10% holder buying at Awale Resources (ARIC)

10% holder buying at Awale Resources (V:ARIC)

Newmont Ventures Limited, a 10% Holder, acquired 6,467,107 Common Shares Consolidated on a direct ownership basis at prices ranging from $0.120 to $0.171 through a prospectus or prospectus exempt offering on December 18th, 2023. The insider also acquired 1,454,357 Warrants on a direct ownership basis at an exercise price of $0.200 through a prospectus or prospectus exempt offering on December 18th, 2023. This represents a $957,531 investment into the company's shares and an account share holdings change of greater than 100%.

Awale Resources is in the Gold Sub Industry Group under the Basic Materials Sector.

Awale Resources Limited is a Canada-based mineral exploration company focused on the discovery of high-grade gold and copper-gold deposits. It undertakes exploration activities in the underexplored parts of Cote d'Ivoire. The Odienne project lies in the northwest Denguele Region of Cote d'Ivoire, close to the borders of Mali and Guinea. The project covers approximately 1600 square kilometers (km2) in four permits: the granted Odenne East permit, and three permits under application. The Granted Odienne East Permit consists of multiple Iron Oxide Copper Gold (IOCG) copper-gold (Cu-Au) targets and gold (Au) targets, which include the high-grade gold Empire discovery situated along the 20 kilometers long Empire gold Corridor in the south. The Bondoukou Project is located in the northeast of Cote d'Ivoire and is accessed via sealed roads from Abidjan to the city of Bondoukou. The project consists of three granted permits covering 1191.5 km2 along with three applications covering 1182.9 km2.