The Offering was underwritten by
Each Unit consists of one common share of the Company ('Common Share') and one-half of one common share purchase warrant of the Company (each whole warrant, a 'Warrant'). Each Warrant entitles the holder to acquire one Common Share at a price of
The net proceeds received from the Offering will be used to advance Awale's projects in
The Common Shares and the Warrants issued pursuant to the Offering, and any Common Shares ??issued upon the exercise of Warrants, are subject to a hold period of four months plus one ?day ?from the date of closing of the Offering. Completion of the Offering is subject to certain ?conditions ?including, but not limited to, the receipt of all necessary regulatory approvals, including ? TSX ?Venture Exchange (the 'TSXV') final acceptance. ?
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in
About
Awale is a diligent and systematic mineral exploration company focused on the discovery of large high-grade gold and copper-gold deposits. The Company undertakes exploration activities in the underexplored parts of
The Odienne Project JV is located within Awale's greater
Contact:
Tel: (+356) 99139117
Email: a.chubb@awaleresources.com.
Forward-Looking Information
This news release contains forward-looking information within the meaning of Canadian securities laws (collectively 'forward-looking statements'). Forward-Looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-Looking statements in this news release include but are not limited to statements regarding, expectations about the use of proceeds from the Offering and TSXV final acceptance?. Although the Company believes any forward-looking statements in this news release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-Looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
(C) 2024 Electronic News Publishing, source