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Category Archives: News Releases

AGG ENTERS BINDING LOI WITH HUMMINGBIRD RESOURCES FOR STRATEGIC INVESTMENT AND JOINT DEVELOPMENT OF THE KOBADA GOLD PROJECT

Published October 11, 2017.

AGG ENTERS BINDING LOI WITH HUMMINGBIRD RESOURCES FOR STRATEGIC INVESTMENT AND JOINT DEVELOPMENT OF THE KOBADA GOLD PROJECT • Hummingbird Resources plc (“HUM”) to acquire up to 19.9% of AGG for $8M • NI 43-101 Definitive Feasibility Study (“DFS”) for Kobada Gold Project to be undertaken under the oversight of a joint Technical Committee • […]

African Gold Group (AGG) Acquires Option on the Highly Prospective Madougou Gold Project in Burkina Faso

Published June 21, 2017.

TORONTO, ONTARIO–(Marketwired – June 21, 2017) – African Gold Group, Inc. (TSX VENTURE:AGG) (“AGG” or the “Company”) is pleased to announce that it has completed the acquisition of all of the issued and outstanding shares of 2515232 Ontario Inc. (“PrivateCo”) (the “Transaction”) which owns an option to acquire the Madougou gold project (the “Madougou Project”). The […]

Forbes & Manhattan backs African Gold Group

Published June 16, 2017.

(The Northern Miner – June 16, 2017) As part of a private placement in March, Forbes & Manhattan Resources Inc., along with several other investors, including company insiders, took a 17% stake in a junior exploration company with a gold project in Mali near the border with Guinea called African Gold Group (TSXV: AGG). Forbes also appointed […]

African Gold Group Closes Strategic Investment and Announces Board and Management Additions

Published April 26, 2017.

TORONTO, ONTARIO–(Marketwired – April 25, 2017) – African Gold Group, Inc. (TSX VENTURE:AGG) (“AGG” or the “Company”) is pleased to announce that it has completed the previously announced financing whereby certain strategic investors and certain insiders of AGG have subscribed to a private placement of 74,827,188 units (the “Units”) at a subscription price of C$0.09 […]

African Gold Group Announces Strategic Investment from Forbes & Manhattan & Corporate Update

Published March 8, 2017.

TORONTO, ONTARIO–(Marketwired – March 6, 2017) – African Gold Group, Inc. (TSX VENTURE:AGG) (“AGG” or the “Company”) is pleased to announce that is has agreed to a private placement into the Company whereby Forbes & Manhattan Resources Inc. (“Forbes”) and certain other investors who will subscribe to a private placement of units (the “Unit”) at […]

African Gold Group Featured on MetalsNews.com

Published February 23, 2016.

Dear Investors, We wish to bring your attention to Dr. Allen Alper’s article in this week’s MetalsNews.com newsfeed. “African Gold Group (TSX: AGG) is currently advancing the Kobada gold project located in Mali, with a completed economic assessment and plans to pursue equity and debt financing. Data indicates that the Kobada Gold project will have a low […]

Declan Franzmann – President and CEO, Q & A With MAGIC

Published January 12, 2016.

As part of continuing research being conducted by Global Business Reports (GBR), Declan Franzmann, President & CEO of the African Gold Group had a question & answer session with Mining In Africa Country Investment Guide (MAGIC). About MAGIC Global Business Reports (GBR) and African Mining Indaba LLC is a partnership for the production of a comprehensive […]

African Gold Group, Inc. Announces Sale Of Ghanian Assets For US $1,200,000

Published January 6, 2016.

Toronto, Ontario – African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company“) is pleased to announce that it has entered into a transaction with respect to the sale of AGG Ghana Limited (AGG Ghana), the Company’s 100% owned Ghanaian subsidiary. All of the Company’s assets in Ghana are held in AGG Ghana. The sale of the […]

African Gold Group, Inc. Announces Update Of Kobada Mineral Resource & Status Of Feasibility Study

Published November 19, 2015.

