Northwire Canada EditionThursday, July 16, 2026
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FCI 0.380 +0.0% GGAU 0.190 +0.0% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.46 +0.2% CAM 0.330 −1.5% SYH 0.400 −1.2% LOT 0.035 −12.5% CPL 0.180 −5.3% OTMC 0.400 +0.0% FCI 0.380 +0.0% GGAU 0.190 +0.0% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.46 +0.2% CAM 0.330 −1.5% SYH 0.400 −1.2% LOT 0.035 −12.5% CPL 0.180 −5.3% OTMC 0.400 +0.0%
M&A / Property Material +

PASOFINO SECURITYHOLDERS APPROVE ARRANGEMENT WITH MANSA RESOURCES

Shareholders greenlight C$0.90 cash exit as Mansa Resources moves to privatize Liberian gold play

By The Northwire Desk — AI Analysis Mar 31, 2026 · 17:04 VEIN · 0.9 Pasofino Gold Limited
Executive Summary

The most recent news (March 31, 2026) confirms that Pasofino Gold securityholders have overwhelmingly approved the Plan of Arrangement with Mansa Resources Limited. Over 99.9% of votes cast were in favor of the transaction, which will see Mansa acquire 100% of Pasofino’s outstanding common shares for C$0.90 in cash per share. The deal now moves to the Supreme Court of British Columbia for a final hearing expected the week of April 7, 2026. Upon closing, the company will be delisted from the TSX Venture Exchange and cease to be a reporting issuer.

Material Impact

The impact is Material - Positive as it provides a definitive liquidity event and a significant premium for shareholders compared to historical trading levels. - Certainty of Exit: The near-unanimous shareholder approval (99.95%) removes the primary execution risk of the deal. - Valuation: The C$0.90 cash price represents a substantial premium over the C$0.50 private placement price from October 2025, rewarding recent investors with an 80% gain in less than six months. - Risk Mitigation: This acquisition effectively transfers the significant jurisdictional and regulatory risks (specifically the Mineral Development Agreement breaches noted in late 2025) from public shareholders to the private acquirer, Mansa Resources. - Finality: The transition to a private entity under Mansa Resources ends the volatility associated with the Dugbe Gold Project’s development hurdles.

VEIN · Price
Company Overview

Pasofino Gold’s flagship asset is the Dugbe Gold Project in Liberia. - Resources: 3.3 Moz Au (Measured & Indicated) and 0.6 Moz Au (Inferred). - Status: Feasibility Study updated in 2025 supporting a 14-year mine life. - Recent History: The project faced a crisis in December 2025 when the Liberian Government alleged breaches of the Mineral Development Agreement (MDA). This acquisition by Mansa Resources (the controlling shareholder) appears to be the strategic solution to fund the "cure" for these breaches and move the project toward construction.

Read the original news release →

More from Pasofino Gold Limited

Apr 21, 2026 · 11:57

Pasofino Gold Delists Following Mansa Resources Acquisition at $0.90 Per Share

M&A / Property Apr 08, 2026 · 07:00

Pasofino Gold’s acquisition by Mansa Resources clears final court hurdle, paving way for delisting and cash‑out at agreed price

M&A / Property Feb 25, 2026 · 21:45

PASOFINO ANNOUNCES RECEIPT OF INTERIM COURT ORDER IN RELATION TO PROPOSED PLAN OF ARRANGEMENT AND MAILING OF MANAGEMENT INFORMATION CIRCULAR

M&A / Property Jan 26, 2026 · 09:46

Pasofino Gold to be acquired by Mansa Resources for CAD 0.90 per share in cash, offering a premium exit amidst Liberian project uncertainties.

M&A / Property Dec 29, 2025 · 07:01

Default Notice from Liberian Government Threatens Flagship Dugbe Project Viability

Regulatory Nov 24, 2025 · 15:53

VIDEO - Market One Minute: Pasofino Gold Advances Liberia's Largest Undeveloped Gold Project Amid Record Prices

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