Portofino Resources Inc. (TSXV:POR) announced private placement of 1,400,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 140,000 on March 19, 2021. Each unit consists of one common share and one share purchase warrant exercisable at CAD 0.15 per share for a period of 24 months from closing. Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month hold period.