Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Pasofino Gold Enters Into Exclusive Agreement For $75 Million Cash Acquisition Offer

--News Direct--

By Anthony Termini, Benzinga

Pasofino Gold Limited (OTC: EFRGF), a Canadian-based mineral exploration company, has just announced that it has signed an exclusivity agreement with an independent potential buyer who has offered to acquire Pasofino for a cash sum of $75 million.

Given the current gold market and recent similar African mergers and acquisitions, Pasofino reports it evaluated purchase offers to maximize shareholder value. The offer grants the purchaser an exclusive period until Nov. 7, 2024, contingent upon the purchaser and its financing partners successfully completing due diligence and obtaining all necessary internal approvals.

Pasofino also provided updates on the strategic review process that it first announced in February 2023.

The Dugbe Gold Project encompasses almost 1,300 square miles in southern Liberia. Near the southwest corner of the Birimian Supergroup, it is home to some of the richest gold deposits in West Africa. The mine’s reserves have been estimated by the company to exceed 3 million ounces of indicated gold resources graded at 1.37 grams per ton, suggesting about 0.6 million ounces of inferred resources.

When Pasofino originally announced the Strategic Review Process, Pasofino committed to updating stakeholders on key events that could have a material impact on the agreement.

In August, Pasofino announced that it intended to negotiate interim financing to fund further advancement of the Dugbe Gold Project. The August 26 announcement stated that the company had been engaged with multiple parties regarding the potential acquisition of the company.

Pasofino’s decision was bolstered by the current level of gold prices, the net asset value of the Dugbe Project's estimated reserves and the metrics of recent merger and acquisition activity for similar projects in the region.

On September 16, Pasofino then released additional information about these discussions. The company revealed its exclusivity agreement with a potential buyer to acquire it in a cash transaction.

Pasofino also said that it expects to enter into a definitive agreement in the fourth quarter of 2024.

Any additional terms of these ongoing purchase and financing negotiations will be determined no earlier than one trading day following their announcement by Pasofino Gold. Should a transaction occur, the company reports that insiders of Pasofino have confirmed their intention to subscribe for any common shares not subscribed for by third parties.

Pasofino cautioned that there are no assurances or guarantees that a definitive agreement will be entered into with the purchaser regarding the offer.

More information about Pasofino Gold is available on the company’s website.

Featured photo by István Mihály from Pixabay.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

Contact Details

Benzinga

+1 877-440-9464

info@benzinga.com

Company Website

http://www.benzinga.com

View source version on newsdirect.com: https://newsdirect.com/news/pasofino-gold-enters-into-exclusive-agreement-for-75-million-cash-acquisition-offer-753098891

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.