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Toronto, Ontario (Newsfile Corp. - May 27, 2021) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07) ( Pasofino or the Company ) today announced that it has closed a transaction (see press releases from April 5, 2021 and May 14, 2021 respectively) and pursuant to an agreement with QC Copper & Gold Inc. (TSXV:QCCU) (OTCQB: QCCUF) ( QC Copper ), whereby Pasofino sold its 50% interest in the advanced-stage Roger Gold-Copper Project (the Project ), located in Quebec s prolific Abitibi Greenstone Belt, to QC Copper (the Transaction ).
Terms of the Transaction
Pasofino received $1 million in cash and 1,150,000 common shares of QC Copper.
The other 50% interest will remain with SOQUEM, a subsidiary of Investissement Québec.
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Toronto, Ontario (Newsfile Corp. - May 14, 2021) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07) ( Pasofino or the Company ) announces that it has amended the terms of the agreement with QC Copper & Gold Inc. (TSXV: QCCU) (OTCQB: QCCUF) ( QC Copper ), whereby Pasofino is selling its 50% interest in the advanced-stage Roger Gold-Copper Project (the Project ), located in Quebec s prolific Abitibi Greenstone Belt, to QC Copper (the Transaction ).
Pursuant to the amendment, the total purchase price under the Transaction remains the same, however the timing for payment of some of the share consideration has been deferred. Pursuant to the amendment, on closing, QC Copper will pay Pasofino $1,000,000 in cash and issue 1,150,000 common shares of QC Copper. The balance of the common shares (being 4,350,000 common shares of QC Copper) will only be issued if a new NI 43-101 technical report ( NI 43-101 report ) is produced on the Project within 6 months of the closing
Pasofino Gold Limited: Pasofino Gold Earns 50% Interest in Roger Gold Copper Project in the Abitibi Greenstone Belt, Quebec
Pasofino or the
Company ) is pleased to announce that it has completed all conditions to earn its 50% ownership interest in the advanced-stage Roger gold-copper project ( Roger or the Project ) located in the prolific Abitibi Greenstone Belt in Quebec from project operator SOQUEM, a subsidiary of Investissement Québec.
The Project is advantageously located 5 km north of the historic mining center Chibougamau, Quebec, has an all-season road access and is crossed by a power line that serviced the past-producing Troilus Mine.
Ian Stalker, President and CEO of Pasofino, commented: The Roger gold-copper project is an advanced-stage asset in the desirable mining jurisdiction of Quebec. Completing the earn-in for the 50% ownership of this project provides us with an excellent position to evaluate options for this asset.
Pasofino Gold Limited: Pasofino Gold Provides Corporate Update and Announces the Results of the First New Drill Holes from Dugbe F finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Toronto, Ontario (Newsfile Corp. - March 9, 2021) - Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07) ("Pasofino" or the "Company") reported today that it has refiled its Technical Report