viewAbzu Gold Ltd

Abzu Gold to raise $3 million to advance Nangodi gold project


Abzu Gold (CVE:ABS, OTCQX:ABZUF) announced a placing to raise up to $3 million to advance its Nangodi gold project and others in Ghana.

The fundraising will see Abzu sell up to 20 million units at $0.15 each.

Each unit consists of one company share and one half of one share purchase warrant.

Each warrant can be exchanged for a company share for two years from closing at $0.20 per share.

"The net proceeds of the offering are intended to be used by the company for the advancement of Abzu's Nangodi project and the company's other gold projects in Ghana, and for general corporate purposes," it said in a statement.

Abzu is working to exploit Ghana's world-class gold belts and has an interest in 16 concessions.

The firm is developing plans for a phase 2 drill programme on its two advanced flagship projects - Nangodi and Asafo.

In phase 1 the company hit high-grade gold mineralisation – up to 41.60 g/t gold in Nangodi and 62.20 g/t gold in Asafo.


Quick facts: Abzu Gold Ltd

Price: - CAD

Market: TSX-V
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Directa Plus 'captures attention' after years of thorough research, signing...

Directa Plus PLC's (LON:DCTA) Giulio Cesareo talks to Proactive London about the signing of a deal with NexTech Batteries, a Lithium Sulphur batteries firm based in Nevada. Cesareo explains the 'long journey' which began back in 2013 analysing opportunities in lithium batteries which are now...

37 minutes ago

2 min read