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9/1/17

Antioquia Gold (AGD.v) rights offering

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.