|Bid||0.1550 x 0|
|Ask||0.1650 x 0|
|Day's Range||0.1550 - 0.1600|
|52 Week Range||0.1500 - 1.2500|
|Beta (3Y Monthly)||-0.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.60|
ALGOLD RESOURCES LTD. (TSXV: ALG – “Algold” or the “Corporation”) wishes to amend the existing disclosure regarding its funding arrangement with Wafa Mining & Petroleum SA (“Wafa”) announced on July 13, 2018 and October 9, 2018. As previously announced, Wafa agreed to invest in Algold’s subsidiary, Société Tijirit Exploitation SA (“Tirex”), a total of $4,200,000. In consideration of the value received from Wafa in connection with the Advance, Algold agreed to issue to Wafa, as bonus shares, 883,747 common shares of Algold (the “Shares”) and transfer to Wafa a 10% interest in Tirex (the “Tirex Interest”), upon full receipt.
In Algold’s press release dated January 4, 2019, it was announced that the Mauritanian Ministry of Oil, Energy and Mines (the “Ministry”) granted the Corporation a 12-month extension to complete the Tijirit Gold Project feasibility study. As the additional time provides for ample opportunity for further exploration, a Phase V drilling program is being planned. The program will focus on increasing resources at Eleonore by targeting the down-dip and down-plunge extension of the high-grade gold intersection, as well as better defining the potential of Eleonore East and Salma zones.
ALGOLD RESOURCES LTD. (TSXV: ALG – “Algold” or the “Corporation”) today announced that the Mauritanian Ministry of Oil, Energy and Mines (the “Ministry”) has granted a 12-month extension to the Corporation for the completion of the Tijirit Gold Project feasibility study. At Algold’s request, the Government of Mauritania granted an extension for the delivery of the feasibility study. The feasibility study was originally scheduled for completion by the end of 2018.
ALGOLD RESOURCES LTD. (ALG.V) ("Algold" or the "Corporation") announced today that it has entered into low-dilution funding agreements totalling $9.2M (C$12M). Algold and one of its major shareholders, Wafa Mining & Petroleum SA ("Wafa"), a subsidiary of Wafa Holding, have signed a non-binding term sheet for an investment by Wafa, under which Wafa will acquire a 10% interest in the Corporation`s Tirex subsidiary, owner of the Tijirit mining permit and gold development project (the "Investment"), as well as a subscription (the "Subscription") by Wafa for 8,837,472 common shares of Algold at a price of C$0.10 per Share, for a total amount of $4.2M in cash.
MONTREAL, July 05, 2018 (GLOBE NEWSWIRE) -- ALGOLD RESOURCES LTD. (TSX-V:ALG) (the "Corporation") today announced that it has filed a technical report entitled Technical Report for the Preliminary ...
Results Include 19.4 g/t Au Over 5 Meters and 1.9 g/t Au Over 44 Meters MONTREAL, June 21, 2018 (GLOBE NEWSWIRE) -- ALGOLD RESOURCES LTD. (TSXV:ALG) (the "Corporation") today announced preliminary ...
Trenching and Drilling Ongoing at Eleonore Montreal, Canada, June 07, 2018 - ALGOLD RESOURCES LTD. (TSXV: ALG - "Algold" or the "Corporation") today announced assay results from a trenching ...
Government of Mauritania confirms its continued support as Algold`s Partner in Tijirit MONTREAL, May 22, 2018 (GLOBE NEWSWIRE) -- ALGOLD RESOURCES LTD. (TSXV:ALG) ("Algold" or the "Corporation") ...