U.S. markets closed

  • S&P 500

    4,369.55
    +48.73 (+1.13%)
     

  • Dow 30

    34,870.16
    +448.23 (+1.30%)
     

  • Nasdaq

    14,701.92
    +142.13 (+0.98%)
     

  • Russell 2000

    2,280.00
    +48.33 (+2.17%)
     

  • Crude Oil

    74.63
    +1.69 (+2.32%)
     

  • Gold

    1,808.60
    +8.40 (+0.47%)
     

  • Silver

    26.18
    +0.22 (+0.84%)
     

  • EUR/USD

    1.1881
    +0.0028 (+0.24%)
     

  • 10-Yr Bond

    1.3560
    +0.0680 (+5.28%)
     

  • GBP/USD

    1.3902
    +0.0120 (+0.87%)
     

  • USD/JPY

    110.0290
    +0.2670 (+0.24%)
     

  • BTC-USD

    33,951.92
    +1,303.64 (+3.99%)
     

  • CMC Crypto 200

    826.23
    +9.44 (+1.16%)
     

  • FTSE 100

    7,121.88
    +91.22 (+1.30%)
     

  • Nikkei 225

    27,940.42
    -177.61 (-0.63%)
     

Awalé Resources Issues payment shares under MOU Drill for Equity

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

VANCOUVER, BC, July 9, 2021 /CNW/ - Awalé Resources Ltd. (TSXV: ARIC) (the "Company" or "Awalé") is pleased to announce that it has received Exchange approval and has issued 2,223,016 payment shares in settlement of $179,689.75 in drilling services pursuant to the Memorandum of Understanding ("MoU") with Geodrill Limited (TSX: GEO, " Geodrill") as announced April 12, 2021.

Pursuant to the MoU's , US$1 million drilling for equity program, Awalé has the option to pay Geodrill for its services in cash or a combination of cash and/or shares of the Company pursuant to VWAP and Exchange policy governing market discounts.

The shares are subject to a hold period trading restriction which expires November 1, 2021.

ON BEHALF OF THE BOARD OF DIRECTORS
AWALÉ RESOURCES LTD.

"Glen Parsons"
Glen Parsons, Director

Neither the 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.

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/awale-resources-issues-payment-shares-under-mou-drill-for-equity-301328995.html

SOURCE Awale Resources

Cision
Cision

View original content: http://www.newswire.ca/en/releases/archive/July2021/09/c7686.html

Recommended Stories

  • Why SGOCO Group Stock Rocketed Over 500% Today

    Shares of SGOCO Group (NASDAQ: SGOC) were up over 500% on Friday on heavy trading volume. The penny stock didn't release any news to trigger this price movement. SGOCO Group is a penny stock that manufactures phase change storage systems, among other items.

  • I paid off my fiancé’s $40,000 truck. He wants me to refinance my home with a VA loan — and only his name on the deed

    THE MONEYIST Dear Quentin, I’m a teacher, widow and mom of a toddler. I support myself and my daughter on one income. My fiancé was struggling with a car loan. I paid for his truck using $40,000 of my savings.

  • Warren Buffett, Jim Cramer and Suze Orman share their biggest investing regrets

    Even the most successful investors fall flat. Luckily, we can learn from their mistakes.

  • Why NIO Stock Rebounded Friday but Then Dropped

    Shares of NIO (NYSE: NIO) have been trending down in concert with other U.S.-listed Chinese stocks over the past several days. The stock rebounded early Friday after the company held its Power Day 2021 event, jumping more than 3%, but that bump didn't last, and shares were trading 1.2% below Thursday's close as of 11:15 a.m. EDT on Friday. The news likely explains the early gains in the stock, but there also may still be overhang from investors concerned about the Chinese government cracking down on U.S.-listed companies.

  • Stamps.com to be bought by Thoma Bravo in $6.6 billion deal

    On Friday, Stamps.com and Thoma Bravo announced a $6.6 billion cash deal in which the online postage company agreed to be acquired by the private equity firm.

  • 2 Top 5G Stocks That Are Screaming Buys Right Now

    Strategy Analytics estimates that 5G smartphone shipments could hit 624 million units this year from just 269 million in 2020. There were almost 136 million 5G smartphones shipped in the first quarter of 2021, according to the research firm, and sales are likely to get stronger as the year progresses. As such, now is a good time to load up on key beneficiaries of the growth in 5G smartphones.

  • House Speaker Nancy Pelosi’s husband cashed in on Big Tech just as Congress was set to pounce

    Paul Pelosi made $5.3 million after buying shares in Nasdaq giants ahead of a vote on a weak antitrust bill meant to curb their power.

