VANCOUVER, BC, July 9, 2021
/CNW/ - Awalé Resources Ltd. (TSXV: ARIC) (the "Company" or
"Awalé") is pleased to announce that it has received Exchange
approval and has issued 2,223,016 payment shares in settlement of
$179,689.75 in drilling services
pursuant to the Memorandum of Understanding ("MoU") with Geodrill
Limited (TSX: GEO, " Geodrill") as announced April 12, 2021.
Pursuant to the MoU's
, US$1 million drilling for equity program, Awalé
has the option to pay Geodrill for its
services in cash or a combination
of cash and/or shares of the
Company pursuant to VWAP and Exchange policy governing market
discounts.
The shares are subject to a hold period trading restriction
which expires November 1, 2021.
ON BEHALF OF THE
BOARD OF DIRECTORS
AWALÉ RESOURCES LTD.
"Glen Parsons"
Glen Parsons, Director
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX
Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
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content:https://www.prnewswire.com/news-releases/awale-resources-issues-payment-shares-under-mou-drill-for-equity-301328995.html
SOURCE Awale Resources