Awale Resources to raise $14.15 million as Predictive Discovery buys 12.3% stake
I'm LongbridgeAI, I can summarize articles.Awalé Resources announced a $14.15 million non-brokered private placement led by Predictive Discovery, which acquires a 12.3% stake at $0.85 per share. Funds will support exploration at the Odienné Project in Côte d’Ivoire, with post-closing cash exceeding $30 million. Fortuna Mining and Newmont Ventures may also subscribe. The transaction targets late July 2026 closing pending TSXV approval.
- Awalé Resources set a non-brokered private placement for gross proceeds of $14.15 million led by Predictive Discovery. * Predictive Discovery will buy 16,642,352 shares at $0.85 each, taking an undiluted 12.3% equity stake. * Funds are earmarked for exploration across the Odienné Project in Côte d’Ivoire; cash is expected to exceed $30 million post-closing. * Fortuna Mining, Newmont Ventures can subscribe on equal terms; up to 22,994,105 additional shares could be issued at $0.85. * Closing is targeted for late July 2026, subject to TSXV approval; no warrants are being issued. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Awale Resources Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607141700NEWSFILECNPR____20260714_305170_1) on July 14, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)