Awalé Resources Announces Results of the AGM and Company Update Webinar Date
Awalé Resources Announces Results of the AGM and Company Update Webinar Date
November 8, 2022 - Vancouver, BC - Awalé Resources Limited (“Awalé” or the “Company”) (TSXV: ARIC)
is pleased to announce the results of the Annual General Meeting as well as shareholder approval of the
acquisition of Colossal Gold Resources Limited (“the Acquisition”) and its gold projects in Suriname.
Final TSXV acceptance of the Acquisition is conditional on the Company satisfying the requirements
outlined in the TSXV's conditional acceptance letter in compliance with TSXV Policy 5.3 which the
Company is in the process of completing (refer news release date October 11, 2022).
The Company held its annual general meeting of shareholders on November 7, 2022 (the “Meeting”) and
at that Meeting all motions brought before shareholders were strongly approved including the
Acquisition. Please refer to our Website www.awaleresources.com on the Investor Tab under Shareholder
Meetings for the detailed results.
Furthermore, Chief Executive Officer, Glen Parsons, will be giving an update presentation on November
16, 2022 at 12 noon Vancouver, via the KE Report Webinar Service. The Webinar will focus on the
Company’s renewed exploration strategy which includes the exciting highly prospective acquisition in
Suriname and an update on activities at the Odienne Project JV. Note the anticipated drilling at the
Odienne Project will be commencing before the end of November 2022 over the compelling
geochemical and geophysical Iron Oxide Copper Gold targets at the Sceptre and Charger prospects.
Please click on the Webinar link attached to register:
https://us06web.zoom.us/webinar/register/WN_4bSdEA30T-2OAaWxVN7acQ
About Awalé Resources
Awalé is an exploration company focused on the discovery of large high-grade gold and copper-gold
deposits. The Company currently undertakes exploration activities in the underexplored parts of Côte
d'Ivoire. Awalé's success to date at the Odienné Project in the Northwest of Côte d'Ivoire has culminated
in a fully funded earn-in Joint Venture with Newmont (the "Newmont JV") covering the Odienné Project
where two primary targets for world-class discoveries have been made: i) the gold-rich Empire corridor
and ii) the recently defined Charger, Sceptre and now Lando Iron Oxide Copper Gold ("IOCG") targets.
Parts of the remaining 200km2 of granted tenure and 400km2 under application remains underexplored
and offers significant IOCG potential. The Newmont JV forms the solid foundation for Awalé to continue
looking at new opportunities in new jurisdictions which offer significant potential for district scale
discoveries. Awalé is currently in the process of completing the acquisition of Colossal Gold Resources, a
private company with a highly prospective gold exploration portfolio in Suriname, which provides an
excellent strategic fit and future growth potential for Awalé.
ON BEHALF OF THE BOARD
AWALE RESOURCES LIMITED.
“Glen Parsons”
Glen Parsons, President and CEO
2
For additional information you are invited to visit the Awalé Resources Limited website at
www.awaleresources.com, or contact Karen Davies, Head of Investor Relations at Tel:+1 604.314.6270
End
Forward-Looking Information
This news release contains "forward-looking information or statements" within the meaning of applicable securities
laws including without limitation, the operation of a geophysical survey program and subsequent drilling and the
expected outcomes and results, other statements relating to the technical, financial and business prospects of the
Company and its properties, and other matters. . Readers are cautioned not to place undue reliance on forward -
looking information. Actual results and developments may differ materially from those contemplated by such
information. The statements in this news release are made as of the date hereof. The Company undertakes no
obligation to update forward-looking information except as required by applicable law.
Cautionary Statement
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.