Demerger from Indo Gold Limited (IGL); West Africa was identified as priority target area; formed wholly-owned subsidiary – Aforo Resources Limited (Aforo) and spent approximately $2.1M acquiring projects and conducting first pass exploration. Properties explored in Ghana, Liberia and Ivory Coast.
Aforo spun out of IGL in January 2012, shares distributed “in specie” to IGL shareholders; private seed raising at $0.10 raises $850,000.
The company appointed Ian S. Cooper to the position of Managing Director November 2014.
Rights issue to shareholders and others April 2015 raised $110,400 at $0.002.
Placement to IGL October 2016 raised $20,000 at $0.01.
Sale of Ivory Coast projects for US$225,000.
Currently 129,197,529 shares and 6 million options at $0.003 on issue and no debt.
JV/Option agreements signed to acquire the Niare, Yamane and Sao gold projects in Burkina Faso.
West African focused exploration
and development company
If you would like more information on the activities of Aforo Resources Limited or are interested in this exciting venture please contact us using the email link below or the form provided.