African Gold Group Inc. announces that Stephan Theron has resigned as Chairman and Director of the Company, effective immediately. African Gold Group would like to thank Mr. Theron for his contributions to the Company and wish him well with his future endeavours. About African Gold Group Inc. African Gold Group is a Canadian listed exploration and development company on the TSX Venture Exchange with its focus on [...]
African Gold Group. announces its intention to seek the necessary approvals to consolidate its common shares. The Company has called a special meeting of common shareholders for April 4, 2019 at 10:00 a.m. . The Meeting will be held at the Company’s head office at 65 Queen Street West, 8th floor boardroom, Toronto, Ontario M5H 2M5. AGG shareholders will be asked to consider and approve a share consolidation on the [...]
African Gold Group. announces that pursuant to an engagement agreement entered into with an arm’s length service provider of the Company , AGG has agreed to issue common shares of the Company at a deemed price of $0.05 per common share in full and final settlement of the amounts owing . $100,000 owed to the Service Provider would be settled and a total of 2,000,000 common shares would be issued which would represent [...]
African Gold Group. announces that it intends to complete a best efforts non-brokered private placement financing of up to 20,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $1,000,000.00 . 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 $0.05 for a [...]
African Gold Group. is pleased to provide diamond core drilling results from its Kobada gold project located in south eastern Mali, Africa . The five hole diamond drill program was designed to confirm and expand knowledge of existing shallow mineral resources, as well as explore down dip and along strike from known mineralization. The Kobada Project area in southern Mali Location of DD holes in relation to historical [...]
African Gold Group is pleased to provide drilling results from its Kobada gold project located in south eastern Mali. The drill program was designed to confirm and expand knowledge of existing shallow mineral resources, as well as explore down dip and along strike from known mineralization. The Company is also pleased to announce the engagement of DRA Global on a feasibility study gap analysis and renewal of its [...]
TORONTO, June 11, 2018 -- African Gold Group Inc. is pleased to announce the commencement of a Diamond Drill and RC Drill program at its Kobada project located southern Mali. . AGG has engaged the services of Geodrill, and drills were mobilized on site June 4th. The program will focus on two primary objectives of the known 4 km long mineralization: Location proposed drill holes at Kobada Kobada Project Area in Southern [...]
TORONTO, May 02, 2018 -- African Gold Group Inc. is pleased to announce plans for an exploration drill program at both the Kobada gold project located in Mali and the Madougou gold project located in Burkino Faso . Kobada Project The Board has approved a 10-hole, 1,120 meter diamond and reverse circulation drill program for the Kobada Project. As reported in the feasibility study undertaken on the Kobada Project in [...]
TORONTO, May 01, 2018 -- African Gold Group Inc. is pleased to announce the corporate and project updates set out below. The Company has appointed Mr. Malcolm Campbell as President and Chief Operating Officer , effective immediately. Mr. Campbell is a Professional Certified Mining Engineer. Mr. Campbell has 30 years extensive exploration and mining project experience across Africa, and spent more than 20 years with [...]
African Gold Group, Inc. announces that the binding letter of intent with Hummingbird Resources plc announced on September 27, 2017 has terminated and that all further negotiations regarding the execution of a definitive agreement for a strategic investment by HUM and ongoing joint development of the Company's Kobada gold project have ceased. The Company is in the process of engaging counsel to evaluate all of its legal [...]
African Gold Group, Inc. is pleased to announce that it has executed a binding letter of intent for the purchase by HUM of up to 19.9% of the common shares of AGG and the ongoing joint development of AGG's Kobada Gold Project . Financing On closing of the Transaction, HUM will purchase 40,000,000 units of AGG at a price of CDN$0.09 per Unit for gross proceeds to AGG of CDN$3,600,000, which, on closing will represent 10 [...]
TORONTO, ONTARIO--(Marketwired - Aug 10, 2017) - African Gold Group Inc. (TSX VENTURE:AGG) ("AGG" or the "Company") has granted a total of 12,275,000 stock options to certain officers, directors and consultants of the Company pursuant to the Company's stock option plan. The stock options vest immediately and may be exercised at a price of $0.06 per option for a period of five years from the date of grant. This grant of [...]
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