Nov 21 (Reuters) - African Gold Group Inc AGG.V :
* AFRICAN GOLD GROUP ANNOUNCES $1 MILLION PRIVATE PLACEMENT AT $0.05 PER SHARE AND CORPORATE UPDATE
* AFRICAN GOLD GROUP INC - APPOINTED ANDREW CHEATLE AS CHIEF EXECUTIVE OFFICER
* AFRICAN GOLD GROUP INC - CHEATLE REPLACES STEPHAN THERON, FORMER CHIEF EXECUTIVE OFFICER OF COMPANY
* AFRICAN GOLD GROUP INC - THERON REMAINS ON BOARD
* AFRICAN GOLD GROUP INC - THERON HAS BEEN APPOINTED CHAIRMAN OF BOARD OF DIRECTORS