Abzu Gold announces that, further to its news release of July 23, 2012, it has adjourned its Special Meeting of Shareholders that was to be held on September 6th as a result of its ongoing negotiations with Stonehouse Construction regarding the terms of SHC's strategic investment in the Company.
Abzu Gold has revised the terms of its non-brokered private placement financing announced July 17. Each unit shall consist of one common share of the Company and one Share purchase warrant. Each Warrant shall be exercisable into a Share for a period of 12 months from closing at an exercise price of $0.20. All other terms of the financing will [...]
Abzu Gold is pleased to announce it has signed a strategic investment proposal with Stonehouse Construction Pte Ltd ("SHC"). Pursuant to the Proposal and subject to completion of due diligence by SHC and TSX Venture Exchange and shareholder approval, SHC will purchase 16,666,667 units of Abzu for $0.15 per Unit. Each Unit will consist of one common [...]
Abzu Gold is pleased to announce that it will conduct a non-brokered private placement to sell up to 20,000,000 units of the Company at a price of $0.15 per unit for gross proceeds of up to $3,000,000. Each Unit shall consist of one common share of the Company and one half of one common share purchase warrant. Each Warrant shall be exercisable into [...]
Abzu Gold is pleased to announce, pursuant to the provisions of its 2010 Incentive Stock Option Plan, the Board of Directors has approved the grant of incentive stock options to Mr. Timothy McCutcheon in connection with his appointment as CEO of the Company to purchase up to an aggregate of 500,000 common shares in the capital stock of the Company [...]
In an initiating coverage research report on Abzu Gold, Toronto-based Ubika Research points out that the miner's stock is "steeply discounted" and calculates a Ubika Model Price (UMP) of $1.08/share, 414% higher than the $0.21 close on May 7, 2012. Abzu, which has several projects in Africa's second largest and the most mining-friendly nation [...]
Abzu Gold is pleased to announce that Mr. Tim McCutcheon has been appointed as CEO and Director of the Company, effective immediately. Tim McCutcheon is a finance professional with over 16 years in international business experience, primarily in the precious metals sector in Eurasia. Most recently he was CEO of Ovoca Gold PLC, a London-listed [...]
Abzu Gold announced today results from an additional ten (10) drill holes at its Nangodi Gold Property in Ghana. Results continue to confirm the presence of significant gold mineralization along the 1,200 metres of the Nangodi system tested to date. The system remains open in all directions. The next phase of drilling at Nangodi is scheduled for [...]
Abzu Gold is pleased to announce the latest results from all or parts of twelve (12) drill holes at its Nangodi Property in Ghana where a twenty seven (27) hole initial drill program has recently been completed. Results confirm the presence of a significant gold bearing shear system hosting multiple zones of gold mineralization over a strike [...]
Abzu Gold is pleased to announce that initial drill results confirm the presence of and extend a broad gold mineralized system on the Company's Nangodi Project, Bole-Nangodi Gold Belt, in northern Ghana. Multiple higher-grade gold intercepts occur and define a high-grade gold zone varying from 1 to 15 metres wide with values ranging up to 41.6 g/t [...]
Abzu Gold is pleased to announce the discovery of a new mineralized zone on its 100% owned Asafo concession located along the eastern margin of the Kibi Belt. The new discovery is centered on drill hole ASDD08 which returned 4.72 g/t gold over 20.00 metres at a vertical depth of only 28 metres. The Asafo Phase 1 drill program tested portions of an [...]
