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To: Goose94 who wrote (6778)5/22/2014 11:06:35 AM
From: Goose94Respond to of 203329
 
AGG-V May 22, '14 - NR Sheldon Inwentash acquired ownership of 1.5 million common shares and 750,000 common share purchase warrants of African Gold Group Inc., representing approximately 1.4 per cent of the total issued and outstanding common shares of African Gold as of May 22, 2014, calculated on a partially diluted basis, assuming the exercise of the warrants only. As a result of this transaction, Mr. Inwentash and his joint actors collectively held, as at May 22, 2014, a total of 27,259,500 common shares of African Gold, including the common shares, and rights to acquire an additional 3.25 million common shares of African Gold upon the exercise of convertible securities. Of these totals, Mr. Inwentash owns only the common shares and warrants directly. In the event that the convertible securities are fully exercised, the holdings of Mr. Inwentash and his joint actors represents a total of 30,509,500 common shares of African Gold, or approximately 18.8 per cent of all issued and outstanding common shares as at May 22, 2014, calculated on a partially diluted basis, assuming the exercise of the convertible securities only.



To: Goose94 who wrote (6778)3/8/2017 3:42:19 AM
From: fringeRead Replies (1) | Respond to of 203329
 
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.