VANCOUVER, BC, Nov. 29,
2022 /CNW/ - Awalé Resources Limited ("Awalé" or the
"Company") (TSXV: ARIC) is pleased to announce the strengthening of
its Board of Directors with the appointment of Mr. Robin Birchall as independent Non-Executive
Chair with immediate effect.
Mr. Birchall brings more than twenty years of experience in the
financing and management of resource companies. Mr. Birchall was
most recently Chief Executive Officer & Director at Giyani
Metals Corp. Before that he was the Executive Chair of Silver Bear
Resources. Mr. Birchall is also a Non-Executive Director of Helium
One Global (February -2020 – present). Previous roles include
former Chief Executive Officer of a private oil and gas E&P
company as well as Vice President Investment & Corporate
Banking with BMO Capital Markets, where he completed a variety of
high-profile transactions for resource companies. Prior to BMO
Capital Markets, Mr. Birchall was Vice President Corporate Finance
at Canaccord Adams Ltd.
Mr. Birchall earned an MBA from the University of Cape Town, a MSc in European and International
Politics from Edinburgh University, a
Première Degré en Langues Literature et Civilisation, from Stendahl
Université and a BA from Queens
University.
Robin Birchall, Non-Executive
Chair, commented:
"I am delighted to be joining the Board of Awalé at a time
when it is positioning for significant growth and towards becoming
a significant resource building gold and copper/gold company. The
Company has all the ingredients for success including a top-quality
management team, excellent prospective assets in Côte d'Ivoire and,
with the potential addition of the Suriname assets, an entirely new
underexplored province in which to apply its capabilities in
conjunction with the current team. I am looking forward to
assisting Awalé and more particularly Glen and his management team
to accelerate the exploration programmes and help turn Awalé into a
significant resource builder."
Glen Parsons, Chief Executive
Officer, commented:
"As Awalé advances to the next stage of becoming a successful
resource building company, I look forward to working with Robin and
leveraging off his extensive company building and capital markets
experience. Awalé is on the cusp of significant transformation and
a strengthening of the Board forms part of our commitment to
accelerate the exploration programmes in both Suriname and Côte
d'Ivoire."
About Awalé Resources
Awalé is an exploration company focused on the discovery of
large high-grade gold and copper-gold deposits. The Company
currently undertakes exploration activities in the underexplored
parts of Côte d'Ivoire. Awalé's success to date at the Odienné
Project in the Northwest of Côte d'Ivoire has culminated in a fully
funded earn-in Joint Venture with Newmont (the "Newmont JV")
covering the Odienné Project where two primary targets for
world-class discoveries have been made: i) the gold-rich Empire
corridor and ii) the recently defined
Charger, Sceptre and now Lando Iron Oxide Copper Gold
("IOCG") targets. Parts of the remaining 200km2 of
granted tenure and 400km2 under application remains
underexplored and offers significant IOCG potential. The Newmont JV
forms the solid foundation for Awalé to continue looking at new
opportunities in new jurisdictions which offer significant
potential for district scale discoveries. Awalé is currently in the
process of completing the acquisition of Colossal Gold Resources, a
private company with a highly prospective gold exploration
portfolio in Suriname, which provides an excellent strategic fit
and future growth potential for Awalé.
ON BEHALF OF THE BOARD OF DIRECTORS OF AWALÉ RESOURCES
LIMITED
Glen Parsons, Chief
Executive Officer
Forward-Looking
Information
This press release contains forward-looking information
within the meaning of Canadian securities laws (collectively
"forward-looking statements"). Forward-looking statements are
typically identified by words such as: believe, expect, anticipate,
intend, estimate, plans, postulate and similar expressions, or are
those, which, by their nature, refer to future events. All
statements that are not statements of historical fact are
forward-looking statements. Forward-looking statements in this
press release include but are not limited to statements
regarding the Closing of the Transaction, the Company's
presence in Suriname and ability to achieve results, creation of
value for Company shareholders, achievements under the Newmont JV,
planned drilling, commencement of operations, . Although the
Company believes any forward-looking statements in this press
release are reasonable, it can give no assurance that the
expectations and assumptions in such statements will prove to be
correct.
The Company cautions investors that any forward-looking
statements by the Company are not guarantees of future results or
performance and that actual results may differ materially from
those in forward-looking statements as a result of various factors,
including the potential inability to obtain required regulatory
approvals and satisfy other applicable Closing
conditions; possible adverse impacts due the global outbreak of
COVID-19; the Company's inability to
generate sufficient cash flow or raise sufficient
additional financing requirements; volatility in metals prices; the
ability of the Company to retain its key management employees and
skilled and experienced personnel; conflicts of interest;
litigation or other administrative proceedings brought against the
Company; actual or alleged breaches of governance processes or
instances of fraud, bribery or corruption; exploration, development
and mining risks and the inherently dangerous nature of the mining
industry, and the risk of inadequate insurance or inability to
obtain insurance to cover these risks and other risks and
uncertainties; property and mineral title risks including defective
title to mineral claims or property; changes in national and local
government legislation, taxation, controls, regulations and
political or economic developments in Canada and Suriname; equipment shortages and
the ability of the Company to acquire necessary access rights and
infrastructure for its mineral properties; environmental
regulations and the ability to obtain and maintain necessary
permits, including environmental authorizations and water use
licences; extreme competition in the mineral exploration industry;
delays in obtaining, or a failure to obtain, permits necessary for
current or future operations or failures to comply with the terms
of such permits; risks of doing business in Suriname, including but
not limited to, labour, economic and political instability and
potential changes to and failures to comply with legislation; the
Company's common shares may be delisted from the Exchange if it
cannot maintain compliance with the applicable listing
requirements; and other risk factors described other filings with
Canadian securities regulators, which may be viewed at
www.sedar.com. Any forward-looking statement speaks only as of the
date on which it is made and, except as may be required by
applicable securities laws, the Company disclaims any intent or
obligation to update any forward-looking statement, whether because
of new information, future events or results or otherwise.
Cautionary Statement
NEITHER 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