VANCOUVER, BC , Jan. 30, 2023 /CNW/ - Awalé Resources Limited (" Awalé " or the " Company ") (TSXV: ARIC) – is pleased to announce that it has entered into an agreement with Beacon Securities Limited (" Beacon " or the " Agent "), as sole agent in connection with a best efforts private placement of up to 9,678,000 units of the Company (the " Units ") at a price of $0 .155 per Unit (the " Issue Price ") for aggregate gross proceeds to the Company of up to $1,500 ,090 (the " Offering "). Each Unit shall consist of one common share in the capital of the Company (a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant will be exercisable to acquire one Common Share (a " Warrant Share ") for a period of 36 months following the closing of the Offering at a price of $0.25 per Warrant Share.