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An announcement from Goldgroup Mining ( (TSE:GGA) ) is now available.
Goldgroup Mining Inc. has successfully closed a CAD $4 million non-brokered private placement, selling 4,848,485 units at $0.825 per unit. The proceeds will be used to pursue acquisition opportunities, aiming to enhance shareholder value by acquiring promising mining assets. However, the company notes that completing such transactions can be complex and time-consuming, with no assurance of short-term success. The private placement is subject to final approval by the TSX Venture Exchange, and all securities issued will be under statutory hold periods until January 13, 2026.
More about Goldgroup Mining
Goldgroup is a Canadian-based mining company with two high-growth gold assets in Mexico. It owns a 100% interest in the Cerro Prieto heap-leach gold mine in Sonora and the Pinos underground gold development project in Zacatecas. The company is led by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico.
Average Trading Volume: 202,042
Technical Sentiment Signal: Buy
Current Market Cap: C$303.6M
For a thorough assessment of GGA stock, go to TipRanks’ Stock Analysis page.