- GFG Resources (GFG) has increased its private placement financing for total proceeds of up to $2.06 million
- The offering consists of units, flow-through common shares and premium units
- Each unit shall be made up of one common share and one-half of one share purchase warrant
- Each premium unit shall consist of one FT share and one-half of one warrant
- GFG Resources is a North American precious metals exploration company
- GFG Resources Inc. (AGI) is unchanged on the day, trading at C$0.105 per share at 3:15 pm ET
GFG Resources (GFG) has increased its previously announced private placement financing for total proceeds of up to $2.06 million.
The company is pleased to announce that its strategic investor, Alamos Gold Inc., has committed to participate in the offering on a pro-rata basis.
The offering will consist of three components. The first will be the sale of units for $0.11 per unit. The second is the sale of flow-through common shares for $0.13 per FT share. The third is the sale of premium units of the company for $0.1573 per premium unit.
Each unit shall be made up of one common share and one-half of one share purchase warrant. Each whole purchase warrant will entitle the holder to acquire one additional common share for a period of 24 months from the date of issuance.
Each premium unit shall consist of one FT share and one-half of one warrant.
The net proceeds from the offering will be used for exploration activities on the company’s projects in Ontario and general working capital purposes. GFG Resources is a North American precious metals exploration company focused on district-scale gold projects in tier one mining jurisdictions, Ontario and Wyoming.
GFG Resources Inc. (AGI) is unchanged on the day, trading at C$0.105 per share at 3:15 pm ET.
