March 6 (Reuters) - African Gold Group Inc AGG.V
* African gold group announces strategic investment from Forbes & Manhattan & corporate update
* Private placement of units at a price of $0.09 per unit for gross proceeds of up to approximately $7.0 million
* Net proceeds raised from private placement will be used to advance Co's Kobada Gold Project in Mali
* As part of closing of private placement, Brett Richards will be appointed as new chief executive officer of AGG
* Each unit will comprise one common share and one common share purchase warrant Source text for Eikon: ID:nCCN2vCR7j Further company coverage: AGG.V