Off-market insider buying at Pasofino Gold (VEIN)

Off-market insider buying at Pasofino Gold (V:VEIN)

ESAN Eczacibasi Endustriyel Hammaddeler Sanayi ve Ticaret Anonim Sirketi, a 10% Holder, acquired 891,000 Common Shares on a direct ownership basis at a price of US$0.37 through a prospectus or prospectus exempt offering on January 30th, 2024. The insider also acquired 445,500 Warrants with an exercise price of US$0.650 for 18 months. This represents a $442,318 investment into the company's shares and an account share holdings change of 8.6%.

Pasofino Gold is in the Gold Sub Industry Group under the Basic Materials Sector.

Pasofino Gold Limited is a Canada-based mineral exploration company. The Company, through its subsidiary, ARX Resources Limited, is in the process of consolidating its interest in the Dugbe Gold Project so that it owns 100% of the Dugbe Gold Project. The Dugbe Gold Project is located in southern Liberia within the under-explored parts of the Birimian geological province, which is host to the majority of West African gold deposits. The Dugbe Gold Project area is located approximately 70 kilometers (km) by road from the Greenville deep-water port. The project comprises an area of approximately 2,559 square kilometers (km2) and includes over two gold deposits, Tuzon and Dugbe F.