TSXV: AWM
WWW.ANGELWINGMETALS.COM
TORONTO, May 19, 2023
/CNW/ - Angel Wing Metals Inc. (TSXV: AWM) ("Angel Wing
Metals" or the "Company") announces that it intends
to extend the exercise period for a total of 14,285,465 share
purchase warrants, all of which are exercisable at $0.40 per common share (collectively, the
"Warrants").
The Warrants were issued pursuant to a private placement that
closed on June 16, 2021. The Company
proposes to extend the expiry dates of these Warrants by one year,
such that the new expiry date for the Warrants will be June 16, 2024. All other terms and conditions of
the Warrants remain unchanged. The Warrant extension is subject to
acceptance by the TSX Venture Exchange.
ABOUT ANGEL WING METALS
Angel Wing Metals (TSXV: AWM) is focused on the exploration and
development of its portfolio of precious metals properties in
Mexico and Canada. The Company's flagship El Grande
Project covers 655km2 in the southern extension of the
prolific Sierra Madre Occidental gold-silver belt in the state of
Nayarit, Mexico and demonstrates
significant gold and silver mineralization.
Angel Wing Metals is committed to sustainable and responsible
exploration and business activities in line with industry best
practices, supportive of all stakeholders, including the local
communities in which the Company operates.
For more information, please visit the Company's website at
www.angelwingmetals.com.
ON BEHALF OF THE BOARD OF ANGEL WING METALS INC.
Marc Prefontaine
President & CEO
Email: mprefontaine@angelwingmetals.com
Neither 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.
Forward-Looking Information: This news
release contains "forward-looking information" within the meaning
of applicable Canadian securities legislation. All statements,
other than statements of historical fact, included herein are
forward-looking information. Generally, forward-looking information
may be identified by the use of forward-looking terminology such as
"plans", " expects" or "does not expect", "proposed", "is
expected", "budgets", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or variations of such words and phrases, or by the use of words or
phrases which state that certain actions, events or results may,
could, would, or might occur or be achieved. In particular, this
news release contains forward-looking information regarding:
acceptance of the warrant extension by the
exchange. There can be no assurance that such
forward-looking information will prove to be accurate, and actual
results and future events could differ materially from those
anticipated in such forward-looking information. This
forward-looking information reflects Angel Wing Metals' current
beliefs and is based on information currently available to Angel
Wing Metals and on assumptions Angel Wing Metals believes are
reasonable. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance, or achievements of
Angel Wing Metals to be materially different from those expressed
or implied by such forward-looking information. Such risks and
other factors may include, but are not limited to: general
business, economic, competitive, political and social
uncertainties; general capital market conditions and market prices
for securities; delay or failure to receive board or regulatory
approvals; the actual results of future operations; competition;
changes in legislation, including environmental legislation,
affecting Angel Wing Metals; the timing and availability of
external financing on acceptable terms; and lack of qualified,
skilled labor or loss of key individuals. A description of
additional assumptions used to develop such forward-looking
information and a description of additional risk factors that may
cause actual results to differ materially from forward- looking
information can be found in Angel Wing Metals' disclosure documents
on the SEDAR website at www.sedar.com. Although Angel Wing Metals
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Readers
are cautioned that the foregoing list of factors is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking information as there can be no assurance that the
plans, intentions, or expectations upon which they are placed will
occur. Forward-looking information contained in this news release
is expressly qualified by this cautionary statement. The
forward-looking information contained in this news release
represents the expectations of Angel Wing Metals as of the date of
this news release and, accordingly, is subject to change after such
date. However, Angel Wing Metals expressly disclaims any intention
or obligation to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable securities law.
SOURCE Angel Wing Metals Inc.
