Portofino Closes $461,000 First Tranche 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 CLOSES $461,000 FIRST TRANCHE PRIVATE PLACEMENT
Vancouver, B.C., April 18, 2017. PORTOFINO RESOURCES INC. (POR: TSX-V) (“Portofino” or the
“Company”) is pleased to announce that it has closed a first tranche of its previously announced (March
29) non-brokered private placement for gross proceeds of $461,000 priced at $.05/Unit. Each Unit
consists of one common share and one 2-year common share purchase warrant exercisable at $.08. The
Company has issued 9,220,000 shares which will be subject to a hold period expiring in August 2017.
Finders fees consisting of $19,000 and 398,000 broker warrants (having the same terms as the placees)
have been paid. Proceeds from this financing shall be used by the Company for project exploration, due
diligence on its recently announced proposed Argentine Lithium project, and for general corporate
purposes.
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.