Highlights:
- C$8.26 million (US$6 million) investment by Fortuna for a 15% equity stake in Awalé at a premium and with no warrants.
- Funding accelerates exploration on Awalé’s 100%-owned 1,549 km2 properties at the Odienné Project targeting IOCG-style systems.
- Fortuna brings strategic partnership and proven operational expertise in Côte d’Ivoire.
- Investment validates Awalé’s technical team, exploration strategy, and district-scale discovery potential.
Toronto, Ontario–(Newsfile Corp. – May 29, 2025) – Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company“) is pleased to announce an C$8.26 million (representing the Canadian Dollar equivalent of US$6 million based on the Bank of Canada’s daily exchange rate on May 27, 2025) strategic investment in Awalé by Fortuna Mining Corp. (TSX:FVI; NYSE:FSM) (“Fortuna“) on a non-brokered private placement basis (the “Offering“). Proceeds from the Offering will be primarily…
