AWALÉ ANNOUNCES C$10 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS

AWALÉ ANNOUNCES C$10 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES   OR FOR DISSEMINATION IN THE UNITED STATES /

Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought-deal private placement basis, 16,130,000 units of the Corporation (the "Units") at a price of C$0.62 per Unit (the "Offering Price") for gross proceeds of C$10,000,600 (the "Underwritten Offering").

Each Unit will consist of one common share of the Corporation (a "Unit Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Corporation for 24 months from the closing of the Offering at a price of C$0.80 .

The Corporation shall grant the Underwriters an option to purchase up to an additional 2,419,500 Units at the Offering Price for additional gross proceeds of up to C$1,500,090 (the "Underwriter Option") exercisable at any time up to 48 hours prior to the closing of the Offering.

The net proceeds received from the Offering will be used to advance the Corporation's projects in Côte d'Ivoire, as well as for working capital and general corporate purposes.

It is anticipated that closing of the Offering will occur on or about May 8, 2024 or such other date or dates as the Corporation and the Underwriters may agree. The Offering is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from the applicable closing date in accordance with applicable securities laws.

A current shareholder of the Corporation has a right to conduct a simultaneous offering at the Offering Price for identical securities as the Units ("Participation Right Units"). A maximum of 2,967,920 Participation Unit Rights may be issued to this shareholder for proceeds of approximately $1,840,110 .

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America . The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

About Awalé Resources

Awalé is a diligent and systematic mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits. The Company undertakes exploration activities in the underexplored parts of Côte d'Ivoire. Awalé's exploration success to date has culminated in a fully funded earn-in Joint Venture with Newmont covering one permit and one application (the "Odienné Project JV"), where four significant gold and gold-copper-silver-molybdenum discoveries have been made.

The Odienné Project JV is located within Awalé's greater Odienné Copper-Gold Project (the "Project") which consists of 2462 km 2 of tenure in the Northwest of Côte d'Ivoire. The Newmont JV consists of 400km 2 of granted tenure and 400km 2 under application, or approximately ⅓ of Awalé's total holding in the district. The Company announced 26 g/t gold over 57m , including 45.7 g/t gold over 32m from 165m downhole at the Charger Prospect and the discoveries have significant scope for growth and resource development. The Project has multiple pipeline prospects that have similar geochemical fingerprints to Iron Oxide Copper Gold (IOCG) and intrusive related mineral systems that offers significant potential for district scale discoveries. Cautionary Note Regarding Forward-Looking Information

ON BEHALF OF THE BOARD OF

Awale Resources Limited

"Andrew Chubb"

Andrew Chubb , CEO

Forward-Looking Information

This press release contains forward-looking information within the meaning of Canadian securities laws (collectively "forward-looking statements"). Forward-Looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-Looking statements in this press release include but are not limited to statements regarding, the Company's presence in Cote d'Ivoire and ability to achieve results, creation of value for Company shareholders, achievements under the Newmont JV, works on other properties, planned drilling, commencement of operations. Although the Company believes any forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedar.com . Forward-Looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Awalé Resources Limited

Cision View original content: http://www.newswire.ca/en/releases/archive/April2024/17/c8549.html

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Awalé Hits 1.4 g/t Gold Eq. over 60 Metres at the BBM Zone, Odienné Project

Awalé Hits 1.4 g/t Gold Eq. over 60 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 60m @ 1.4 grams per tonne ("g/t") gold equivalent ("AuEq.") from 53m, including 9m @ 4.2 g/t AuEq. from 98m downhole in OEDD-111.
  • 33m @ 1.1 g/t AuEq., including 15m @ 1.4 g/t AuEq. from 272m downhole in OEDD-110.
  • 42m @ 0.9 g/t AuEq., including 14m @ 1.7 g/t AuEq. from 336m downhole in hole OEDD-109.
  • Drilling continues to demonstrate excellent continuity over broad width and gold tenor.
  • A total of 6,380m of drilling was completed across 22 holes and one re-entry hole.

