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GoGold Announces Closing of C$65 Million Bought Deal Financing
GoGold Announces Closing of C$65 Million Bought Deal Financing Canada NewsWire ...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"\n \n \n \n GoGold Announces Closing of C$65 Million Bought Deal Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \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\n \n THE UNITED STATES\n \n ./\n \n \n Shares Outstanding:       325,278,261\n \n Trading Symbols:            TSX: GGD\n \n \n \n \n HALIFAX, NS\n \n \n ,\n \n \n Feb. 8, 2023\n \n \n /CNW/ -\n \n GoGold Resources Inc.\n \n (TSX: GGD) (\"\n \n GoGold\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has closed its previously announced bought deal offering (the \"\n \n Offering\n \n \") of 28,900,000 common shares (the \"\n \n Common Shares\n \n \") at a price of\n \n C$2.25\n \n per Common Share, for aggregate gross proceeds of approximately\n \n C$65 million\n \n . The Offering was led by BMO Capital Markets, along with a syndicate of underwriters including Desjardins Securities Inc., PI Financial Corp., Echelon Wealth Partners Inc., Eight Capital and Sprott Capital Partners LP (collectively, the \"\n \n Underwriters\n \n \").\n \n \n \n \n \n \n \n \n \n The Underwriters were paid a commission of 5.5% on the gross proceeds of the Offering. The net proceeds of the Offering are intended to be used to support the continued advancement of the Company's Los Ricos North and South projects. The Underwriters hold an option to purchase up to an additional 4,335,000 Common Shares at a price of\n \n C$2.25\n \n per Common Share, exercisable in whole or in part, on or before\n \n March 10, 2023\n \n .\n \n \n The Offering was completed by way of short form prospectus in each of the provinces of\n \n Canada\n \n , except Québec, pursuant to National Instrument 44-101 –\n \n Short Form Prospectus Distributions\n \n .\n \n \n The securities offered in the Offering ha...