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Angold Resources Announces Share Consolidation
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Angold Resources Ltd. (TSXV: AAU) ...
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[{"type":"text","content":"Angold Resources Announces Share ConsolidationVancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Angold Resources Ltd. (TSXV: AAU) (FSE: 13L) (\"Angold\" or the \"Company\") announces that the Company will undertake a consolidation (\"Consolidation\") of it's outstanding common shares on the basis of one (1) post-Consolidation for every ten (10) pre-Consolidation shares. The Consolidation has been approved by the directors of the Company, in accordance with the Articles of the Company. As of the date of this news release, the Company has 144,705,502 common shares issued and outstanding. Following completion of the Consolidation, the Company is expected to have approximately 14,470,550 common shares issued and outstanding. The exercise price and number of common shares issuable upon the exercise of the Company's outstanding options and warrants will also be proportionally adjusted upon completion of the Consolidation.Completion of the Consolidation remains subject to the approval of the TSX Venture Exchange. The Company will issue a further news release once such approval has been obtained and effective date for the Consolidation determined.About Angold Resources Ltd.Angold is an exploration and development company targeting large-scale mineral systems in proven gold districts in Chile and Ontario.ON BEHALF OF THE BOARD OF DIRECTORS\"Galen McNamara\"Galen McNamara, Chairman and Interim CEOFurther information on Angold can be found on the Company's website at www.angoldresources.com and at www.sedar.com, or by contacting the Company by email at [email protected] Statements: This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance and include expectations regarding completion of the Consolidation. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as \"appear\", \"seek\", \"anticipate\", \"plan\", \"continue\", \"estimate\", \"approximate\", \"expect\", \"may\", \"will\", \"project\", \"predict\", \"potential\", \"targeting\", \"intend\", \"could\", \"might\", \"should\", \"believe\", \"would\" ...