VANCOUVER, BC, July 30, 2021 /PRNewswire/ -
Awalé Resources
Ltd. (TSXV: ARIC) (the "Company"
or "Awalé") is pleased to announce
that it has received Exchange approval and has issued
1,121,270 payment shares in settlement of C$81,250.27 in drilling services pursuant to the
Memorandum of Understanding ("MoU") with Geodrill Limited (TSX:
GEO), (" Geodrill") as announced April 12,
2021.
Pursuant to the MoU's , US$1 million
drilling for equity program, Awalé
has the option to pay Geodrill for its
services in cash or a combination
of cash and/or shares of the
Company pursuant to VWAP and Exchange policy governing market
discounts.
The shares are subject to a hold period trading restriction
which expires December 1, 2021.
ON BEHALF OF THE
BOARD OF DIRECTORS
AWALÉ RESOURCES LTD.
"Glen Parsons"
Glen Parsons, Director
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.
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SOURCE Awale Resources