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Pan African Oil Ltd
Symbol C : PAO
Shares Issued 58,299,497
Close 2014-01-13 C$ 0.065
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Pan African Oil, Algold Resources property agreement
2014-01-14 17:46 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation relating to a share purchase agreement dated April 2, 2013, between Algold Resources Ltd. (formerly Kanosak Capital Venture Corp.), Kanosak (Barbados) Ltd. and Pan African Oil Ltd. (formerly Gondwana Gold Inc.), as amended. Pursuant to the agreement, the company shall sell 100 per cent of the shares of LMZ Gold Burkina SARL to Algold.
As consideration, Algold shall pay $30,000 and issue up to eight million shares to the company.
For more information, refer to the company's news releases dated April 3, 2013, and May 24, 2013.