- Goldgroup (GGA) has closed the first tranche of its upsized non-brokered private placement of units for gross proceeds of approximately $610,500
- The company issued 17,442,857 units at a price of $0.035 per unit
- Proceeds will be used to maintain the company’s existing operations and for general working capital
- 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$0.025 per share
Goldgroup (GGA) has closed the first tranche of its upsized non-brokered private placement of units.
Under the first tranche of the previously announced offering, the company issued 17,442,857 units at $0.035 per unit for gross proceeds of approximately $610,500.
Each unit will consist of one common share and one common share purchase warrant. Each warrant is exercisable to purchase one additional share for $0.05 for three years.
Proceeds will be used to maintain the company’s existing operations and for general working capital requirements.
All securities issued are subject to a statutory hold period expiring October 10, 2022.
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$0.025 per share.