  • Why Pitney Bowes Stock Is Soaring Today

    Pitney Bowes is a 100-year-old shipping company, best known for its classic postage meters. Stamps.com got a big boost on Friday when private equity firm Thoma Bravo agreed to acquire it for $330 per share in cash, a premium of 67% to the company's Thursday close.

  • These 2 Under-the-Radar Stocks Could Double (or More), Say Analysts

    Not every sound stock choice makes waves and headlines in the markets. That should be obvious – one reason the market’s giants draw so many investors is a combination of social pressure, ‘fear of missing out,’ reinforced by the news dominance those very giants generate. But history’s most successful investors kept their portfolios diversified, and that includes investments in lesser-known stocks. These are stocks that – for whatever reason – have slipped ‘under the radar’ – they haven’t picked u

  • 10 Best Dividend Stocks for Long Term

    In this article, we will be looking at the 10 best dividend stocks for long term. To skip our detailed analysis of dividend investing, you can go directly to see the 5 Best Dividend Stocks for Long Term. Dividend investing is a strategy that has managed to stick around as long as it has for two […]

  • Panic buying signs emerge Friday as Dow, S&P 500, Nasdaq head for trifecta of records a day after worst fall in 3 weeks

    Signs of panic buying emerged Friday afternoon on the New York Stock Exchange amid a powerful stock-market rally in the final minutes of trade, a day after one of the worst selloffs for equities since mid June. Market internals suggest that investors are buying mightily headed into the weekend. The NYSE Arms Index, a volume-weighted breadth measure, fell to 0.413, with many on Wall Street see declines below 0.500 as suggesting panic buying. The Arms Index is calculated by dividing the ratio of t

  • 2 Stocks That Cut You a Check Each Month

    While the stocks that pay dividends generally do so on a quarterly basis, there is a select group of companies that pay them out monthly. Here are two REITs that income investors might appreciate knowing about, that pay monthly dividends, and that have above-market yields. Realty Income (NYSE: O) is a Dividend Aristocrat that calls itself The Monthly Dividend Company.

  • 20 Chinese Companies Listed on NYSE/NASDAQ/AMEX

    In this article, we discuss the 20 Chinese companies listed on NYSE/NASDAQ/AMEX. If you want to skip our detailed analysis of these companies, go directly to the 5 Chinese Companies Listed on NYSE/NASDAQ/AMEX. The trade tension between the United States and China over the past few years has dominated headlines around the world, fueling speculation […]

  • Is Snowflake Stock A Buy? Software Maker Sets Path To $10 Billion In Revenue By 2028

    Snowflake stock, the biggest software IPO ever, has pulled back. Here is what technical analysis says about buying SNOW stock.

  • Elizabeth Warren blasts Wells Fargo for ending personal lines of credit — here’s why that decision could hurt your credit score

    Elizabeth Warren has sharp words for Wells Fargo. The bank is discontinuing personal lines of credit and will shut down existing ones in the coming weeks, CNBC reported, citing customer letters it has reviewed. In a “frequently asked questions” section of a letter sent by the back, Wells Fargo warned that the discontinuation of such bank accounts may impact customers’ credit scores.

  • These 2 Beaten-Down Growth Stocks Are Finally Seeing Things Go Right

    The stock market put in a strong showing on Friday, sending the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) to new record levels. Earlier this year, the investing thesis for many fast-growing companies got called into question by changing macroeconomic conditions. For many investors, Snowflake has been a colossal disappointment.

  • ViacomCBS' Secret Strength in the Streaming Wars

    Despite a crowded field, this entertainment company is successfully capturing a share of the streaming market.

  • Remember Bobby Bonilla? Mets Fans Do. So Should Public Pension Funds.

    The former outfielder’s famed contract coup points to the power—and dangers—of the time value of money.

  • Why Lucira Health Is Rocketing Higher Today

    What happened Shares of Lucira Health (NASDAQ: LHDX) -- a maker of consumer-friendly at-home COVID-19 tests -- climbed as much as 40% higher Friday afternoon. The move prompted a temporary halt in trading of shares.

  • Drone Delivery Canada Announces Multiple Agreements for Project at Edmonton International Airport

    Drone Delivery Canada Corp. (TSXV: FLT) (OTCQX: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the "Company" or "DDC") is pleased to announce that, with the assistance of its sales agent Air Canada (TSX: AC), it has entered into multiple commercial agreements executed by the Company on July 8th, 2021 (the "Agreements") with each of Edmonton International Airport ("EIA"), Apple Express Courier Ltd and Ziing Final Mile Inc ("the Customers") to deploy DDC's patented drone delivery solution at Edmonton Intern