African Gold Group (CVE:AGG) CEO Danny Callow catches up with Proactive's Katie Pilbeam to discuss what is shaping up to be a 'transformative 2021'. Callow explains the previously-announced non-brokered private placement financing for gross proceeds of C$4,637,421.75.
The proceeds from the oversubscribed offering will be used to continue exploration activities at its flagship Kobada Gold Project while targeting an increase in resources and reserves in the near term.
African Gold Group is focused on the development of the Kobada Gold Project located in Southern Mali, a low capital and low operating cost gold project with the potential to produce more than 100,000 ounces of gold per annum with over 10+ mine life.