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Spada Gold Announces Qualifying Transaction to Acquire Côte D'Ivoire Assets from Sandstorm Gold
Spada Gold Announces Qualifying Transaction to Acquire Côte D'Ivoire Assets from Sand...
About this update from Awale Resources Limited
[{"type":"text","content":"\n\n\n\nSpada Gold Announces Qualifying Transaction to Acquire Côte D'Ivoire Assets from Sandstorm Gold\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{\nBORDER-BOTTOM:1pt; BORDER-LEFT:1pt; PADDING-LEFT:0.50em; PADDING-RIGHT:0.50em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:1pt; BORDER-RIGHT:1pt\n}\n.prntblns{\nBORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 15, 2017\n\n\n\nVANCOUVER, Nov. 15, 2017 /CNW/ - Spada Gold Limited (TSXV: SPL.P) (\"Spada\" or the \"Company\"), a capital pool company listed on the TSX Venture Exchange (the \"Exchange\") is pleased to announce that it has entered into a series of property acquisition agreements to acquire a 100% interest in the Bondoukou Project and Abengourou Project areas in Côte D'Ivoire and a 90% interest in the Odienné Project area, also in Côte D'Ivoire. The project areas include a 100% interest in a total of four exploration licenses covering approximately 1,589 km2 in Côte D'Ivoire, with a further 7 exploration licenses covering another 2,393 km2 under application.  The projects were previously controlled by Mariana Resources Limited, which was acquired by Sandstorm Gold Limited (TSX: SSL, NYSE: SAND) (\"Sandstorm\") in July 2017. \n\nThe completion of the property acquisitions will constitute the Company's \"Qualifying Transaction\" under the Exchange's policies. As the acquisitions are arm's-length transactions, Spada is not required to obtain shareholder approval.  Following the completion of the acquisition, Spada will change its name to \"Awalé Resources Limited\" (\"Awalé Resources\").   \n\nAwalé Resources will focus on gold exploration for high grade deposits in the West African Birimian Greenstone belts and the Mann Shield within the relatively underexplored country of Côte d'Ivoire. Côte d'Ivoire is underlain by nearly 33% of the entire prospective Birimian terrain; however, the country contains less than 10% of the Birimian gold resources suggest...