African Gold Group Announces Cancellation of Stock Options
June 14 2019 - 5:00PM
African Gold Group, Inc. (TSX-V: AGG)
(“
AGG” or the “
Company”)
announces that the Company has agreed with certain directors,
officers, consultants and employees of the Company to cancel an
aggregate of 1,500,002 stock options (the “
Cancelled
Options”) previously held by such directors, officers,
consultants and employees.
Under the Company’s rolling 10% stock option
plan (the “Plan”), the Company may grant up to an
aggregate of 4,821,102 stock options. Upon completion of the
cancellation, the Company will have 3,316,669 stock options
outstanding under the Plan, of which there are 266,667 stock
options exercisable at a price of $0.45 per common share expiring
on June 24, 2019 and 3,050,002 stock options exercisable at a price
of $0.225 per common share expiring on June 3, 2024.
About African Gold Group
African Gold Group is a Canadian listed
exploration and development company on the TSX Venture Exchange
(TSX V:AGG) with its focus on developing a gold platform in West
Africa. Its principal asset is the Kobada Project in southern Mali.
For more information regarding African Gold Group visit our website
at www.africangoldgroup.com.
For further information please
contact:
Stan Bharti Interim President and
Chief Executive Officer(416) 861 2267
Forward-Looking Statements
This press release contains "forward looking
information" within the meaning of applicable Canadian securities
legislation. Forward looking information includes, but is not
limited to, statements with respect to the future plans or
intentions of the Company. Generally, forward looking information
can be identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of
the Company to be materially different from those expressed or
implied by such forward-looking information, including but not
limited to: general business, economic, competitive, geopolitical
and social uncertainties; the actual results of exploration
activities; regulatory risks; risks inherent in foreign operations;
and other risks of the oil and gas industry. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
African Gold (TSXV:AGG)
Historical Stock Chart
From Mar 2024 to Apr 2024
African Gold (TSXV:AGG)
Historical Stock Chart
From Apr 2023 to Apr 2024