VANCOUVER, BC, July 9, 2020 /CNW/ - Awalé Resources Limited. (TSX.V: ARIC) (the "Company" or "Awalé") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") of 44,417,440 Units at a price of $0.07 cents per Unit, raising gross proceeds of $3,109,222. Each Unit consists of one common share of the Company and one share purchase warrant entitling the holder to acquire one additional common share at a price of $0.14 cents until expiry on July 8, 2023.