Goldgroup Mining Announces $7 Million Private Placement
Vancouver, British Columbia -- March 11, 2025 -- NewsGenie -- Goldgroup Mining Inc. (TSX-V:GGA, OTC:GGAZF) has announced a non-brokered private placement to raise up to $7,000,000. The company plans to issue up to 23,333,334 units at $0.30 each. Each unit includes one common share and one-half of a common share purchase warrant.
Each full warrant allows the holder to purchase one common share at $0.45 within 24 months of issuance. Goldgroup may pay finders' fees, pending TSX Venture Exchange (TSXV) approval. Securities issued will be subject to a four-month statutory hold period.
The net proceeds will fund improvements at the Cerro Prieto mine, update the Pinos Project's preliminary economic assessment, reduce debt, and support general working capital.
Goldgroup is a Canadian mining company operating the Cerro Prieto heap-leach gold mine in Sonora, Mexico.
For further information, please visit www.goldgroupmining.com