Portofino Resources Inc V.POR

POR Level 2 - 11:34am ET

[Thedondom]

3 / 29,000 0.06 --- 0.065 48,000 / 4

3 / 174,000 0.055 --- 0.07 80,000 / 3

4 / 75,000 0.05 --- 0.08 239,000 / 3

4 / 266,000 0.045 --- 0.085 7,000 / 1

6 / 464,000 0.04 --- 0.09 100,000 / 2

5 / 275,000 0.035 --- 0.10 5,000 / 1

4 / 176,000 0.03 --- 0.14 9,000 / 1

5 / 305,000 0.025 --- 0.185 6,000 / 1

4 / 40,000 0.02 --- 0.19 33,000 / 2

1 / 66,000 0.015 --- 0.35 1,000 / 1

Just so people know where the funding is going, this was part of the $500k initial PP. The extra $350k rasied will likely be for drilling.

 

Proceeds from the financing are budgeted as follows: Ontario Property Exploration - $180,000; Geologist fees- 35,000; Property concessions payment - $40,000; Rent - $35,000; Office overhead - $15,000; Administration - $40,000; Legal, audit and accounting - $40,000; Offering expenses and investor communications - $30,000; Marketing materials- 10,000; Regulatory filing fees- $10,000; Working capital - $65,000.

[Thedondom]

6.5 cent iceberg seller finally gone. Can't be much anyway since there's only 24.5 million shares, not including insider holdings. The PP shares don't come free trading until the end of the summer, so float will stay tight for 4 months. Then the company will want those 5 cent warrants to exercise, meaning we need 9-10 cent pricing minimum for people to be comfortable enough to exercise