Angold Announces Private Placement FOR Proceeds of up to $800,854
April 7, 2022
ANGOLD ANNOUNCES PRIVATE PLACEMENT FOR PROCEEDS OF
UP TO $800,854
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
Vancouver, British Columbia, April 7, 2022 – Angold Resources Ltd. (TSXV:AAU,
FRA:13L, OTCQB:AAUGF) (“Angold” or the “Company”) is pleased to announce that,
following the closing of its brokered placement on April 5, 2022 for total proceeds of $2.74
million, it will be completing a non-brokered private placement of up to 5,720,386 units of
the Company (the “Units”), at a price of $0. 14 per Unit for aggregate gross proceeds of
up to $800,854 (the “ Offering”). Each Unit will consist of one common share of the
Company (a “ Common Share ”) and one Common Share purchase warrant of the
Company (a “ Warrant”). Each Warrant will be exercisable to purchase one Common
Share at an exercise price of $0. 20 for three years following the closing date of the
Offering.
The Offering is subject to approval of the TSX Venture Exchange and all securities issued
will be subject to a four month hold period under Canadian securities laws. Net proceeds
from the Offering will be used to advance the Company’s projects as well as for general
working capital purposes. In connection with completion of the Offering, the C ompany
may pay finders fees to eligible third-parties who have assisted in introducing subscribers
to the Offering.
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 f orward-looking information within the
meaning of applicable securities laws. These statements relate to future events or future performance and includes expectations of
regarding the intended use of the proceeds from the Offering. 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 t he 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 very 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 on the forward- looking
statements, timelines and information contained in this news release.