- Fortuna Mining (TSX:FVI), a gold and silver company across multiple emerging markets, invested C$8.25 million at a 19-per-cent premium into Awalé Resources (TSXV:ARIC), a copper-gold explorer in Côte d’Ivoire, representing a 15-per-cent stake in the company on an undiluted basis
- Fortuna joins existing high-profile investors Orecap Invest and Newmont Corporation
- Awalé Resources stock is down by 27.54 per cent year-over-year and 37.50 per cent since 2020
Fortuna Mining (TSX:FVI), a gold and silver company across multiple emerging markets, invested C$8.25 million at a 19-per-cent premium into Awalé Resources (TSXV:ARIC), a copper-gold explorer in Côte d’Ivoire, representing a 15-per-cent stake in the company on an undiluted basis.
Awalé will allocate the proceeds to continued exploration on its 2,346-square-kilometre Odienné project, which management believes to hold the…
