Wafa Mining & Petroleum buying at Algold Resources (ALG)

Wafa Mining & Petroleum buying at Algold Resources (V:ALG)

Wafa Mining & Petroleum, a 10% Holder, acquired 2,605,295 Common Shares on a direct ownership basis at a price of $0.140 through a prospectus or prospectus exempt offering on February 5th, 2018. This represents a $364,741 investment into the company's shares and an account share holdings change of 13.7%.

Algold Resources is in the Precious Metals & Minerals Sub Industry Group under the Basic Materials Sector.

Algold Resources Ltd., formerly Kanosak Capital Venture Corporation, is a junior mineral exploration company. The Company is focused on the exploration and development of gold deposits in West Africa. Its properties are located in Mauritania, including Kneivissat, Legouessi, and Tijirit and Akjoujt. The Kneivissat property is an exploration license, which covers an area of approximately 830 square kilometers, and is situated approximately 300 kilometers from Nouakchott and over 30 kilometers from the Tasiast Mine. The Legouessi exploration license is located approximately 350 kilometers north of Nouakchott and over 40 kilometers north of the Tasiast Mine. The Tijirit Property covers an area of approximately 1,100 square kilometers and is situated over 30 kilometers south of the Tasiast gold mine. The Akjoujt exploration license covers an area of over 750 square kilometers. Its subsidiaries include Algold Mauritania SARL and Societe Mauritanienne d'Exploration.