Awale Resources Limited (V:ARIC)
Business Focus: Gold Mining
Sunny as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for ARIC within the last 6 months
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Company News
Apr 19, 2024 08:47 ET
Awalé Announces Update for Shareholder Participation Right
Toronto, Ontario--(Newsfile Corp. - April 19, 2024) - Further to the news release of April 17, 2024, Awalé Resources (TSXV: ARIC) ("Awalé" or "the Company") announces further details and an increase regarding the participation right of its current shareholder. The shareholder has the right to maintain its percentage holding post offering. In order to account for the full Underwritten Offering (including the Underwriter Option), a maximum of approximately 3,989,323 Units (as defined herein) at a price of $0.62 per Unit may be issued to this shareholder for proceeds of approximately $2,473,380, which is an increase of 1,021,403 Units from the April 17, 2024 news release. There is no assurance the shareholder will exercise the full participation right. The Units are identical to those announced in the April 17, 2024 news release.
Apr 17, 2024 17:59 ET
AWALÉ ANNOUNCES C$10 MILLION "BOUGHT DEAL" PRIVATE PLACEMENT OF UNITS
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
Valuation Ratios
Industry
Sector
Beta
2.77
--
--
Price to Sales - TTM
--
3.74
4.45
Price to Book - most recent quarter
5.30
2.09
1.98
Price to Cash Flow per share - TTM
--
10.42
9.44
Price to Free Cash Flow per share - TTM
--
29.63
21.54
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Apr 15, 2024 | 716,146 | 52,364 |
| Mar 31, 2024 | 663,782 | 649,282 |
| Mar 15, 2024 | 14,500 | 0 |
Business Summary
| Sector: Basic Materials | Industry: Gold |
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.
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