Source: African Gold Group.
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  • African Gold Group (AGG) has upsized its non-brokered private placement for gross proceeds of up to C$5,000,000
  • The company will issue up to 35,714,286 units at a price of C$0.14 per unit
  • African Gold reserves the right to accelerate the expiry date of the warrants
  • Net proceeds will be used to advance its flagship Kobada Gold Project in Southern Mali and to continue to pursue corporate options
  • African Gold Group is an exploration and development company
  • African Gold Group Inc. (AGG) opened trading at C$0.155 per share

African Gold Group (AGG) has upsized its $3.5M non-brokered private placement for gross proceeds of up to C$5,000,000.

The company will issue up to 35,714,286 units at a price of C$0.14 per unit. Each unit will consist of one common share and one half of one common share purchase warrant.

Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.25 for a period of 24 months.

African Gold reserves the right to accelerate the expiry date of the warrants.

Net proceeds will be used to advance its flagship Kobada Gold Project in Southern Mali and to continue to pursue corporate options.

The offering is expected to close on or about November 8, 2021, pending receipt of TSX approval. All securities issued will be subject to a statutory hold period of four months and one day.

African Gold Group is an exploration and development company with a focus on building Africa’s next mid-tier gold producer.

African Gold Group Inc. (AGG) opened trading at C$0.155 per share.

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