Goldgroup Expands Private Placement to $7.75 Million
Vancouver, British Columbia -- March 12, 2025 -- NewsGenie -- Goldgroup Mining Inc. (TSX-V:GGA, OTC:GGAZF) has increased its non-brokered private placement from 23,333,334 units to 25,833,334 units, aiming to raise approximately $7.75 million. Each unit is priced at $0.30 and includes one common share and one-half of a common share purchase warrant. A full warrant allows the holder to buy one common share at $0.45 within 24 months of issuance.
The company may pay finders' fees according to TSX Venture Exchange (TSXV) policies and securities laws. The private placement requires TSXV approval, and all securities issued will have a statutory hold period of four months and one day from the closing date.
Goldgroup plans to use the funds for improvements at the Cerro Prieto mine, updating the Pinos Project's preliminary economic assessment, reducing debt, and for general working capital.
Goldgroup is a Canadian mining company operating the Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is managed by experienced professionals in mine development, corporate finance, and exploration.
For more details, visit www.goldgroupmining.com.
Ralph Shearing, CEO, can be reached at +1 (604) 764-0965.