Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
M&A / Property

PASOFINO GOLD LIMITED COMPLETES THE PREVIOUSLY ANNOUNCED ARRANGEMENT

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

By The Northwire Desk — AI Analysis Apr 21, 2026 · 11:57 VEIN · 0.89 Pasofino Gold Limited
Executive Summary
  • Pasofino Gold Limited has successfully completed a plan of arrangement with Mansa Resources Limited via its subsidiary 1574136 BC Ltd.
  • The transaction involved an all-cash acquisition of all issued and outstanding common shares not already owned by Mansa at C$0.90 per share.
  • Following the completion, Pasofino expects to delist from the TSX Venture Exchange on or about April 22, 2026.
  • The company intends to cease being a reporting issuer in all applicable Canadian jurisdictions.
  • Warrant and option holders received cash consideration equal to the difference between the purchase price ($0.90) and their exercise price; out-of-the-money options and warrants were cancelled for no consideration.
  • Mansa Resources Limited agreed to lend up to US$10 million to the Company at an interest rate of 12% per annum to assist with working capital requirements until the completion of the arrangement.
Material Impact
  • The news represents the closing of a transaction announced on January 26, 2026, and approved by shareholders in March 2026; therefore it is not unexpected market-moving information.
  • The stock price had already converged to the offer price of C$0.90 weeks prior to completion, indicating the market fully priced in the acquisition terms.
  • For public shareholders, this news confirms a liquidity event and exit at the agreed premium (approximately 47% above 20-day VWAP as per initial announcement).
  • The cancellation of out-of-the-money warrants is negative for those specific security holders but neutral to positive for common equity holders who received cash.
  • As the company ceases reporting status, future public information flow will stop, shifting risk entirely to private ownership under Mansa Resources.
VEIN · Price
Company Overview
  • Pasofino Gold Limited was focused on the development of the Dugbe Gold Project in Liberia.
  • The project is 100% owned by Pasofino, subject to a future 10% carried interest by the Government of Liberia.
  • Resource estimate includes Measured & Indicated resources of approximately 3.3 Moz Au at 1.37 g/t and Inferred resources of 0.6 Moz.
  • A 2022 Feasibility Study supported a 14-year open-pit mine life with an estimated start-up capex of US$435 million.
  • The project was positioned as one of Africa's largest undeveloped gold projects, benefiting from Liberia's relative political stability and favorable mining regime (3% royalty, 25-year MDA).
Read the original news release →

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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

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M&A / Property Feb 25, 2026 · 21:45

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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.

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