Between March 28, 2014 and May 15, 2014, Appian Natural Resources Fund acquired ownership and control, through its wholly owned subsidiary, of 5,249,588 common shares of Roxgold Inc. representing 2.2% of the total issued and outstanding shares of Roxgold. The Shares were acquired through the TSX Venture Exchange at the following prices over this period: 1,216,500 Shares at a price of $0.60 per Share, 707,500 Shares
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