On November 8, 2021, African Gold Group, Inc. closed the transaction. The company issued 36,744,285 units for gross proceeds of CAD 5,144,200 in an oversubscribed round of funding. The transaction included participation from 23 placees. The company has paid aggregate finder's fees of CAD 272,000 in cash and 1,021,999 finder?s warrants to to Haywood Securities, Stephen Avenue Securities Inc., PI Financial Corp., Canaccord Genuity Corp.Canada, Canaccord Genuity Australia Ltd., Leede Jones Gable Inc., Odeon Capital Group LLC and Geo Resource Management LLC. Each finder's warrant entitles its holder to acquire one common share of the company at a price of CAD 0.25 per common share for a period of two years. Each finder warrant will entitle the holder thereof to purchase one common share at a price of CAD 0.25 for a period of 24 months from the date of the closing of the offering. All securities issued under the offering are subject to a statutory hold period ending on March 8, 2022. The company has received acceptance for filing documentation from TSX Venture Exchange with respect to this transaction.