Pasofino, Hummingbird reach key agreement to finally realise Dugbe project
TSX-V-listed Pasofino Gold has entered into a binding term sheet for cooperation and support with its 50.8% shareholder, Hummingbird Resources, and its parent company Nioko Resources Corporation. In terms of the agreement, the board of Pasofino has been reconstituted to comprise three nominees of Hummingbird – Oumar Toguyeni, Geoff Eyre and a person to be named later – and Pasofino CEO Brett Richards, Krisztian Toth and Emre Kayışoğlu, which were nominees of the board prior to the reconstitution.
TSX-V-listed Pasofino Gold has entered into a binding term sheet for cooperation and support with its 50.8% shareholder, Hummingbird Resources, and its parent company Nioko Resources Corporation.
In terms of the agreement, the board of Pasofino has been reconstituted to comprise three nominees of Hummingbird – Oumar Toguyeni, Geoff Eyre and a person to be named later – and Pasofino CEO Brett Richards, Krisztian Toth and Emre Kayışoğlu, which were nominees of the board prior to the reconstitution.
