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AGG looks into legal action as Hummingbird deal terminates

Canada’s African Gold Group (CN:AGG) is evaluating legal action after a letter of intent with Hummingbird Resources (LN:HUM) was terminated, scuppering AGG’s plans to fast-track development of its Kobada gold project in Mali.

AGG looks into legal action as Hummingbird deal terminates AGG looks into legal action as Hummingbird deal terminates AGG looks into legal action as Hummingbird deal terminates AGG looks into legal action as Hummingbird deal terminates AGG looks into legal action as Hummingbird deal terminates

African Gold Group will continue to focus on its West Africa projects

According to the LOI signed in September, Hummingbird could acquire almost 20% of AGG for C$8 million (US$6.2 million) and conditionally earn 50% of Kobada by funding 100% of development costs.

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