Antioquia Gold Inc AGDXF

Metals & Mining Gold

Antioquia Gold Inc. is a Canada-based company gold exploration and development company. The Company’s primary focus is the operation of its Cisneros underground gold mine located outside Medellin Colombia. The Company’s flagship project is Cisneros project in Antioquia, Colombia. The project is located in the central portion of the department of Antioquia, roughly 55 km northeast of Medellin. The project is comprised of 10 concessions totaling 5,630 hectares. The project hosts a structurally controlled mesothermal lode gold system. The Company’s exploration projects in the vicinity include AngloGold Ashanti/ B2Gold (Gramalote Project), Colombian Mines/Arturus Ventures (Nus Project), Sol Vista (Guatalupe Project), Red Eagle (Pavo Real Project) and CuOro (Santa Elena Project). The Company’s subsidiaries include Antioquia Gold Ltd., AGD Colombia (branch of AGD Barbados), and Ingenieria y Gestion del Territorio S.A.

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Antioquia Gold Inc

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Post by satupleon Oct 03, 2016 9:13am

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Post# 25301337

Shares for debt plan

I just read this news (being on AGD news e-mail list doesn't seem to work anymore for me). AGD is selling shares to its major shareholder at just 6.75 c each. Why not sell them in the market (slowly) at a much higer price? Or why not open the market to receive some bids and obtain a better price? This way they wouldn't have to pay lots of money to those companies that arrange this tipe of transactions.

https://www.antioquiagoldinc.com/s/news.asp?ReportID=765789

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