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Thu, 18 May 2006 13:33:00 PDT
TORONTO, ONTARIO (MARKET WIRE) African Gold Group, Inc., (TSX VENTURE:AGG) ("AGG" or the "Company") is pleased to announce that it has issued 500,000 common shares at $2.00 per share, for gross proceeds of $1,000,000 to a strategic member of the investment community. All of the issued shares will be subject to a regulatory hold period until September 17, 2006.
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