AGD Antioquia Gold Inc

Antioquia Gold Inc. (the "Company") (TSX VENTURE:AGD)(OTCQX:AGDXF) is pleased to
announce the first tranche closing of its previously-announced non-brokered
private placement (the "Offering"), raising aggregate gross proceeds of $150,500
via the issuance of 4,300,000 common shares at a price of $0.035 per common
share. The Company is pleased to report that it has received great interest for
the Offering and expects that the remainder of the Offering amount (being
$349,500) will be subscribed for in the next week. All of the proceeds from the
first tranche closing will be used by the Company to pay a portion of its
current outstanding payables. 


The Offering is subject to receipt of all necessary regulatory approvals.

About Antioquia Gold Inc. 

Antioquia Gold has been exploring for precious metals in Colombia since 2007
where its current holdings are close to 40,000 hectares located throughout
Colombia. Antioquia's principal asset, which is being actively explored, is its
5,630 hectare Cisneros Project, located 55 km northeast of Medellin in the
Department of Antioquia, Colombia. At the Cisneros Project the Company has
conducted extensive geochemical and geophysical programs over the entire
property and has identified to date eleven (11) exploration zones. On the
original discovery zone it has drilled over 45,000 metres and is well versed in
the understanding of the deposit type and the project's path to resource
definition and production.


On behalf of Antioquia Gold Inc.  

Fernando Jaramillo, President & CEO 

READER ADVISORY 

Statements in this press release may contain forward-looking information
including statements regarding subscriptions for the Offering and expected
timing of any future closings. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to be
forward-looking statements. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be incorrect. Events
or circumstances may cause actual results to differ materially from those
predicted, as a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company. Factors that
could cause the actual results to differ materially from those in
forward-looking statements include the continued availability of capital and
financing and general economic, market or business conditions in North America
and in South America. The reader is cautioned not to place undue reliance on any
forward-looking information. There can be no assurance that the proposed private
placement will be completed, that exploration programs in Indonesia or other
project acquisitions will be completed or, if completed, will be successful.


The forward-looking statements contained in this press release are made as of
the date of this press release, and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by securities law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Antioquia Gold Inc.
www.antioquiagoldinc.com

Antioquia Gold (TSXV:AGD)
Historical Stock Chart
From Apr 2024 to May 2024

Antioquia Gold (TSXV:AGD)
Historical Stock Chart
From May 2023 to May 2024