Angel Wing Metals Announces Warrant Extension
Angel Wing Metals Announces Warrant
Extension
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 655km
2
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:
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.
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%SEDAR: 00004503E
For further information:
Katherine Pryde, Investor Relations, Tel: 646-354-9375, Email:
CO: Angel Wing Metals Inc.
CNW 17:40e 19-MAY-23