Portofino Announces $500,000 Private Placement
Suite 520 – 470 Granville Street
Vancouver, BC, CANADA V6C 1V5
Telephone: 604-683-1991
Fax: 604-683-8544
www.portofinoresources.com
PORTOFINO
RESOURCES INC.
NEWS RELEASE
PORTOFINO ANNOUNCES $500,000 PRIVATE PLACEMENT
Vancouver, B.C., January 09, 2019. PORTOFINO RESOURCES INC. (POR: TSX-V) (POT: FSE) (“Portofino” or
the “Company”) announces it has arranged a non -brokered private placement for up to $500,000 for
9,090,909 Units priced at $.055/Unit. Each Unit consists of one common share and one 2 -year common
share purchase warrant exercisable at $0.08.
The Company contemplates that various exemptions will be utilized pursuant to this financing. It may rely
upon the suitability advice exemption (B.C. Instrument 45 -536) as well as the existing shareholder
exemption (CSA notice 45 -313) which allows for an investment of up to $15,00 0 within any 12 -month
period. There is no material fact or material change that has not been generally disclosed. Closing will be
subject to TSX Venture Exchange approval and any shares issued will be subject to a four -month hold
period.
Proceeds from this financing shall be used by the Company for exploration on its lithium projects, and for
general corporate purposes.
About Portofino Resources Inc.
Portofino is a Vancouver -based Canadian company focused on acquiring, exploring and developing
mineral resource projects in the Americas. The Company maintains an interest in several prospective
lithium salar properties in Catamarca, Argentina.
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 may contain forward looking statements concerning future operations of Portofino Resources Inc. (the “Company”). All forward-
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s project
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investor s are cautioned that
any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ
materially from any estimates or projections.