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Angold Resources Ltd (2)
Symbol	AAU
Shares Issued	14,470,526
Close 2023-10-24	C$ 0.065
Market Cap	C$ 940,584
Recent Sedar Documents

Angold increases private placement to $850,000

2023-10-24 20:45 ET - News Release

Subject: Angold Resources Press Release for Dissemination PDF Document File: Attachment 2023.10.24 - AAU News Release - Private Placement Upsize.pdf Angold Resources Announces Financing Upsize Vancouver, British Columbia October 24th, 2023 Angold Resources Ltd. ("Angold" or the "Company") (TSXV:AAU) (Frankfurt:13L) has elected to increase the size of its previously announced non-brokered private placement (the "Offering") to accommodate additional demand. The Company will now offer up to 17,000,000 common shares at a price of $0.05 per share for aggregate gross proceeds of up to $850,000. The Offering remains subject to approval of the TSX Venture Exchange, and all securities issued will be subject to a four month hold period under Canadian securities laws. The Company may pay finders' fees to arms-length parties in consideration for introducing subscribers to the Offering. This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws. Qualified Person The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the interim CEO of the Company and a qualified person as defined by National Instrument 43- 101. About Angold Resources Ltd. Angold is an exploration and development company targeting large-scale mineral systems worldwide. The Company's assets include projects in Chile and Canada. The Dorado Project in Chile features a major porphyry-gold system where drill results include 302 m at 0.71 g/t Au. The Cordillera Project in Chile is strategically located between two multi-million ounce gold deposits and features multiple gold exploration targets. The Uchi Project in Canada is prospective for base and precious metal mineralization. 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 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. 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 the use of proceeds from the Offering. 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.