Angold Announces Closing of $2.74 Million Marketed Public Offering of Units
April 5, 2022
ANGOLD ANNOUNCES CLOSING OF $2.74 MILLION MARKETED
PUBLIC OFFERING OF UNITS
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, April 5, 2022 – Angold Resources Ltd. (TSXV:AAU,
FRA:13L, OTCQB:AAUGF) (“Angold” or the “ Company”) is pleased to announce the
closing of its previously announced marketed public offering (the “ Offering”) of
19,566,400 units of the Company (the “Units”), at a price of $0.14 per Unit for aggregate
gross proceeds of $ 2,739,296. The Offering was conducted on a “best efforts” agency
basis and was led by Research Capital Corporation and Canaccord Genuity Corp. as the
co-lead agents and joint bookrunners.
Each Unit is comprised of one common share of the Company (a “Common Share”) and
one Common Share purchase warrant of the Company (a “Warrant”). Each Warrant
entitles the holder thereof to purchase one Common Share at an exercise price of $0. 20
until April 5, 2025.
The net proceeds from the Offering of the Units will be used for phase 1 drilling at the Iron
Butte property and for working capital and general corporate purposes.
This press release is not an offer to sell or the solicitation of an offer to buy the securities
in the United States or in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to qualification or registration under the securities laws of such jurisdiction.
The securities being offered have not been, nor will they be, registered under the United
States Securities Act of 1933, as amended, and such securities may not be offered or
sold within the United States or to, or for the account or benefit of, U.S. persons absent
registration or an applicable exemption from U.S . registration requirements and
applicable U.S. state securities laws.
About Angold
Angold is an exploration and development company targeting large -scale mineral
systems in the proven districts of the Maricunga, Nevada , and Ontario. Angold owns a
100% interest in the Dorado, Cordillera and South Bay -Uchi projects, and certain claims
that append the optioned Iron Butte project.
ON BEHALF OF THE BOARD OF ANGOLD RESOURCES LTD.
“Adrian Rothwell”
Chief Executive Officer
Further information on Angold can be found on the Company’s website at
www.angoldresources.com and at www.sedar.com, or by contacting the Company by
email at [email protected] or by telephone at (855) 917 4091.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction in which an offer,
solicitation or sale would be unlawful prior to registration or qualifications under the
securities laws of any such jurisdiction.
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.
Forward Looking Statements: This news release contains forward -looking statements and forward -looking information within the
meaning of applicable securities laws. These statements relate to fut ure events or future performance and includes expectations of
the resumption of trading of the Company’s common shares on the Exchange. All statements other than statements of historical fact
may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified
by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”,
“predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions. Forward -looking
statements and information are provided for the purpose of providing information about the current expectations and plans of
management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not
be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address
future events and conditions, by their v ery nature they involve inherent risks and uncertainties. Actual results could differ materially
from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance o n the
forward-looking statements, timelines and information contained in this news release.