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AWALÉ RESOURCES ANNOUNCES SHARES FOR DEBT INCREASE
AWALÉ RESOURCES ANNOUNCES SHARES FOR DEBT INCREASE Canada NewsWire /NO...
About this update from Awale Resources Limited
[{"type":"text","content":"\n \n \n \n AWALÉ RESOURCES ANNOUNCES SHARES FOR DEBT INCREASE\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 \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 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 May 16, 2023\n \n \n /CNW/ - Awalé Resources Limited (TSXV: ARIC) (\"\n \n Awalé\n \n \" or the \"\n \n Company\n \n \")  is pleased to announce that, subject to TSX Venture Exchange acceptance, it intends to settle additional outstanding accounts of\n \n CAD$231,428.96\n \n (for an aggregate settlement of\n \n CAD$481,428.96\n \n ) to certain directors, officers and consultants of the Company through the issuance of an additional 1,928,575 common shares of the Company (\"\n \n Common Shares\n \n \") for an aggregate issuance of 4,011,908 Common Shares  (the \"\n \n Settlement Shares\n \n \") at a deemed price of\n \n CAD$0.12\n \n per Settlement Share. 1,855,413 Settlement Shares will be issued concurrently with closing of the brokered and non-brokered private placements (the \"\n \n Closing\n \n \") also announced on\n \n April 25, 2023\n \n and 2,156,495 Settlement Shares will be issued on receipt, and subject to, approval of the disinterested shareholders of the Company which approval will be sought shortly following Closing.\n \n \n \n AWALÉ RESOURCES LIMITED\n \n \n \n \n \n \"Robin Birchall\"\n \n \n \n \n Robin\n \n Birchall\n \n , Non-Executive Chairman and Director\n \n \n \n \n About Awalé Resources\n \n \n \n Awalé is a diligent and systematic mineral 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 exploration success to date has culminated in a fully funded earn-in Joint Venture with Newmont (the \"\n \n Newmont JV\n \n \") covering the Odienné Project in the Northwest of Côte d'Ivoire, where three significant gold and ...