Algold Resources Ltd. is pleased to provide an update with respect to its previously-announced conversion of debt into shares of the Corporation. As announced on July 12, 2019, Algold has agreed with certain creditors to convert a total of $6,025,000 in debt at a price of C$0.20 per Share, conditional upon Algold completing an equity financing in [...]
Algold Resources Ltd.announces the issuance, at a price of $0.19 each, of 179,920 common shares in exchange for services rendered and of 116,298 common shares in settlement of a debt in the amount of $22,097. These issuances remain subject to final approval of the TSX Venture Exchange. Algold Resources is focused on the exploration and development [...]
Algold Resources Ltd. is pleased to announce that it has received the final payment of $700,000 under the previously announced transaction under which Wafa Mining & Petroleum SA has acquired a 10% interest in Algold's Tirex subsidiary, owner of the Tijirit mining permit and gold development. Following receipt of the final payment, Algold is in the [...]
Algold Resources Ltd. announces the issuance, at a price of $0.09 each, of 378,069 common shares in exchange for services rendered and of 236,497 common shares in settlement of a debt in the amount of $21,285. These issuances remain subject to final approval of the TSX-V. Algold Resources Ltd. is focused on the exploration and development of gold [...]
Algold Resources Ltd. announces the issuance, at a price of $0.11 each, of 319,729 common shares in exchange for services rendered and of 206,668 common shares in settlement of a debt in the amount of $22,733. These issuances remain subject to final approval of the TSX-V. Algold Resources Ltd. is focused on the exploration and development of gold [...]
Algold Resources Ltd. announces the issuance, at a price of $0.13 each, of 268,460 common shares in exchange for services rendered and of 167,932 common shares in settlement of a debt in the amount of $21,831. These issuances remain subject to final approval of the TSX-V. Furthermore, the previously-announced transaction by which Kanosak Barbados [...]
Algold Resources Ltd. announces the granting of 1,844,317 deferred share units to its directors and officers. Each DSU was granted at a price of $0.22, the closing price of the Corporation's common shares on the TSX-V on March 29, 2019. These issuances were made under the Corporation's deferred share unit plan. Of the DSUs, 412,500 were granted to [...]
Algold Resources Ltd. wishes to amend the existing disclosure regarding its funding arrangement with Wafa Mining & Petroleum SA announced on July 13, 2018 and October 9, 2018. As previously announced, Wafa agreed to invest in Algold’s subsidiary, Société Tijirit Exploitation SA, a total of $4,200,000. That investment was in the [...]
Algold Resources Ltd. today provided an update on the ongoing activities at its Tijirit Gold Project in Mauritania. In Algold’s press release dated January 4, 2019, it was announced that the Mauritanian Ministry of Oil, Energy and Mines granted the Corporation a 12-month extension to complete the Tijirit Gold Project feasibility study. As the [...]
Algold Resources Ltd. today announced that the Mauritanian Ministry of Oil, Energy and Mines 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. This will allow the [...]
Algold Resources Ltd. is pleased to announce the granting of a total of 155,000 stock options to his directors. These grants were made in accordance with Algold's policies for directors. Each option expires after 10 years and is exercisable at a price of $0.45. One-third of the options vest immediately, with the remainder vesting in two equal [...]
Algold Resources Ltd. today announced the issuance of 250,835 common shares at a price of $0.58 each in settlement of a debt in the amount of $145,485. The Shares will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities law legislation. This transaction remains subject to final TSX [...]
