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Awale Resources Ltd V.ARIC

Alternate Symbol(s):  AWLRF

Awale Resources Limited is a Canada-based mineral exploration company focused on the discovery of high-grade gold and copper-gold deposits. It undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Odienne project lies in the northwest Denguele Region of Cote d’Ivoire, close to the borders of Mali and Guinea. The project covers approximately 1600 square kilometers (km2) in four permits: the granted Odenne East permit, and three permits under application. The Granted Odienne East Permit consists of multiple Iron Oxide Copper Gold (IOCG) copper-gold (Cu-Au) targets and gold (Au) targets, which include the high-grade gold Empire discovery situated along the 20 kilometers long Empire gold Corridor in the south. The Bondoukou Project is located in the northeast of Cote d’Ivoire and is accessed via sealed roads from Abidjan to the city of Bondoukou. The project consists of three granted permits covering 1191.5 km2 along with three applications covering 1182.9 km2.


TSXV:ARIC - Post by User

Awale Resources Ltd
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(1921)
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Post by Betteryear2on Apr 25, 2023 3:15pm
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Post# 35413048

AWALÉ RESOURCES SIGNS BINDING TERM SHEET

AWALÉ RESOURCES SIGNS BINDING TERM SHEET

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, April 25, 2023 /CNW/ - Awal Resources Limited (TSXV: ARIC) ("Awal" or the "Company"), a junior mineral exploration company focused on gold-copper exploration in Cte d'Ivoire, is pleased to announce the signing of a binding term sheet (the "Term Sheet") with Orefinders Resources Inc. ("Orefinders"), on April 24, 2023. The Term Sheet outlines the key terms and conditions for a proposed transaction between the two companies (the "Transaction").

AWAL RESOURCES SIGNS BINDING TERM SHEET FOR FINANCING OF CAD$1.5M AND PROVIDES UPDATE ON BROKERED PRIVATE PLACEMENT AND OTHER CORPORATE CHANGES (newswire.ca)

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