Awale Resources Stock Option Grant

Awale Resources Stock Option Grant

Awalé Resources Limited. (TSXV: ARIC) (the "Company" or "Awalé") wishes to announce that it has granted an aggregate 1,450,000 stock options to directorsofficers, employees and consultants with an exercise price of C$0.12. An aggregate 350,000 of the options are subject to vesting and all but 100,000 of the remaining options (1,350,000) granted have a 5 year term with an expiry of February 6, 2029. The remaining 100,000 expire in 2 years on February 6, 2026.

ON BEHALF OF THE BOARD

Awale Resources Limited

"Andrew Chubb"

Andrew Chubb, CEO

For additional information, you are invited to visit the Awalé Resources Limited website at www.awaleresources.com, or contact Kathryn Witter, at Tel: 604.410.2277 or Andrew Chubb a.chubb@awaleresources.com.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197880

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Awale Resources Limited (TSXV:ARIC)

Awale Resources Limited


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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").

News Provided by Canada Newswire via QuoteMedia

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Highlights:

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HIGHLIGHTS

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News Provided by Newsfile via QuoteMedia

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News Provided by Business Wire via QuoteMedia

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Description

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Awale Resources Limited

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