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to report results from four diamond drill holes completed as part of the expanded drill campaign targeting the BBM zone at the Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire. The drill program, which began in November 2024, is complete with a total of 6,379.9m drilled. Drill holes OEDD-106 and OEDD-109 to OEDD-111 were drilled along the eastern margin of the main northwest-plunging mineralized zone, where the Company is increasing drill spacing to a 100m grid (see drill plans and sections in the link below). Notably, drill hole OEDD-111 intersected shallow, broad-width mineralization from just 53m downhole, with good grade. Assay results from 14 drill holes of the BBM diamond drill program are still pending.

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Awalé Provides Progress Update for Odienné Project

Awalé Provides Progress Update for Odienné Project

HIGHLIGHTS

  • Completed 2,014m scout RC drill program across 22 holes over high-priority geochemical and IP anomalies at the 100%-owned Fremen target, with initial results expected in April 2025.
  • Completed a 150-line-km IP geophysics survey covering over 15km of strike along the BBM trend, with final processed images expected in March 2025.
  • Commenced up to 4,000m of RC drilling on the BBM extensions, with initial results expected in April/May 2025.
  • Completed 6,380m of DD across 22 holes and one re-entry hole at BBM.
  • Continuing with 2,500m of DD in 10 holes at Charger, testing the fold model, with results expected in April/May 2025.
  • Completed 1,168m of DD in 6 holes at Empire, targeting the top 120 vertical metres to increase confidence in the structural model, with results expected in April/May 2025.
  • Preparing to commence drill program at Lando, with a plan for 5 DD holes for 1,000m and 20 RC holes for 1,600m.

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to provide an update on its exploration activities at the Odienné Project ("Odienné" or the "Project") in Côte d'Ivoire (Figure 1). At the start of the year, the Company set an ambitious work program that included commencing drilling at its 100%-owned Fremen property, advancing de-risking efforts at the BBM and Charger targets, resuming work on the Empire and Lando targets, and expanding its regional exploration focus to unlock the full potential of Odienné.

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Awalé Selected to Exhibit at PDAC Core Shack, March 4-5, Booth #3105B

Awalé Selected to Exhibit at PDAC Core Shack, March 4-5, Booth #3105B

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to have been selected to exhibit core at the annual Prospectors & Developers Association of Canada (PDAC) Convention Core Shack on Tuesday, March 4, 2025 and Wednesday, March 5, 2025 at the Metro Toronto Convention Centre (MTCC). Awalé will be displaying core from its district-scale Odienné Copper-Gold Project in Côte d'Ivoire. The Company will also participate in the Investors Exchange and present at the Corporate Presentation Forum for Investors (CPFI) and Technical Session.

Core Shack Details
Date:
Tuesday, March 4 and Wednesday, March 5
Location:
Investors Exchange, Level 800, MTCC, South Building
Booth #:
3105B
Attending:
Andrew Chubb, CEO

Andrew Smith, VP Exploration
  
Investors Exchange Details
Date:
Sunday, March 2 and Monday, March 3
Location:
Investors Exchange, Level 800, MTCC, South Building
Booth #:
2322
  
Corporate Presentation Forum for Investors (CPFI) Details
Date:
Monday, March 3
Location:
Hall E, Investors Exchange, Level 800, MTCC, South Building
Room:
Investment Hub theatre
Time:
11:08 am - 11:18 am
Presenter:
Andrew Chubb, CEO
  
Technical Session Details
Date: Wednesday, March 5
Session name:
New discoveries
Session ID:
TEC-014
Location:
Level 700, MTCC, South Building
Room #:
717
Time:
10:45 am - 11:00 am
Presenter:
Andrew Chubb, CEO

 

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Awalé Included in 2025 TSX Venture 50 List of Top Performing Companies

Awalé Included in 2025 TSX Venture 50 List of Top Performing Companies

Awalé Resources Limited (TSXV: ARIC) ("Awalé" or the "Company") is pleased to announce that it has been recognized as one of the top 50 performing companies on the TSX Venture Exchange ("TSXV").

