Original News Release
Angel Wing sells Quartz Lake assets, reviews properties
Mr. Marc Prefontaine reports
ANGEL WING SELLS ONTARIO QUARTZ LAKE CLAIMS TO KENORLAND, ADVANCES CORPORATE STRATEGY
Angel Wing Metals Inc. has successfully sold some non-core assets in Northwestern Ontario to Kenorland Minerals Ltd. The company has sold its remaining 46 mineral claims in the Birch Uchi belt of Northwestern Ontario, known as the Quartz Lake claims, to Kenorland for a cash consideration of $100,000. Full payment was received upon signing of the agreement.
This strategic transaction streamlines Angel Wing Metals' portfolio, allowing the company to focus its resources for future growth initiatives.
"The sale of our Quartz Lake claims to Kenorland Minerals represents a positive step in optimizing our asset base and strengthening our financial position," stated Marc Prefontaine, chief executive officer of Angel Wing Metals.
Corporate update
Angel Wing Metals has undertaken a strategic review of all of its properties, including, but not limited to identifying a suitable joint venture partner for its prospective La Reyna project in Mexico. The company is also diligently reviewing new mineral exploration projects globally to expand its portfolio and drive future growth.
Angel Wing Metals is committed to sustainable and responsible exploration and business activities in line with industry best practices, supportive of all stakeholders, including the local communities in which the company operates.
We seek Safe Harbor.
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