Georges Cohen

March 18, 2015 13:34 ET

Early Warning Report Issued Pursuant to National Instrument 62-103 in Respect of the Acquisition of Units of African Gold Group, Inc.

VANDOEUVRES, SWITZERLAND--(Marketwired - March 18, 2015) - In accordance with regulatory requirements, Georges Cohen (56 Route de Vandoeuvres, Vandoeuvres, Switzerland) announces that he has recently acquired 25,270,000 units of African Gold Group, Inc. (the "Company") at a price of $0.05 per unit. Each unit is comprised of one common share and one-half (1/2) common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company for a period of twenty-four (24) months at a price of: (i) $0.075 per common share for the first six (6) months and (ii) $0.10 per common share thereafter until the expiry date of the warrant.

Georges Cohen currently holds 25,270,000 common shares and 12,635,000 warrants of the Company, which represents 11.18% of the Company's currently outstanding common shares, and 15.89% of the Company's common shares on a partially diluted basis assuming full exercise of the warrants.

The securities acquired by Georges Cohen referred to above are held for investment purposes. In the future, he may increase or decrease his ownership of securities of the Company from time to time depending upon the business and future market conditions.

A copy of the early warning report filed pursuant to Regulation 62-103 may be obtained on www.sedar.com and from the person referred to below.

 

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