By Sheri Kasprzak
New York, April 4 - African Gold Group, Inc. has closed a C$4,129,000 portion of an ongoing non-brokered private placement.
The company issued 2,064,500 shares at C$2.00 each.
The company intends to raise up to C$8 million from the offering, which priced March 20.
Proceeds will be used for continuing programs on the company's Ghana and Mali gold concessions and for a diamond drill program at Kobada, Mali.
African Gold, based in Toronto, is a gold exploration company.
| Issuer: | African Gold Group, Inc.
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| Issue: | Stock
|
| Amount: | C$4,129,000
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| Shares: | 2,064,500
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| Price: | C$2.00
|
| Warrants: | No
|
| Settlement date: | April 4
|
| Stock symbol: | TSX Venture: AGG
|
| Stock price: | C$2.15 at close April 4
|
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