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GoGold Closes C$25 Million Bought Deal Financing
GoGold Closes C$25 Million Bought Deal Financing Canada NewsWire HALIFAX, Feb. 2...
About this update from Gogold Resources, Inc.
[{"type":"text","content":"\n\n\n\nGoGold Closes C$25 Million Bought Deal Financing\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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, Feb. 25, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\nShares Outstanding: 221,943,996Trading Symbols: TSX: GGD\n HALIFAX, Feb. 25, 2020 /CNW/ - GoGold Resources Inc. (TSX: GGD) (\"GoGold\" or the \"Company\") is pleased to announce that it has closed its previously announced bought deal offering (the \"Offering\") of units of the Company (the \"Units\") with a syndicate of underwriters.   An aggregate of 35,714,285 Units at a price of C$0.70 per Unit for gross proceeds to the Company of approximately C$25 million were sold, with each Unit consisting of one common share in the capital of the Company (each a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\").  Each Warrant entitles the holder to acquire an additional Common Share at a price of C$0.85 until February 25, 2022, provided that if the volume weighted average price of the Common Shares on the Toronto Stock Exchange is equal to or greater than C$1.20 for a period of 10 consecutive trading days, the Company may, at its option, elect to accelerate the expiry of the Warrants by providing notice to the holders thereof, in which case the Warrants will expire on the date specified in such notice, which shall be not less than 30 calendar days following delivery of such notice.\nThe syndicate of underwriters was co-led by Sprott Capital Partners LP and PI Financial Corp., along with BMO Capital Markets. The underwriters were paid a commission of 6% on the gross proceeds of the Offering.  The Company intends to use the net proceeds of the Offering to fund additional exploration on its Los Ricos project, particularly at the Monte del Favor target on the project, and for corporate developme...