African Gold Group Inc. is pleased to announce that due to high demand for the non-brokered private placement of the Company announced on August 14, 2019, the Company is announcing a non-brokered private placement financing of up to 11,363,636 units at a price of $0.44 per Unit for gross proceeds of up to $5,000,000.00 . Each Unit will consist of one common share of the Company and one half of one common share purchase [...]
African Gold Group Inc. is pleased to announce that Minxcon Consulting Limited , has been awarded the contract to oversee and manage the upcoming diamond drilling campaign in order to confirm and add to the current resource. Minxcon is an Africa-focused advisory company, specializing in geological project management, mineral resource estimation, geological modelling and data validation. Minxcon oversaw the previous [...]
African Gold Group Inc. is pleased to announce that SENET Ltd, , has been awarded the contract to deliver an updated definitive feasibility study for the Kobada Gold Project . SENET is one of the leading project management and engineering firms in the field of mineral processing in Africa. It has delivered over 24 projects and studies in West Africa alone, and has a proven track record in taking projects from feasibility [...]
African Gold Group Inc. is pleased to announce that Daniyal Baizak has been appointed VP Corporate Development. Mr. Baizak will spearhead the ongoing business development efforts for AGG, seeking additional attractive growth opportunities, while the Company organically moves from a developer to producer. Mr. Baizak is a business consultant with considerable experience providing financial and strategic advice on mergers [...]
African Gold Group Inc. is pleased to announce that Danny Callow has agreed to join the Company as Chief Operating Officer. Mr. Danny Callow, over his more than 20-year mining career, has built an extensive track record developing and operating mines throughout Africa. Prior to joining AGG, Mr. Callow was Head of African Copper Operations for Glencore PLC , where he oversaw all Glencore copper operations in Africa [...]
African Gold Group Inc. is pleased to announce that Stan Bharti has agreed to join the Company as Chairman and Chief Executive Officer on a permanent basis. Previously Mr. Bharti was acting as Interim Chief Executive Officer. Mr. Bharti, through his affiliation with Forbes & Manhattan Inc. has built an impressive track record of success in the gold sector over the past 15 years, including: Desert Sun Mining, Jacobina Mine [...]
African Gold Group Inc. is pleased to announce it has closed its previously announced non-brokered private placement for gross proceeds of approximately $2.9 million . In connection with the Offering, the Company issued 13,999,191 units at a price of $0.21 per Unit. Each Unit consists of one common share of the Company and one common share purchase warrant , entitling the holder to acquire one additional regular common [...]
African Gold Group Inc. announces that the Company has agreed with certain directors, officers, consultants and employees of the Company to cancel an aggregate of 1,500,002 stock options previously held by such directors, officers, consultants and employees. Under the Company’s rolling 10% stock option plan , the Company may grant up to an aggregate of 4,821,102 stock options. Upon completion of the cancellation [...]
African Gold Group Inc. is pleased to announce that Mr. Stan Bharti has been appointed the chairman of the board of directors and interim President & CEO of the Company. Mr. Bharti is a professional engineer, international financier, and seasoned entrepreneur. He has more than 30 years of experience in business, finance, markets, and operations. He has amassed over $3 billion worth of investment capital for the companies [...]
African Gold Group Inc. is pleased to announce a non-brokered private placement financing of up to 23,809,500 units at a price of $0.21 per Unit for gross proceeds of up to $5,000,000.00 . Each Unit will consist of one common share of the Company and one common share purchase warrant, entitling the holder to acquire one additional common share of the Company at an exercise price of $0.30 for a period of 24 months from [...]
African Gold Group Inc. is pleased to announce that it has received final TSX Venture Exchange approval to complete its previously announced share consolidation. Effective at the opening on April 17, 2019, the common shares of AGG will commence trading on the TSX Venture Exchange on a consolidated basis of one new common share for every seven and a half old common shares. Prior to the share consolidation, AGG had [...]
African Gold Group Inc. announces that at the special meeting of the shareholders of the Company held on April 4, 2019, AGG shareholders have approved the share consolidation of the Company’s common shares on the basis of up to 7.5 existing common shares for each new common share of the Company . Of the votes cast by shareholders at the AGG special shareholder meeting, 99.32% voted in favor of the Consolidation. The [...]
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