Source: Goldgroup Mining Inc.
  • Goldgroup Mining (GGA) has increased its private placement financing for gross proceeds of up to $684,000
  • Each unit will consist of one common share and one common share purchase warrant
  • Proceeds will be used to maintain the company’s existing operations and for general working capital
  • The placement is expected to close within two weeks
  • Goldgroup is a Canada-based gold production, development, and exploration company with a portfolio of projects in Mexico
  • Goldgroup Mining Inc. (GGA) opened trading at C$0.03 per share

Goldgroup Mining (GGA) has increased its private placement financing from 18,000,000 units to 19,542,857 units for gross proceeds of up to $684,000.

Each unit will consist of one common share and one common share purchase warrant. Each warrant being exercisable to purchase one additional share at a price of $0.05 for three years.

Proceeds will be used to maintain the company’s existing operations and for general working capital requirements.

The placement is expected to close within two weeks and is subject to approval of the Toronto Stock Exchange.

Goldgroup is a Canada-based gold production, development, and exploration company with a portfolio of projects in Mexico.

Goldgroup Mining Inc. (GGA) opened trading at C$0.03 per share.

More From The Market Online
Drilling at Majestic Gold's Songjiagou mine in China

Majestic Gold eyes seventh profitable year in a row

Majestic Gold (TSXV:MJS) ends its third quarter of 2024 in the green generating net income of US$5.8 million.
Mining at Soma Gold's Cordero mine in Colombia

Soma Gold poised to extend profitable track record

Soma Gold (TSXV:SOMA) posted net income of C$1.2M for the nine months ended September 30, 2024, despite numerous headwinds.