On February 24, 2021, African Gold Group, Inc. (TSXV:AGG) closed the transaction. The company issued 30,916,145 units for gross proceeds of CAD 4,637,421.75 in the transaction. The transaction included participation from certain directors and officers of the company for a total of 1,166,667 units. The warrants are exercisable until February 24, 2023. The company has paid aggregate finder’s fees of CAD 115,757.50 in cash and issued 776,832 finder’s warrants to certain finders. Each warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.15 for a period of 24 months from the date of the closing. All securities issued are subject to a statutory hold period ending on June 25, 2021. The transaction was over-subscribed. TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction includes participation from 39 placees including Jan Erik Back Independent Vice Chairman for 500,000 shares, Callow Danny, Chief Executive Officer, President & Director for 500,000 shares and Scott Eldridge, Independent Non-Executive Chairman for 166,667 shares. The company paid finder's fees of CAD 41,875 to BlackBridge Capital Management Corp and 279,167 warrants, CAD 2,000 to Sprott Capital Partners and 13,333 warrants, CAD 10,000 to EAS Advisors LLC and 66,666 warrants, CAD 1,500 to RF Securities Clearing Inc and 10,000 warrants, CAD 17,500 to Canaccord Genuity Corp and 116,666 warrants, CAD 27,507.50 to Hampton Securities and 183,500 warrants and CAD 15,375 to Haywood Securities Inc. and 107,500 warrants.