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GoGold Announces C$75 Million Bought Deal Financing
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About this update from Gogold Resources, Inc.
[{"type":"text","content":"GoGold Announces C$75 Million Bought Deal Financing\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,\n \n PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN\n \n WHOLE OR IN PART, IN OR INTO THE UNITED STATES.\n \n\n HALIFAX, Nova Scotia, March 19, 2025 (GLOBE NEWSWIRE) --\n \n GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold” or the “Company”)\n \n has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (collectively the “Underwriters”), under which the Underwriters have agreed to buy on bought deal basis 41,210,000 common shares (the “Common Shares”), at a price of C$1.82 per Common Share for gross proceeds of approximately C$75 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about April 4, 2025 and is subject to GoGold receiving all necessary regulatory approvals.\n \n\n The net proceeds of the offering will be used for the development of the Company’s Los Ricos South project, for exploration activities at both Los Ricos South and North projects, and for general corporate purposes.\n \n\n The Common Shares will be offered by way of a short form prospectus in all of the provinces of Canada, other than Quebec, and may also be offered by way of private placement in the United States. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n \n\n\n About GoGold Resources\n \n\n GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating,\n \n developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral\n \n Tailings mine in t...