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Awalé Resources Strengthens Treasury to $17.7 Million with $5.0 Million from Warrant Exercises
Highlights: $17.7 million in cash on hand, supporting exploration across the 100%-owned ground, with Newmont funding JV exploration. $5.0 million raised from th
About this update from Awale Resources Limited
[{"type":"text","content":" Highlights: $17.7 million in cash on hand, supporting exploration across the 100%-owned ground, with Newmont funding JV exploration. $5.0 million raised from the exercise of 6,230,114 common share purchase warrants at $0.80 per share. Warrant exercises reflect strong shareholder conviction in Awalé's outlook and asset quality. Multi-year exploration runway across 100%-owned properties in Côte d'Ivoire, with no near-term capital constraints. Company is well positioned to accelerate discovery at the Odienné Gold-Copper Project and 100%-owned properties. 113,497,765 common shares issued and outstanding following warrant exercise and expiry. Toronto, Ontario--(Newsfile Corp. - May 12, 2026) - Awalé Resources Limited (TSXV: ARIC) (OTCQX: AWLRF) (FSE: 2F60) (\"Awalé\" or the \"Company\") is pleased to announce that it has received total proceeds of approximately $5.0 million from the exercise of 6,230,114 common share purchase warrants of the Company (\"Warrants\") which expired on May 8, 2026. The Warrants had an exercise price of $0.80 and were issued on May 8, 2024 following the completion of a private placement financing. \"The proceeds from the warrant exercises add meaningful capital to the Company at an important time for Awalé. With approximately $17.7 million in cash, we are well positioned to accelerate exploration across our 100%-owned properties, where we believe there is significant potential to build on recent discoveries and unlock new opportunities. This includes our recently announced discovery at Sienso, and others on our 100%-owned ground. As we advance our programs, we will remain focused on disciplined growth while preserving the flexibility to support the Company's next phase of development,\" stated Andrew Chubb, CEO of Awalé Resources. Following the exercise and expiry of the Warrants, the Company has 113,497,765 common shares issued and outstanding, together with 8,986,667 stock options, 535,000 RSUs, and 6,953,524 warrants, including 5,499,167 warrants that expire on May 24, 2026. About Awalé Resources Awalé is a diligent and systematic mineral exploration company focused on discovering large high-grade gold and copper-gold deposits. Exploration activities are currently underway in the underexplored regions of Côte d'Ivoire, where the Company is exploring the Odienné Copper-Gold Project (\"Odienné\" or the \...