Business
Inflection Resources Completes Share Issuance to AngloGold Ashanti
Vancouver, British Columbia - TheNewswire - April 1, 2025: Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the "Company" or "Inflection") is pl
About this update from Inflection Resources Ltd.
[{"type":"text","content":"Vancouver, British Columbia - TheNewswire - April 1, 2025: Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the \"Company\" or \"Inflection\") is pleased to announce it has issued 11,133,399 common shares in the capital of the Company to AngloGold Ashanti Holdings plc, (“AngloGold Ashanti”) (NYSE: AU / JSE: ANG) as consideration for the completion of AUD10,000,000 in Phase I Expenditures on the Company’s New South Wales properties in Australia, pursuant to the Exploration Earn-in Agreement with an affiliate of AngloGold Ashanti announced on June 14, 2023. Subsequent to the share issuance, AngloGold Ashanti holds a 9.9% equity interest in the Company. The Company currently has 112,458,569 common shares issued and outstanding (119,283,569 common shares on a fully diluted basis). On behalf of the Board of Directors Alistair Waddell President and CEO [email protected] For further information, please contact: Brennan Zerb Investor Relations Manager +1 (778) 867-5016 [email protected] ","length":2118,"tagName":"div"}]