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Awalé Resources Announces closing of Private Placement and Exploration Agreement on the Odienné Project, Côte d'Ivoire
Awalé Resources Announces closing of Private Placement and Exploration Agreement on ...
About this update from Awale Resources Limited
[{"type":"text","content":"\n \n \n \n Awalé Resources Announces closing of Private Placement and Exploration Agreement on the Odienné Project, Côte d'Ivoire\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 0pt initial; BORDER-RIGHT:black 0pt initial; BORDER-BOTTOM:black 0pt initial; BORDER-LEFT:black 0pt initial\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 15, 2022\n \n \n /CNW/ - Awalé Resources Limited (\"Awalé\" or the \"Company\") (TSXV: ARIC) is pleased to announce the closing of  the previously announced private placement as part of a transaction (the \"Transaction\") ( NR dated\n \n 31 May 2022\n \n ,\n \n \n \n https://www.awaleresources.com/news/2022/Newmont Exploration JV- Odienne\n \n \n \n ) with Newmont Ventures Limited (\"Newmont\"), a wholly-owned subsidiary of Newmont Corporation (NYSE: NEM; TSX: NGT).\n \n \n The Transaction as disclosed below, comprises a Private Placement and an Exploration Agreement on the Odienné Project, Côte d'Ivoire dated as of\n \n May 27, 2022\n \n with Newmont.\n \n \n The Odienné Project currently has two primary targets for world-class discoveries: i) the gold-rich Empire corridor which includes Awalé's Empire Main high grade gold discovery and, ii) the recently defined large Sceptre Iron Oxide Copper Gold (\"IOCG\") target.  Further to these the remainder of the granted license and the contiguous application permit remains underexplored and has significant IOCG potential.\n \n \n \n \n Private Placement\n \n \n \n \n The Company has finalized its non-brokered private placement as announced\n \n May 31\n \n \n st\n \n , 2022, consisting of 3,232,994 common shares issued to Newmont at a price of\n \n $0.197\n \n per share raising gross ...