the ongoing strategic review process aimed at advancing the Dugbe gold project, in Liberia.
Pasofino, in which Aim-listed Hummingbird Resources owns a 53% interest, notes that the company is actively engaged in discussions with several interested parties, two of which have submitted nonbinding expressions of interest to acquire it.
A site visit has also taken place as part of this ongoing process.
The strategic review being conducted by Pasofino is focused on unlocking the full potential of the Dugbe project, with the objective of securing financing to advance the definitive feasibility study initiatives that started earlier this year.
Pasofino says it continues to engage with interested parties in the completion of their confirmatory due diligence and structuring to enable Pasofino and a third party to enter into a letter of intent or exclusivity agreement by the end of the third quarter of this year.
Thereafter, the intention is to enter into a definitive acquisition agreement in the fourth quarter of this year.
Pasofino confirms that it has not signed any binding documents in relation to any potential transaction and is engaged with the parties with respect to the terms of the offer letters.
Comments
Research Reports
Projects
Showroom
In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.
VISIT SHOWROOM
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
