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Goldgroup Mining ( (TSE:GGA) ) just unveiled an announcement.
Goldgroup Mining Inc. has revised the terms of its non-brokered private placement, now offering up to 5,000,000 units at $0.80 per unit, with each unit comprising one common share and one full common share purchase warrant. The proceeds from this placement will be used to assess and pursue acquisition opportunities in the mining sector, aiming to enhance shareholder value by acquiring promising mining assets. However, the company cautions that it has not yet moved beyond the due diligence stage in its search for suitable projects.
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 in Mexico.
Average Trading Volume: 204,735
Technical Sentiment Signal: Buy
Current Market Cap: C$300.4M
Find detailed analytics on GGA stock on TipRanks’ Stock Analysis page.