Angkor Gold Corporation, formerly Weifei Capital, has completed its acquisition of Prairie Pacific Mining Corp and has raised $3 million in a brokered financing which will be used for exploration on its properties in the Kingdom of Cambodia.
These qualifying transaction arrangements have also included the change of name to Angkor Gold Corp, which more accurately reflects the company's primary area of interest.
The transaction includes a three-cornered amalgamation with Angkor’s wholly-owned subsidiary and Prairie Pacific. Prior to completion of the transaction, Prairie Pacific completed a private placement, or interim financing, which raised $2 million.
Following these transactions, Angkor’s total issued and outstanding capital comprises 61,518,310 common shares, 14,858,716 common share purchase warrants, 228,571 broker warrants, 604,700 agent’s options and 485,714 options to acquire common shares
The following have been appointed as directors and officers of the corporation: Michael Weeks president, chief executive officer and a director); Jonathan Ronkai chief financial officer; Adrian Mann vice-president, exploration and a director; Scott Donahue vice-president, corporate affairs; Donald Erno corporate secretary; Guillermo Salazar director; Stuart Ross director; Terry Mereniuk director and Michael Evans director.
Angkor Gold is headquartered in Calgary, Alberta, with interests in mineral concessions covering approximately 2666sqkmin the Kingdom of Cambodia. The corporation is engaged in the identification and exploration of early stage gold and base metal properties with demonstrable potential of hosting high grade ore deposits. Angkor is the second largest landholder of mineral concessions in Cambodia.