VANCOUVER, BC, Nov. 8, 2022
/CNW/ - Awalé Resources Limited ("Awalé" or
the "Company") (TSXV: ARIC) is pleased to announce
the results of the Annual General Meeting as well as shareholder
approval of the acquisition of Colossal Gold Resources Limited
("the Acquisition") and its gold projects in Suriname.
Final TSXV acceptance of the Acquisition is conditional on the
Company satisfying the requirements outlined in the TSXV's
conditional acceptance letter in compliance with TSXV Policy 5.3
which the Company is in the process of completing (refer news
release date October 11, 2022).
The Company held its annual general meeting of shareholders on
November 7, 2022 (the "Meeting") and
at that Meeting all motions brought before shareholders were
strongly approved including the Acquisition. Please refer to our
Website www.awaleresources.com on the Investor Tab under
Shareholder Meetings for the detailed results.
Furthermore, Chief Executive Officer, Glen Parsons, will be giving an update
presentation on November 16, 2022 at
12 noon Vancouver, via the KE
Report Webinar Service. The Webinar will focus on the
Company's renewed exploration strategy which includes the exciting
highly prospective acquisition in Suriname and an update on
activities at the Odienne Project JV. Note the anticipated
drilling at the Odienne Project will be commencing before the end
of November 2022 over the compelling
geochemical and geophysical Iron Oxide Copper Gold targets at the
Sceptre and Charger prospects.
Please click on the Webinar link attached to register:
https://us06web.zoom.us/webinar/register/WN_4bSdEA30T-2OAaWxVN7acQ
About Awalé Resources
Awalé is an exploration company focused on the discovery of
large high-grade gold and copper-gold deposits. The Company
currently undertakes exploration activities in the underexplored
parts of Côte d'Ivoire. Awalé's success to date at the Odienné
Project in the Northwest of Côte d'Ivoire has culminated in a fully
funded earn-in Joint Venture with Newmont (the "Newmont JV")
covering the Odienné Project where two primary targets for
world-class discoveries have been made: i) the gold-rich Empire
corridor and ii) the recently defined
Charger, Sceptre and now Lando Iron Oxide Copper Gold
("IOCG") targets. Parts of the remaining 200km2 of
granted tenure and 400km2 under application remains
underexplored and offers significant IOCG potential. The Newmont JV
forms the solid foundation for Awalé to continue looking at new
opportunities in new jurisdictions which offer significant
potential for district scale discoveries. Awalé is currently in the
process of completing the acquisition of Colossal Gold Resources, a
private company with a highly prospective gold exploration
portfolio in Suriname, which provides an excellent strategic fit
and future growth potential for Awalé.
ON BEHALF OF THE BOARD
AWALE RESOURCES
LIMITED.
"Glen
Parsons"
Glen Parsons, President and
CEO
Forward-Looking
Information
This news release contains "forward-looking information or
statements" within the meaning of applicable securities
laws including without limitation, the operation of a
geophysical survey program and subsequent drilling and the expected
outcomes and results, other statements relating to the technical,
financial and business prospects of the Company and its properties,
and other matters.. Readers are cautioned not to place undue
reliance on forward-looking information. Actual results and
developments may differ materially from those contemplated by such
information. The statements in this news release are made as of the
date hereof. The Company undertakes no obligation to update
forward-looking information except as required by applicable
law.
Cautionary Statement
NEITHER 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.
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SOURCE Awale Resources