- Goldgroup Mining (GGA) closed a fully-subscribed private placement for gross proceeds of $570,000
- The company issued 5,700,000 common shares at a price of $0.10 per 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. (GGA) is unchanged on the day, trading at C$0.085 per share at 11 am ET
Goldgroup Mining (GGA) raised gross proceeds of $570,000 through a fully-subscribed private placement of common shares.
Under the previously-announced offering, the company issued 5,700,000 common shares at a price of $0.10 per share.
Net proceeds from the offering will be used to maintain its existing operations and for general working capital.
All securities issued are subject to a statutory four-month hold period expiring May 14, 2023.
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. (GGA) is unchanged on the day, trading at C$0.085 per share at 11 am ET.