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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Comment by sharpenfocuson Sep 02, 2017 11:48am

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Post# 26650552

RE:news release

Posted: 01 Sep 2017 12:38 PM PDT

Antioquia Gold (AGD.v) filed to run a rights offering yesterday. Its shares price is C$0.10, there's around 300m shares out, around 70% of those are held by one entity (Infinita Prosperidad), it wants to raise a maximum of C$62.5m, Infinita says it will participate fully. This means:

AGD is moving to raise the money it needs t build its small gold mine.

It's looking for around 70% of that total, i.e. $44m

The terms of the rights offering are not known yet, but you can be sure that anyone holding this is about to be diluted to kingdom come unless they play along and invest more in the story.