Portofino Announces Fully Subscribed $715,000 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 FULLY SUBSCRIBED $715,000 PRIVATE PLACEMENT
Vancouver, B.C., November 10, 2017. PORTOFINO RESOURCES INC. (POR: TSX-V) (POT: FSE) (“Portofino”
or the “Company”) is pleased to announce it has arranged a fully subscribed non-brokered private
placement for $715,000 for 8,937,500 Units priced at $.08/Unit. Each Unit consists of one common share
and one 2 -year common share purchase warrant exercisable at $0.12 in the first year and $0.15 in the
second year. The Company has received TSX Venture Exchange conditional approval and all shares issued
will be subject to a four-month hold period expiring in March 2018.
Finders fees are being paid consisting of $17,640 and 220,500 broker warrants that have the same terms
as the subscribers. Proceeds from this financing shall be used by the Company for project due diligence,
exploration, and for general corporate purposes.
As previously announced, the Company is in advanced discussions with several lithium brine concession
owners within the Catamarca, Argentine lithium triangle region. The Company is also preparing requisite
definitive agreement s pursuant to its news release of September 7, 2017, whe reby the Company
announced an agreement to acquire a 100% interest in the Del Condor and Pucara projects in Catamarca.
Both projects are located within the Salar del Hombre Muerto, where FMC Lithium is currently producing
lithium carbonate and Galaxy Resources is developing its Sal de Vida project.
About Portofino Resources Inc.
Portofino is a Vancouver, Canada based Company focused on acquiring, exploring and developing mineral
resource projects in the Americas.
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 p roject
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned that
any such statements are not guarantees of future performance and that actual performance and exploration and financial result s may differ
materially from any estimates or projections.