GoldGroup Announces Proposed Non-Brokered Private Placement

About this update from Goldgroup Mining Inc.

[{"type":"text","content":"GoldGroup Announces Proposed Non-Brokered Private Placement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia-\n \n\n TheNewswire -\n \n\n (April 11, 2025)\n \n\n Goldgroup Mining Inc. (“\n \n\n Goldgroup\n \n\n ” or the “\n \n\n Company\n \n\n ”)\n(TSX-V:GGA, OTC:GGAZF) is pleased to announce a non-brokered private\nplacement of up to 27,272,727 units of the Company (“\n \n\n Units\n \n\n ”) at a price\nof $0.55 per Unit for aggregate gross proceeds of up to $15,000,000\n(the “\n \n\n Private\nPlacement\n \n\n ’). Each Unit will consist of one\ncommon share (a “\n \n\n Common\nShare\n \n\n ”) and one-half common share purchase\nwarrant, with each full warrant (a “\n \n\n Warrant\n \n\n ”)\nbeing\n \n\n exercisable to purchase one Common Share\nat a price of $0.75 for 18 (eighteen) months from the date of\nissuance.\n \n\n\n\n The Company intends to pay finders' fees to eligible\nfinders, in accordance with applicable securities laws and the\npolicies of the TSX Venture Exchange (“TSXV”). The Private\nPlacement is subject to approval of the TSXV, and all securities\nissued under the Private Placement will be subject to statutory hold\nperiods expiring four months and one day from the date of closing of\nthe Private Placement.\n \n\n\n\n The Company intends to use the net proceeds raised from\nthe Private Placement for Cerro Prieto Project near mine exploration,\nmine capital equipment and production improvements, Pinos Project PEA\nupdate, debt reduction, ongoing assessment of acquisition\nopportunities and general corporate working capital.\n \n\n\n\n THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE\nCANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO UNITED STATES NEWS\nSERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT\nCONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THE OFFERING\nIN QUESTION HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES\nACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND THE\nSECURITIES SOLD IN SUCH OFFERING MAY NOT BE OFFERED OR SOLD IN THE\nUNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE\nEXEMPTION FROM REGISTRATION REQUIREMENTS.\n \n\n\n\n\n About\nGoldgroup\n \n\n\n\n\n...

More updates from Goldgroup Mining Inc.