Algold Resources Ltd. (TSXV:ALG) ("Algold" or the "Corporation") today announced completion of a low-dilution funding arrangement with major shareholder Wafa Mining & Petroleum SA ("Wafa"), a subsidiary of Wafa Holding, under which Wafa has acquired a 10% interest in the Corporation's Tirex subsidiary, owner of the Tijirit mining permit and gold development project (the "Investment"), as well as a subscription (the "Subscription") by Wafa for 883,747 common shares of Algold ("Shares") at a price of C$1 per Share for a total amount of $4.2M in cash.Read full news