Australian Goldfields completes acquisition of Pilbara Gold District land package in Western Australia

15 March 2021

On March 15, 2021, Australian Goldfields Limited (formerly Graphite Energy Corp.) (the "Company") (CSE: AUGF) (OTC: GRXXF) (Frankfurt: G0A) announced that, pursuant to the acquisition agreement dated June 16, 2020 by and among the Company, Pilbara Gold Group Pty Ltd. ("Pilbara") and the shareholders of Pilbara, the Company had acquired a 100% ownership of the property package consisting of seven tenements located in five districts in the Beatons River Project area, Pilbara Gold District in Western Australia, by way of the purchase of all of the issued and outstanding shares of Pilbara. 

Tara Amiri of Gowling WLG advised Australian Goldfields with respect to the negotiation of the share purchase agreement.

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