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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (6778)	3/8/2017 3:42:19 AM
From: fringe	Read Replies (1) of 203260

AGG Update stockwatch.com AFRICAN GOLD GROUP ANNOUNCES STRATEGIC INVESTMENT FROM FORBES & MANHATTAN & CORPORATE UPDATE African Gold Group Inc. has agreed to a private placement into the company, whereby Forbes & Manhattan Resources Inc. and certain other investors will subscribe to a private placement of units at a price of nine cents per unit for gross proceeds of up to approximately $7.0-million. The subscription price represents a premium of approximately 38.7 per cent to the last trading price of African Gold Group common shares on March 6, 2017. The net proceeds raised from the private placement will be used to advance the company's Kobada gold project in Mali and to bolster its working capital position. Each unit will comprise one common share and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of African Gold Group at a price of 12 cents per share for a period of 36 months from the date of closing. However, the warrant exercise period may be accelerated if the common shares of the company trade at 22 cents or higher for a period of 20 consecutive trading days.

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