Source: Goldgroup Mining Inc.
  • Goldgroup Mining (GGA) has announced a non-brokered private placement for gross proceeds of up to $570,000
  • The company will issue up to 5,700,000 common shares for $0.10 per common share
  • Net proceeds will be used to maintain its existing operations and for general working capital requirements
  • Goldgroup is a Canadian-based gold production, development, and exploration company with a significant upside in a portfolio of projects in Mexico
  • Goldgroup Mining Inc. was up 10.00 per cent, trading at $0.11 at 9:55 AM ET

Goldgroup Mining (GGA) has announced a non-brokered private placement for gross proceeds of up to $570,000.

The company will issue up to 5,700,000 common shares for $0.10 per common share.

No commissions or fees are payable in connection with the private placement.

Net proceeds will be used to maintain its existing operations and for general working capital requirements.

The closing of the private placement is subject to receipt of all necessary approvals, including approval of the Toronto Stock Exchange.

All securities issued will be subject to a statutory four-month hold period.

Goldgroup is a Canadian-based gold production, development, and exploration company with a significant upside in a portfolio of projects in Mexico, including an interest in DynaResource de Mexico, S.A. de C.V., which owns 100 per cent of the high-grade gold exploration project, San José de Gracia located in the State of Sinaloa.

Goldgroup Mining Inc. was up 10.00 per cent, trading at $0.11 at 9:55 AM ET.


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