Portofino Resources Inc. (TSXV:POR) announced a non-brokered private placement for 9,090,909 units at a price of CAD 0.055 per unit for gross proceeds of up to CAD 500,000 on January 9, 2019. Each unit will consist of one common share and one common share purchase warrant, exercisable at CAD 0.08 for a period of 24 months from the date of issuance. The transaction is subject to approval of TSX Venture Exchange. All securities issued in the transaction are subject to hold period of four months from the closing date.