Waraba Gold Limited reports developments as a resource exploration company that acquires and explores mineral properties. Its recurring updates cover exploration commitments tied to an Ivory Coast portfolio, financing activity, and capital structure changes involving common shares, warrants, pre-funded warrants, private placements, and debt settlements.
Company news also includes shareholder meeting results, supplemental circular disclosure, early warning ownership reporting, and responses to market-regulator inquiries about trading activity. The company is a reporting issuer in British Columbia and Alberta, with common shares quoted on OTC Pink under WARAF and traded on the CSE as WBGD.
Waraba Gold (OTC: WARAF) agreed April 28, 2026 to form a JV holding Tengrela South, acquiring a 90% interest via WGCDI.
Consideration: US$1,050,000 cash (includes US$250,000 advisory fee), 1,500,000 common shares, and a 2.5% NSR. Permit (395.22 km2) was applied for Jan 22, 2025 and remains subject to MMPE approval and transfer to the JV.
Waraba Gold (OTC Pink: WARAF) confirmed on April 20, 2026 that management is unaware of any material change explaining recent trading activity. The company made the statement at CIRO's request and indicated no known operational developments that would account for the market move.
Carl Esprey (OTC:WARAF) filed an Early Warning Report reporting an acquisition of 600,000 units of Waraba Gold on or about April 8, 2026 at $0.30 per unit. Each unit includes one common share and one warrant exercisable at $0.45 until April 8, 2028.
Following the purchase, Esprey beneficially owns 6,390,821 common shares, 600,000 warrants and 500,000 options, representing ~11.46% non-diluted and ~13.17% partially diluted ownership based on 55,784,378 shares outstanding.
Waraba Gold (OTC Pink: WARAF) closed a non‑brokered private placement of 15,000,000 Units at $0.30 per Unit for aggregate gross proceeds of $4,500,000 on April 8, 2026. Each Unit included one share and one warrant exercisable at $0.45 until April 8, 2028.
The company said net proceeds will fund earn‑in commitments for its Ivory Coast exploration portfolio and general working capital. No finder's fees were paid. Securities are subject to a four‑month plus one‑day hold and applicable U.S. legends. Participating insiders subscribed and the company relied on MI 61‑101 exemptions.
Waraba Gold (OTC Pink: WARAF) announced a management change, financing plans, equity grants and related party details on March 12, 2026. Mamadou Coulibaly was appointed CEO; Carl Esprey becomes Executive Chairman.
The Company intends a non-brokered private placement of Units at $0.30 per Unit to raise up to $4,000,000, each Unit including a $0.45 warrant exercisable for 24 months. The Company also granted 1,500,000 stock options and 1,500,000 RSUs; options expire in six years and RSUs convert to shares on vesting. Proceeds are earmarked for Ivory Coast earn-in commitments and working capital. Related party participation is expected; closing aimed within 21 days.
Waraba Gold (OTC:WARAF) announced results of its annual general and special meeting held February 23, 2026. Shareholders representing 7,226,902 shares (38.62%) voted and all nominees were re-elected. Key approvals included fixing the board at five directors, reappointing the auditor, adopting new articles, ratifying an Omnibus Plan and approving issuance of 22,072,762 Common Shares underlying pre-funded warrants.
Most resolutions passed with strong support; certain votes were approved by majority of minority shareholders and some interested-party shares were ineligible to vote.
Waraba Gold (OTC:WARAF) provided supplemental and corrective disclosure for its February 23, 2026 shareholder meeting regarding a Private Placement, Debt Settlements and related Pre-Funded Warrants.
The company raised C$1,164,000.06, settled C$1,036,000 of debt, issued 9,355,808 shares and 22,072,762 Pre-Funded Warrants, and disclosed related-party participation totaling 18.78%.
Waraba Gold (OTC: WARAF) closed the second and final tranche of a private placement for $700,000, which included $630,000 in debt settlements, by issuing 10,000,000 pre-funded warrants at $0.07 each.
The pre-funded warrants cannot be exercised unless disinterested shareholders approve the offering that exceeds CSE policy thresholds; if not approved, holders may redeem warrants for debentures equal to the purchase price. All securities from the tranche are subject to a four-month-and-one-day hold period.
Raised funds will support earn-in commitments on the Ivory Coast projects and general working capital. An Annual General and Special Meeting is set for Feb 23, 2026 to vote on approval of 22,515,619 shares underlying the pre-funded warrants and insider participation; record date is Jan 16, 2026. Meeting materials will be available on SEDAR+.
Waraba Gold Limited (CSE: WBGD) has announced a significant share consolidation (reverse stock split) on a 18:1 ratio, effective October 3, 2025. The consolidation will reduce the company's outstanding common shares from 168,403,338 to approximately 9,355,741.
The company's name and stock symbols will remain unchanged, though new CUSIP and ISIN numbers will be assigned. All convertible securities will be proportionally adjusted, and fractional shares will be rounded up if equal to or greater than one-half, or cancelled if less.
Registered shareholders will receive transmittal letters from National Securities Administrators Ltd. with exchange instructions, while beneficial holders should contact their intermediaries regarding the process.
Waraba Gold Limited (WARAF) has completed an initial payment of US$300,000 as part of an earn-in agreement to acquire up to 80% of Somaco Global Resources SARL. The agreement involves two prospective gold license applications in northern Ivory Coast:
- Sirasso License (369.34 km²) located along the Senoufou greenstone belt, near Barrick Gold's Tongon Mine
- Tengrela License (398.7 km²) situated between Sissengue and Mahale permits
The next milestone includes issuing 6 million new common shares, paying an additional US$200,000 to vendors, and appointing two Somaco nominees as directors. This marks Waraba's strategic entry into West Africa's gold exploration corridor.