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
The Market Online Video

Market Open: Oil Gains Prompt Morning Rise  |  Friday, Jan 17, 2025

Futures for Canada’s main stock index rose on Friday, buoyed by an uptick in oil prices,...
The Neves Corvo mine in Portugal

Lundin Mining achieves record production in 2024

Lundin Mining (TSX:LUN) released its production results for the year and production guidance for the three-year period of 2025 through 2027,
Drilling from Noble Mineral Exploration's Cere Villebon project in Quebec

Noble Mineral acquires untapped polymetallic property in Quebec

Noble Mineral Exploration (TSXV:NOB) adds the 569-hectare Chateau critical minerals property in Quebec to its growing portfolio.