Portofino Increases Financing to $600,000
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 INCREASES FINANCING TO $600,000
Vancouver, B.C., November 04, 2020. PORTOFINO RESOURCES INC. (POR: TSX -V) (POTA: FSE)
(“Portofino” or the “Company”) announces that due to strong interest in its previously announced private
placement for $500,000, it has increased the financing to $600,000. The placement is priced at $0.10 per
unit and each unit will consist of one common share and one share purchase warrant. Each Warrant shall
have a term of 24 months commencing on the Closing Date and shall entitle the holder to purchase one
common share at a price of $0.15 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 be used for exploration activities on its Northwestern Ontario precious
metal projects and general working capital.
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 proximal to the high-grade Dixie gold project owned by Great Bear Resources Ltd. In
addition, Portofino holds three other northwestern Ontario gold projects; the Gold Creek property located
immediately south of the historic Shebandowan Ni ckel-Copper mine, as well as the Sapawe West and
Melema West properties located near Atikokan. The Company also maintains an interest in prospective
lithium salar properties located within the world -renowned “Lithium Triangle” in Argentina. For further
information on the Company, please visit: www.portofinoresources.com.
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.