Sept 27 (Reuters) - African Gold Group Inc AGG.V :
* Enters binding LOI with Hummingbird Resources for strategic investment and joint development of the Kobada Gold Project
* HUM will purchase 40 million units of AGG at a price of CDN$0.09 per unit
* HUM to fund 100% of capital costs required to build mine,processing plant to earn 50% interest in JV to develop Kobada Gold Project
* JV agreement provides for establishment of joint technical committee to oversee preparation of definitive feasibility study for Kobada Project
* Hummingbird Resources PLC to acquire up to 19.9% of AGG for $8 million