Angold Resources Announces Share Consolidation
Angold Resources Announces Share Consolidation
Vancouver, British Columbia – May 25, 2023 – Angold Resources Ltd. (“Angold” or the “Company”)
(TSXV:AAU) (Frankfurt: 13L) announces that the Company will undertake a consolidation
(“Consolidation”) of it’s outstanding common shares on the basis of one (1) post -Consolidation for
every ten (10) pre-Consolidation shares. The Consolidation has been approved by the directors of the
Company, in accordance with the Articles of the Company.
As of the date of this news release, the Company has 144,705,502 common shares issued and
outstanding. Following completion of the Consolidation, the Company is expected to have
approximately 14,470,550 common shares issued and outstanding. The exercise price and number of
common shares issuable upon the exercise of the Company 's outstanding options and warrants will
also be proportionally adjusted upon completion of the Consolidation.
Completion of the Consolidation remains subject to the approval of the TSX Venture Exchange. The
Company will issue a further news release once such approval has been obtained and effective date
for the Consolidation determined.
About Angold Resources Ltd.
Angold is an exploration and development company targeting large -scale mineral systems in proven
gold districts in Chile and Ontario
ON BEHALF OF THE BOARD OF DIRECTORS
“Galen McNamara”
Galen McNamara, Chairman and Interim CEO
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]
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 future
events or future performance and include expectations regarding completion of the Consolidation. 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 cauti oned 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 i nherent 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. Forward-looking information are based on management of the parties’ reasonable
assumptions, estimates, expectations, analyses and opinions, which are based on such management’s
experience and perception of trends, current conditions and expected developments, and other factors
that management believes are relevant and reasonable in the circumstances, but which may prove to
be incorrect.
The Company undertakes no obligation to update forward- looking information except as required by
applicable law. Such forward-looking information represents management’s best judgment based on
information currently available. No forward- looking statement can be guaranteed and actual future
results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-
looking statements or information.