Appian increases size of investment in Roxgold

Appian Natural Resources Fund, a metals and mining private equity fund affiliated with U.K.-based Appian Capital Advisory, has acquired additional shares of Roxgold Inc (TSXV: ROG), a Canadian gold exploration and development company. Appian acquired around 6.3 percent of Roxgold's issued and outstanding common shares, with the result that it now holds around 18.4 percent of total issued and outstanding shares. Based in Toronto, Roxgold is focused on its Yaramoko Gold Project located in the Houndé greenstone region of Burkina Faso, West Africa.

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