Angel Wing Metals Inc. announces that it intends to increase the size of its previously announced non-brokered private placement to up to 40,000,000 units at a price of $0.05 per unit for gross proceeds up to $2,000,000.
Greg McKenzie, President and CEO, commented: “Our Phase 1 & 2 high-grade drill results demonstrate the Norte-Sur Zone extends at least 180 metres below the previous mined stopes, with excellent lateral continuity, and remains open at depth.”
The Company has appealed the decision to the Collegiate Court on the basis that the Chamber had erroneously found that the DGM had complied with mandated cancellation procedures and, therefore, it violated the Company’s fundamental rights such as due process and effective judicial protection.
Heliostar CEO, Charles Funk, commented, “Despite regularly seeing wide, high-grade gold intercepts, Ana Paula continues to surprise us with its gold grades within the deposit.”
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