VANCOUVER, Dec. 29, 2020 /CNW/ - Angold Resources
Ltd. (TSXV: AAU) (FRA: 13L1) ("Angold" or
the "Company") has received final approval from the TSX
Venture Exchange (the "TSX-V") and the Company's common shares will
commence trading on the TSX–V on December
31, 2020, under the symbol AAU. This follows the successful
closing of the amalgamation and reverse takeover of ZTR Acquisition
Corp. by Federal Gold Corp. on December 21, 2020, and
subsequent name-change to Angold Resources Ltd.
Angold's CEO, Mr. Adrian
Rothwell, stated: "We are thrilled to begin trading on
the TSX-V and be alongside some of the world's leading exploration
resource companies. With funding completed, we will commence
evaluation of data available for the Uchi Property and have begun
mobilizing drills at Dorado to complete up to 5,000 m of drilling. We are looking
forward to an exciting 2021."
The Company's Dorado Project comprises 14,770 ha of exploration
and exploitation claims in the Maricunga Belt of Chile, approximately 135 km east of Copiapo
with good access to infrastructure. Dorado is a gold bearing
dioritic porphyry with a historic resource, and 9,333 m of
historic confirmed drilling demonstrating gold in oxides and
sulphides at depth and multiple targets for exploration.
For further information concerning the Company and its business,
please see the filing statement dated December 18, 2020 supporting its application for
listing on the TSX-V. A copy of the filing statement was filed
under the company's profile on SEDAR.
About Angold
Angold is an exploration and development
company targeting large-scale mineral systems in the proven
districts of the Maricunga, Nevada
and Ontario. Angold owns a 100%
interest in the Dorado, Cordillera and South Bay-Uchi projects, and
certain claims that append the optioned Iron Butte project.
ON BEHALF OF THE BOARD OF ANGOLD RESOURCES LTD.
"Adrian Rothwell"
Chief Executive Officer
Further information on Angold can be found on the
Company's website at www.angoldresources.com and at www.sedar.com,
or by contacting the Company by email at
investors@angoldresources.com or by telephone at (866) 852
8719.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking Statements: This news release
contains forward-looking statements and forward-looking information
within the meaning of applicable securities laws. These statements
relate to future events or future performance and includes
expectations of the resumption of trading of the Company's common
shares on the Exchange. All statements other than statements of
historical fact may be forward-looking statements or information.
Forward-looking statements and information are often, but not
always, identified by the use of words such as "appear", "seek",
"anticipate", "plan", "continue", "estimate", "approximate",
"expect", "may", "will", "project", "predict", "potential",
"targeting", "intend", "could", "might", "should", "believe",
"would" and similar expressions. Forward-looking statements and
information are provided for the purpose of providing information
about the current expectations and plans of management of the
Company relating to the future. Readers are cautioned that reliance
on such statements and information may not be appropriate for other
purposes, such as making investment decisions. Since
forward-looking statements and information address future events
and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results could differ materially from
those currently anticipated due to a number of factors and risks.
These include, but are not limited to, the risks associated with
the resumption of trading of the Company's common shares on the
Exchange. Accordingly, readers should not place undue reliance on
the forward-looking statements, timelines and information contained
in this news release.
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SOURCE Angold Resources Ltd.