Hummingbird Resources Anticipates Pasofino Acquisition

Hummingbird Resources (GB:HUM) has released an update.

Hummingbird Resources is optimistic about Pasofino Gold’s recent exclusivity agreement with a would-be buyer for $75 million, which could lead to the acquisition of Pasofino, in which Hummingbird has a 53% stake. The agreement allows for due diligence until November 7, 2024, and aims to finalize a deal in Q4-2024, although there’s no guarantee of a definitive agreement. Pasofino is also planning interim financing to support its Dugbe Gold Project.

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