TSX Venture 50 is an annual ranking of the top-performing companies over the last year on the TSX Venture Exchange, a world-leading capital formation platform for early-stage growth firms. The companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.

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Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

Awalé Hits 2.2 g/t Gold Eq. over 29 Metres at the BBM Zone, Odienné Project

HIGHLIGHTS

  • 29m @ 2.2 grams per tonne ("g/t") gold equivalent ("AuEq."), including 10m @ 2.8 g/t AuEq. from 93m downhole in OEDD-105.

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Bold Ventures Announces Increase and Extension of Non-Brokered Private Placement and Closing of Third Tranche, and Signs Agreement with Investor News Network

Bold Ventures Announces Increase and Extension of Non-Brokered Private Placement and Closing of Third Tranche, and Signs Agreement with Investor News Network

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that the offering of its non-brokered private placement first announced on April 11th will be increased by up to $150,000. The Company will be offering up to 9,000,000 working capital units (the "WC Units") of the Company at a price of $0.05 per WC Unit for up to $450,000, and up to 10,000,000 Flow Through units (the "FT Units") at a price of $0.06 per FT Unit for up to $600,000, both of which constitute the "Offering."

The Offering has also been extended for up to a further thirty (30) days.

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Ramp Metals Announces Closing of Oversubscribed Non-Brokered Private Placement for Proceeds of Approximately $3.425M

Ramp Metals Announces Closing of Oversubscribed Non-Brokered Private Placement for Proceeds of Approximately $3.425M

Ramp Metals Inc. (TSXV: RAMP) ("Ramp Metals" or the "Company") is pleased to announce that the Company has closed its previously announced non-brokered private placement financing (the "Financing") for total proceeds of $3,464,917.74. Due to investor demand, the Company increased the size of the flow-through portion of the Financing from $2.3M to approximately $3.07M.

In the Financing, Ramp Metals issued and sold an aggregate of 1,481,482 charity flow-through common shares (the "CFT Shares") at a price of $2.07 per CFT Share, plus 295,000 common shares (the "Common Shares") at a price of $1.35 per Common Share. No finder's fees were payable in connection with the Financing.

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VIDEO: Vertex Minerals Ltd  Exec. Chairman Roger Jackson Outlines the Move to Gold Production

VIDEO: Vertex Minerals Ltd Exec. Chairman Roger Jackson Outlines the Move to Gold Production

Sydney, Australia (ABN Newswire) - VIDEO: Vertex Minerals Ltd (ASX:VTX) (OTCMKTS:VTXXF) Exec. Chairman Roger Jackson is interviewed by ABN Newswire and outlines the Move to Gold Production for the Hill End project.

Mr Jackson explains that the company is fully funded with all processes in place to begin gold mining at the historic Hill End location, where the largest gold specimen (The Holterman Nugget) in history was found.

New drilling equipment will allow the company to extend on its current gold resource. 3,600 shallow shafts running along strike, with no drilling provides the company with an exceptional opportunity to grow the resource base as it concurrently begins mining from the "Reward" that contains over 200,000 ounces of gold at over 17 grams per tonne.

The company is moving quickly from explorer/developer to explorer/miner.

To view the Video Interview, please visit:
https://www.abnnewswire.net/lnk/NOSAH25C



About Vertex Minerals Limited:  

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.



Source:
Vertex Minerals Limited

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Precious Metals & Critical Minerals Hybrid Investor Conference: Presentations Now Available for Online Viewing

Precious Metals & Critical Minerals Hybrid Investor Conference: Presentations Now Available for Online Viewing

Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from Precious Metals & Critical Minerals Hybrid Virtual Investor Conference held May 22 nd are now available for online viewing.

VIEW PRESENTATIONS HERE

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