Inflection Resources Ltd. press release
Inflection Resources Completes Share Issuance to AngloGold Ashanti
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(TheNewswire)
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Vancouver, British Columbia - TheNewswire - April 1, 2025 : Inflection Resources Ltd. (CSE: AUCU / OTCQB: AUCUF / FSE: 5VJ) (the "Company" or "Inflection") is pleased to announce it has issued 11,133,399 common shares in the capital of the Company to AngloGold Ashanti Holdings plc, (“AngloGold Ashanti”) (NYSE: AU / JSE: ANG) as consideration for the completion of AUD10,000,000 in Phase I Expenditures on the Company’s New South Wales properties in Australia, pursuant to the Exploration Earn-in Agreement with an affiliate of AngloGold Ashanti announced on June 14, 2023 .
Subsequent to the share issuance, AngloGold Ashanti holds a 9.9% equity interest in the Company. The Company currently has 112,458,569 common shares issued and outstanding (119,283,569 common shares on a fully diluted basis).
On behalf of the Board of Directors
Alistair Waddell
President and CEO
alistair@inflectionresources.com
For further information, please contact:
Brennan Zerb Investor Relations Manager +1 (778) 867-5016
bzerb@inflectionresources.com
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