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Goldgroup Mining ( (TSE:GGA) ) has issued an announcement.
Goldgroup Mining Inc. has announced a non-brokered private placement to raise up to $12 million, aimed at funding strategic acquisitions and growth. The proceeds will be used to assess and pursue acquisition opportunities in the mining sector, with a focus on enhancing shareholder value through the acquisition of promising mining assets. The company is actively evaluating opportunities, particularly in Mexico, but cautions that due diligence is ongoing and there are no guarantees of completing a transaction.
More about Goldgroup Mining
Goldgroup is a Canadian-based mining company that owns and operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is led by a team with extensive expertise in mine development, corporate finance, and exploration, particularly in Mexico.
Average Trading Volume: 278,027
Technical Sentiment Signal: Buy
Current Market Cap: C$291.6M
Find detailed analytics on GGA stock on TipRanks’ Stock Analysis page.