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GOLDGROUP MINING INC. ANNOUNCES CLOSING OF COMMON SHARE OFFERING

Mar. 10, 2011 (Canada NewsWire Group) -- /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN C...

articleGoldgroup Mining Inc.March 10, 20115/company/goldgroup-mining-inc-1/news/goldgroup-mining-inc-announces-closing-of-common-share-offering
GOLDGROUP MINING INC. ANNOUNCES CLOSING OF COMMON SHARE OFFERING

About this update from Goldgroup Mining Inc.

[{"type":"text","content":"\n\n\n Mar. 10, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS\n NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR\n DISSEMINATION IN THE UNITED STATES./\n\n\nVANCOUVER, March 10 /CNW/ - Goldgroup Mining Inc. (TSX:GGA) ("Goldgroup"\n or the "Company") is pleased to announce that it has closed its\n previously announced offering of 28.75 million common shares (which\n includes the exercise in full of the over-allotment option of 3.75\n million common shares) at a price of Cdn$1.40 per share (the\n "Offering") for aggregate gross proceeds of Cdn$40.25 million.\n\n\nDahlman Rose & Company, LLC and Canaccord Genuity Corp. acted as joint\n book-running managers for the Offering. Jennings Capital Inc. acted as\n co-manager for the Offering. Dahlman Rose & Company, LLC only conducted\n sales into the United States.\n\n\nThe securities have not been and will not be registered under the U.S.\n Securities Act of 1933, as amended, or under any state securities laws\n and may not be offered or sold in the United States, absent\n registration or an applicable exemption from the registration\n requirements. This news release does not constitute an offer to sell or\n the solicitation of an offer to buy nor will there be any sale of the\n securities in any state in which such offer, solicitation or sale would\n be unlawful.\n\n\nAbout Goldgroup \n\n\nGoldgroup is a Canadian-ba...

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