Portofino Arranges $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 ARRANGES $500,000 PRIVATE PLACEMENT
Vancouver, B.C., September 17, 2021. PORTOFINO RESOURCES INC. (TSX-V: POR) (OTCQB: PFFOF) (FSE:
POTA) (“Portofino” or the “Company”) is pleased to announce that it has arranged a non-brokered private
placement financing for $500,000 priced at $0.08 per Unit. Each Unit will consist of one common share
and one share purchase warrant. Each Warrant shall have a term of 36 months commencing on the Closing
Date and shall entitle the holder to purchase one common share at a price of $0.12 during the term.
Closing will be subject to TSXV Exchange approval, and any shares issued will be subject to a four -month
hold period.
Proceeds from the financing shall b e used for exploration activities , including a first phase drill program
on the Yergo, Argentina lithium project, working capital and general corporate activities.
About Portofino Resources Inc.
Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource
projects in the Americas. Its South of Otter and Bruce Lake projects are in the historic gold mining district
of Red Lake, Ontario, Canada proximal to the high-grade Dixie gold project owned by Great Bear Resources
Ltd. Portofino also holds the Gold Creek property located immediately south of the historic Shebandowan
Nickel-Copper mine.
Portofino’s green energy projects include the Yergo Lithium property which encompasses the entire
Aparejos Salar, located within the world -renowned “Lithium Triangle” in Argentina and the Allison Lake
North (Red Lake, Ontario) Lithium project.
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. Investors 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.