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WAGI -- West Africa Gold Inc
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[QUOTE]Originally posted by Clarkie: [QB] West Africa Gold Inc. Announces Further Placement of Restricted Shares for Cash Thursday August 5, 1:30 pm ET Company Places Restricted Shares for US$1,000,000 in Cash NEW YORK, NY--(MARKET WIRE)--Aug 5, 2004 -- West Africa Gold Inc. (OTC BB:WAGI.OB - News) announced today that it has raised $1,000,000 in further funding, through the placement of restricted shares of the company's Common Stock to a private investor. ADVERTISEMENT The Company has now raised a total amount of US$1,870,000 in cash through the placement of restricted shares of its Common Stock and with private investors. Richard Axtell, the President of West Africa Gold Inc., said he was delighted with the commitment shown to the company by substantial private investors and that he was confident that additional placement of restricted shares for cash by the Company would take place shortly. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities. Statements contained in this press release, which are not historical facts, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the Company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements. [/QB][/QUOTE]
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