Stockwatch

Angold Resources Ltd
Symbol	AAU
Shares Issued	144,705,502
Close 2023-06-02	C$ 0.01
Market Cap	C$ 1,447,055
Recent Sedar Documents

Angold to roll back shares 1:10 June 7

2023-06-05 07:15 ET - News Release

Sam Subject: Angold Resources Ltd. - News Release Word Document File: '\\swfile\EmailIn\20230604 235729 Attachment Angold Resources Ltd. - News Release (Share Consolidation - Effective Date).docx' ANGOLD CONFIRMS EFFECTIVE DATE FOR SHARE CONSOLIDATION Vancouver, British Columbia - June 5, 2023 - Angold Resources Ltd. ("Angold" or the "Company") (TSXV:AAU) (Frankfurt: 13L) announces that effective at the opening of markets on or about June 7, 2023, the common shares of the Company (the "Common Shares") will commence trading on a post-consolidation basis, at a ratio of one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares outstanding (the "Consolidation"), under the existing ticker symbol "AAU". No fractional shares will be issued in connection with the Consolidation. Shareholders who would otherwise be entitled to receive a fraction of a common share will be rounded to the nearest whole number of common shares and no cash consideration will be paid in respect of fractional shares. Registered holders of common shares of the Company will receive a letter of transmittal from Computershare Trust Company of Canada with instructions on how to exchange existing share certificates for new post-Consolidation share certificates The Consolidation is intended to make the capital structure of the Company more attractive to potential financing opportunities. The Company currently has 144,705,502 Common Shares outstanding. Following completion of the Consolidation it is expected that the Company will have approximately 14,470,550 shares outstanding, subject to fractional rounding. About Angold Resources Ltd. Angold is an exploration and development company targeting large-scale mineral systems in proven gold districts in Chile and Ontario ON BEHALF OF THE BOARD OF DIRECTORS "Galen McNamara" Galen McNamara, Chairman and Interim CEO Further information on Angold can be found on the Company's website at www.angoldresources.com and at www.sedar.com, or by contacting the Company by email at investors@angoldresources.com Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements: This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. These statements relate to future events or future performance and include expectations regarding completion of the Consolidation. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.