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Goldgroup Announces Second Tranche and Final Close of Non-Brokered Private Placement
(TheNewswire) Vancouver, British Columbia - March 28, 2025 – TheNewswire - G...
About this update from Goldgroup Mining Inc.
[{"type":"text","content":"Goldgroup Announces Second Tranche and Final Close of 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 - March\n28, 2025 –\n \n\n TheNewswire\n-\n \n\n Goldgroup Mining Inc. (“\n \n\n Goldgroup\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) (TSX-V:GGA, OTC:GGAZF) is pleased to announce a second\ntranche closing of its previously announced non-brokered private\nplacement (the “\n \n\n Private\nPlacement\n \n\n ”). For the second tranche, the\nCompany issued an additional 2,583,330 units (each, a “\n \n\n Unit\n \n\n ”) at CAD $0.30\nper Unit for gross proceeds of approximately CAD $774,999. In\naggregate, the Company has issued 25,916,664 Units for gross proceeds\nof approximately CAD $7,774,999 inclusive of the first tranche closing\nand second tranche closing.\n \n\n\n\n Each Unit consists of one common share (a\n“\n \n\n Common Share\n \n\n ”) and one-half common share purchase warrant, with each\nfull warrant being exercisable to purchase one Common Share at a price\nof $0.45 for a period of 24 months following the date of issuance.\n \n\n\n\n The Company intends to use the net proceeds raised from\nthe Private Placement for Cerro Prieto mine improvements, Pinos\nProject preliminary economic assessment update, debt reduction and\ngeneral working capital. The securities issued as part of the second\ntranche are subject to a four month hold period that expires on July\n28, 2025. Closing of the Private Placement is subject to final\napproval of the TSX Venture Exchange.\n \n\n\n\n The Company paid a cash finders fee of $300 in relation\nto the second tranche.\n \n\n\n\n This news release does not constitute an offer to sell\nor a solicitation of an offer to sell any securities in the United\nStates. The securities described herein have not been and will not be\nregistered under the United States Securities Act of 1933, as amended\n(the \"U.S. Securities Act\") or any state securities laws and\nmay not be offered or sold within the United States or to U.S. Persons\nunless registered under the U.S. Securities Act and applicable state\nsecurities laws or an exemption from such registration is\navailable.\n \n\n\n\n\n About\nGoldgroup\n \n\n\n\n\n Goldgroup...