African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce the update of the Mineral Resource and provide a general update of progress on the Feasibility Study for the Kobada Gold Project. SUMMARY Above a cutoff grade of 0.3g/t Au, the Measured and Indicated (M&I) Mineral Resource was estimated to be […]

African Gold Group, Inc. Announces Metalurgical Test Work Confirms High Gold Recovery and Low Cost Process Flow Sheet

Published October 28, 2015.

(TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce the results of metallurgical test work and provide an update on the progress of the feasibility study. METALLURGICAL UPDATE The company completed additional metallurgical test work at Gekko Systems facilities in Ballarat and Bureau Veritas in Perth, Australia, as part of the Feasibility Study process. […]

African Gold Group Announces Closing Of Private Placement

Published September 3, 2015.

African Gold Group, Inc. (TSX VENTURE:AGG) (“AGG” or the “Company“) is pleased to announce that it has completed a non-brokered private placement offering (the “Offering“) raising gross proceeds of CDN$1,231,171.40. The Offering consisted of 24,623,428 Units (the “Unit“) at a price of $0.05 per Unit. Each Unit is comprised of one common share and one […]

African Gold Group Extends the Expiry Date of Certain Outstanding Common Share Purchase Warrants for One Year

Published August 21, 2015.

African Gold Group, Inc. (TSX VENTURE:AGG) (“AGG” or the “Company“) announces that the TSX Venture Exchange (the “Exchange“) has consented to the Company’s application to extend the expiry date of certain of its outstanding common share purchase warrants (the “Warrants“). Consent was given to extend the term of 10,714,428 Warrants with an exercise price of […]

AGG Announces Grant of Kobada Mining License And Corporate Update

Published August 5, 2015.

African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce the Company has received a mining license for the Kobada Gold Project, located in Mali, West Africa on July 31, 2015 (“Kobada” or the “Project”). This is a very significant milestone in the development of Kobada to a producing gold mine and […]

AGG Announces Election of Mr. Georges Cohen to Board of Directors & Reports Results of AGM

Published July 8, 2015.

African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”)is pleased to announce the appointment of Mr. Georges Cohen to its Board of Directors, effective June 22, 2015. Mr. Cohen is past President and CEO of the most important subsidiary of Europe’s largest multinational IT services company, Cap Gemini, headquartered in Paris France. Mr. Cohen was […]

African Gold Group, Inc., Announces Granting Of Environmental Approval For The Kobada Gold Project

Published June 4, 2015.

On June 2, 2015, African Gold Group Inc. received the environmental approvals for a mining operation at its 100-per-cent-owned Kobada gold project, located in Mali, West Africa. This is an important milestone in the development of Kobada as the granting of the environmental approval is the penultimate step that precedes the granting of the actual […]

Management’s Discussion And Analysis Of Financial Condition And Results Of Operations For The Year Ended December 31, 2014

Published April 30, 2015.

Introduction This Management Discussion and Analysis (“MD&A”) is an explanation through the eyes of management, of how African Gold Group, Inc. (the “Company” or “AGG”) performed during the periods covered by the audited consolidated financial statements filed concurrently with this MD&A, and of AGG’s financial condition and future prospects. The MD&A covers the year ended […]

AGG CEO To Take Part In Prestigious Panel: Doing Business in Mali – Mining Forum

Published February 4, 2015.

AGG is pleased to advise that The Malian Ministry of Mines has extended an invitation to Mr. Declan Franzmann, President & CEO, African Gold Group, Inc., to be part of a prestigious panel of presenters that will discuss doing business and investing in Mali during the annual Africa Mining Indaba Conference. MineAfrica is pleased to […]

African Gold Group Closes Non-brokered Private Placement For Gross Proceeds Of $1.65m

Published January 15, 2015.

African Gold Group, Inc. (TSX V: AGG) (“AGG” or the “Company”) is pleased to announce the closing of a non-brokered private placement offering (the “Offering”). The Offering consisted of 33,165,006 Units (the “Unit”) at a price of $0.05 per Unit for gross proceeds of $1,658,250.30. Each Unit is comprised of one common share and one-half (1/2) of one common share […]

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