Waraba Gold Limited is pleased to announce the commencement of a new drilling campaign over the past few days at its Fokolore Gold Project in West Mali, West Africa and as further detailed in the.
Toronto, Ontario (Newsfile Corp. - November 30, 2022) - Waraba Gold Limited (CSE: WBGD) (FSE: ZE0) (the "Company") is pleased to announce the filing of its technical report entitled "Technical Report
Waraba Gold Limited: Waraba Gold Provides Update on Fokolore Gold Project
Waraba Gold Limited (CSE: WBGD) (the
Corporation ) is pleased to release of the results of its compilation and interpretation of the available historical data at its Fokolore Gold project in western Mali (also known as the Maligonga East Gold Project)
Figure 1
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A National Instrument 43-101 technical report compiling the historical field work and drill results at Fokolore is underway, and an announcement will be made on this shortly. In addition, a field program has been initiated as part of a systematic exploration program that is expected to consist of airborne geophysics, along with geochemical sampling, geologic mapping and drilling.
Waraba Gold Limited: Waraba Gold Closed Acquisition of Mali Gold Project
Waraba Gold Limited (CSE: WBGD) (the
Corporation ) is pleased to announce that, further to the press release dated January 7, 2021, it has closed its acquisition (the
Acquisition ) of all of the issued and outstanding shares of 1273795 B.C. LTD. (
Mali HoldCo ).
Transaction Details
The Acquisition was effected by way of a three-cornered amalgamation involving a wholly-owned subsidiary of the Corporation and Mali HoldCo (the
Amalgamation ). Pursuant to the terms of the Acquisition, the Corporation issued an aggregate of 25,690,000 shares of the Corporation (
Waraba Shares ) to shareholders of Mali HoldCo at a deemed priced at $0.1875, being equal to the maximum discount allowed by the Canadian Securities Exchange at time of issuance, representing the aggregate consideration of $4,867,500.