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Goldgroup Mining ( (TSE:GGA) ) has issued an update.
Goldgroup Mining has announced revised terms for its non-brokered private placement to raise up to $12 million, with each unit consisting of one common share and one warrant. The funds will be used to pursue strategic acquisitions in the mining sector, with a focus on enhancing shareholder value through potential acquisitions of operating mines or stakes in other companies. However, the company cautions that it is still in the due diligence phase and there is no guarantee of completing any acquisition.
More about Goldgroup Mining
Goldgroup Mining 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.
YTD Price Performance: 506.06%
Average Trading Volume: 264,121
Technical Sentiment Signal: Buy
Current Market Cap: C$270M
For an in-depth examination of GGA stock, go to TipRanks’ Overview page.