Pasofino Gold Limited (TSXV:VEIN) exercised an option to acquire a 49% stake in Dugbe Gold Project from Hummingbird Resources PLC (AIM:HUM) on September 20, 2022. Following acquisition of its 49% interest in the Dugbe Gold Project, both Pasofino and Hummingbird PLC have the right to exercise the option to consolidate ownership by converting Hummingbird PLC's 51% ownership of the Dugbe Gold Project for a 51% shareholding in Pasofino, such that Pasofino would own 100% of the Dugbe Gold Project (prior to the government of Liberia's 10% carried interest), subject to the receipt of all required approvals including the TSXV.

Pasofino Gold Limited (TSXV:VEIN) acquired a 49% stake in Dugbe Gold Project from Hummingbird Resources PLC (AIM:HUM) on September 27, 2022.