Gold junior African Gold Group (AGG), which is proposing a 100 000 oz/y mine in Mali, on Thursday announced a C$5-million nonbrokered private placement, on top of the C$3-million placement announced last week.
The company announced the new placement, consisting of 11 363 636 units at C$0.44 an unit, after having received “high demand” for its private placement announced on August 14.