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 (WARAF) signed a binding agreement to acquire an 80% interest in Leo Resources for up to A$5 million in cash. Leo holds the adjoining 212.66 km² Tengrela PR-683 gold exploration licence in Côte d'Ivoire. Staged payments include amounts contingent on licence renewal or extension; no shares will be issued to the seller at signing or completion.
The project has 1,141 drill holes totaling approximately 67,600 m. Reported results include historical Podio drilling of 10 m at 24.05 grams of gold per tonne and 2026 Tiogo drilling of 4 m at 19.48 grams per tonne. These results remain unverified and should not be relied upon. Completion requires Ministerial approval and other conditions. Waraba expects to need additional financing for completion and subsequent payments. The licence expires November 3, 2027. Waraba also granted 2,300,000 restricted share units, each entitling its holder to one common share on settlement.
Waraba Gold (WARAF) reported a 6.60-metre gold-bearing channel interval at its Fetiko target in Côte d'Ivoire.
Continuous sampling in trench TGTR-FT-001-EX returned 6.60 metres at 1.16 g/t gold from 10.20 metres. The adjoining 98.31-metre trench had no channel interval meeting the reporting criteria. Reported channel lengths are not true widths, which remain unknown.
All 297 completed auger holes have been assayed. At a 20 ppb gold threshold, anomalous samples define a zone approximately 1.9 kilometres long across six traverse lines spaced 400 metres apart. Auger samples are used to locate potential targets, not measure drill intersections; continuity between lines and grade at depth have not been established. Another 148 of 445 planned auger holes remain, with completion scheduled for October 2026. Infill auger and first-pass reverse-circulation drilling are being designed.
Waraba Gold (WARAF) has appointed capital markets executive Adam Cegielski as a Director, effective immediately, to strengthen its Board as it advances its West African gold exploration strategy.
Cegielski currently serves as Chairman of Silver Viper Minerals and Orex Minerals, has helped raise hundreds of millions of dollars of growth capital, and has led multiple mining-sector transactions. He was a founding director of Cayden Resources, acquired by Agnico Eagle Mines in a deal valued at about C$205 million, and founded Gold Line Resources in 2020. In connection with his appointment, Waraba has entered into a director services agreement under which he will receive an annual retainer of C$50,000, payable in deferred share units credited quarterly under the company’s omnibus incentive plan, subject to applicable requirements.
Waraba Gold (WARAF) has completed its first quarterly management fee debt settlement by issuing common shares to directors, officers and a consultant. The company settled US$61,560 in quarterly fees and US$12,817.97 for a March 12–31, 2026 stub period, using a Bank of Canada exchange rate of US$1.00 = C$1.421. Waraba issued 232,872 and 48,486 common shares, respectively, at a deemed price of C$0.38, equal to the 10‑day VWAP on the CSE ending June 30, 2026 and compliant with CSE minimum pricing.
All shares from these settlements are subject to a four‑month‑and‑one‑day hold. Directors Carl Esprey and Jose Teixeira, and Munster & Broad Limited (controlled by director Chris O'Connor), participated, making this a related party transaction under MI 61‑101. Waraba relied on exemptions because the fair market value involved was below 25% of its market capitalization and plans to continue quarterly share‑for‑fee settlements without separate press releases unless terms materially change.
Waraba Gold (OTC: WARAF) announced changes to management compensation and an option grant. Quarterly management fees of US$61,560, plus a US$12,817.97 stub amount, will be settled in shares from June 30, 2026, at a deemed price of at least C$0.05. The company also granted 2,000,000 options to a consultant, exercisable at no less than C$0.05 for five years, vesting immediately. These share settlements are classified as related party transactions under MI 61-101 but are expected to rely on exemptions, as the fair market value will not exceed 25% of market capitalization.
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.