WAGI: Acquires Golden Sierra for 2B Shares of Co. Stk.
Ridgeland, MS, SEP 15, 2004 (EventX/Knobias.com via COMTEX) -- West Africa Gold Inc (OTCBB : WAGI) filed an 8-K on 9/15, in which the Company reported that on 9/9, pursuant to a Stock Purchase Agreement between the Company, and all of the shareholders of Golden Sierra Limited, a Gibraltar company, it acquired all of the shares of Golden Sierra from the Golden Sierra Shareholders in consideration for the issuance of a total of 2,000,000,000 shares of West Africa Gold, Inc. to the Golden Sierra Shareholders.
Golden Sierra controls one hundred (100%) percent of certain mineral rights relating to the Mockingbird and Great West project areas. These project areas are comprised of four claim groups spread over 2,500 acres in Mohave County consisting of gold mining properties in Arizona. Pursuant to the Agreement, Golden Sierra became the Company's wholly owned subsidiary. The Acquisition was approved by the unanimous consent of our Board of Directors on September 9, 2004.
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