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AWALÉ RESOURCES ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT OF UNITS
AWALÉ RESOURCES ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT OF UNITS Canada NewsWire ...
About this update from Awale Resources Limited
[{"type":"text","content":"\n \n \n \n AWALÉ RESOURCES ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT OF UNITS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR\n \n \n \n \n FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Jan. 30, 2023\n \n \n /CNW/ -\n \n Awalé Resources Limited\n \n (\"\n \n Awalé\n \n \" or the \"\n \n Company\n \n \") (TSXV: ARIC) – is pleased to announce that it has entered into an agreement with Beacon Securities Limited (\"\n \n Beacon\n \n \" or the \"\n \n Agent\n \n \"), as sole agent in connection with a best efforts private placement of up to 9,678,000 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0\n \n .155 per Unit (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds to the Company of up to\n \n $1,500\n \n ,090 (the \"\n \n Offering\n \n \"). Each Unit shall consist of one common share in the capital of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant will be exercisable to acquire one Common Share (a \"\n \n Warrant Share\n \n \") for a period of 36 months following the closing of the Offering at a price of\n \n $0.25\n \n per Warrant Share.\n \n \n The securities to be issued under the Offering will be offered by way of private placement in each of the Provinces of\n \n Canada\n \n and such other jurisdictions as may be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.\n \n \n The Company intends to use the net proceeds from the Offering for exploration and development expenditures at the Company's projects in Côte d'Ivoire, settlement of certain payables and general working capital purposes.\n \n \n The Company has granted Beacon an option, exercisable in whole or in part at any time up to 48...