VANDOEUVRES, SWITZERLAND--(Marketwired - Sept. 3, 2015) - In accordance with regulatory requirements, Georges Cohen (56 Route de Vandoeuvres, Vandoeuvres, Switzerland) announces that he has recently acquired 10,000,000 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 common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the Company for a period of thirty-six (36) months at a price of $0.06 per common share. All securities acquired are subject to a four month hold period.
Georges Cohen currently now holds 35,270,000 common shares and 22,635,000 warrants of the Company, which represents 14.08% of the Company's currently outstanding common shares, and 21.20% 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.