ALGOLD RESOURCES INC. ("ALG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 6, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to a share purchase agreement among Algold Resources Inc., Kanosak (Barbados) Ltd. and Pan African Oil Ltd. (formerly Gondwana Gold Inc.) ("Pan African") dated April 2, 2013, as amended on June 6, 2013, June 26, 2013, July 5, 2013, August 19, 2013 and October 1, 2013, in connection with the acquisition of all of the issued and outstanding shares of LMZ Gold Burkina SARL, which holds exploration and mining rights in Burkina Faso, Africa.
The consideration payable to Pan African consists in the issuance of up to 8,000,000 common shares of the Company of which 2,000,000 shares will be issued at closing, 3,000,000 common shares will be issued upon the release of one or more mineral resource estimates evidencing a minimum of 1,000,000 ounces of gold in any category of mineral resources and 3,000,000 common shares will be issued upon the issuance of a bankable feasibility study. The Company has also agreed to make a cash payment of $30,000 in favour of Pan African.
Please refer to the Company's press releases dated April 3, 2013, May 24, 2013 and January 28, 2014, for more information.
LES RESSOURCES ALGOLD LTEE (" ALG ")
TYPE DE BULLETIN : Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN : Le 6 fevrier 2013
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de la documentation relativement a une convention d'achat d'action entre Les ressources Algold ltee, Kanosak (Barbados) Ltd. et Pan African Oil Ltd. (anciennement Gondwana Gold Inc.) (" Pan African ") datee du 2 avril 2013, telle qu'amendee le 6 juin, 26 juin, 5 juillet, 19 aout et 1 octobre 2013, relativement a l'acquisition de toutes les actions emises et en circulation de LMZ Gold Burkina SARL, laquelle societe detient des droits miniers et d'exploration au Burkina Faso, en Afrique.
La consideration payable a Pan African consiste en l'emission d'un maximum de 8 000 000 d'actions ordinaires de la societe, dont 2 000 000 d'actions a la cloture, 3 000 000 d'actions ordinaires lors de l'annonce d'une evaluation de ressources demontrant un minimum de 1 000 000 d'onces d'or dans toute categorie de ressources minerales et 3 000 000 d'actions ordinaires lors de d'emission d'une etude de faisabilite bancaire. La societe a aussi accepte de faire un paiement en especes de 30 000 $ a Pan African.
Veuillez-vous referer aux communiques de presse emis par la societe les 3 avril et 24 mai 2013 et le 28 janvier 2014, pour de plus amples renseignements.
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