Client work
Awalé Resources closes private placement and exploration agreement with Newmont Ventures on Odienné Project, Côte d'Ivoire
1
On June 15, 2022, Awalé Resources Limited ("Awalé") (TSXV: ARIC) announced the closing of the previously announced private placement as part of a transaction with Newmont Ventures Limited ("Newmont"), a wholly-owned subsidiary of Newmont Corporation (NYSE: NEM) (TSX: NGT), the world's leading gold company and a producer of copper, silver, zinc and lead.
The transaction comprised a non-brokered private placement of common shares, raising gross proceeds of $636,900, and an exploration agreement on the Odienné Project, Côte d'Ivoire, with Newmont.
As a result of the offering, Newmont has become an insider of Awalé having acquired 10.49% of Awalé's current issued and outstanding shares.
Cyndi Laval and James Stewart of Gowling WLG advised Awalé with respect to both the private placement and the exploration agreement.
NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.
We’re here to help, feel free to reach out to us
Contact us