17:16:16 EDT Fri 10 May 2024
Enter Symbol
or Name
USA
CA



Angold Resources Ltd (2)
Symbol AAU
Shares Issued 34,370,526
Close 2024-01-23 C$ 0.165
Market Cap C$ 5,671,137
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Angold Resources hires Fairfax for IR

2024-01-24 11:30 ET - News Release

Mr. Galen McNamara reports

ANGOLD RESOURCES ANNOUNCES KEY PARTNERSHIP TO ELEVATE MARKETING & CORPORATE DEVELOPMENT EFFORTS

Angold Resources Ltd. has engaged corporate development and investor relations consultants Fairfax Partners Inc. Fairfax Partners will contribute to the established strategic collaborations focused on enhancing and overseeing the company's marketing initiatives while increasing awareness of the company.

"We are pleased to welcome Fairfax Partners on board as our corporate development and investor relations partners. These strategic initiatives align with our dedication to further strengthen our corporate development endeavours and refine our marketing capabilities. We look forward to closing our acquisition of 1443904 B.C. Ltd. We will then aggressively pursue high-grade uranium on our underexplored, shallow target-rich, new projects covering over 250,000 acres in Saskatchewan," expressed Galen McNamara, chief executive officer of the company.

Fairfax Partners, a renowned consulting firm specializing in corporate development and growth strategies, has been selected by Angold to provide its expertise in managing investor relations and corporate development initiatives. With a demonstrated history of supporting companies with outreach initiatives such as social media, roadshows, webinars and more, Fairfax Partners will assume a pivotal role in shaping Angold's long-term strategic vision and continuing development.

As part of the arrangement, Fairfax Partners will be compensated with a monthly fee of $10,000 for an initial term of 12 months. The company is at arm's length from Fairfax Partners, and compensation payable to Fairfax Partners does not include any securities of the company.

About Angold Resources Ltd.

Angold is an exploration and development company targeting large-scale mineral systems worldwide. The company's assets include projects in gold projects Chile and uranium projects Canada. The Dorado project in Chile features a major porphyry-gold system where drill results include 302 metres at 0.71 gram per tonne gold. The Cordillera project in Chile is strategically located between two multimillion-ounce gold deposits and features multiple gold exploration targets. The uranium projects in Canada are prospective for high-grade uranium mineralization.

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