Goldgroup Upsizes Private Placement to Fund Strategic Initiatives

Goldgroup Mining ( (TSE:GGA) ) just unveiled an announcement.

Goldgroup Mining Inc. announced an increase in its non-brokered private placement from 23,333,334 Units to 25,833,334 Units, aiming to raise approximately $7,750,000. The proceeds will be used for improvements at the Cerro Prieto mine, updating the Pinos Project’s economic assessment, reducing debt, and general working capital, subject to TSX Venture Exchange approval.

More about Goldgroup Mining

Goldgroup Mining Inc. is a Canadian-based mining company that owns and operates the Cerro Prieto heap-leach gold mine in Sonora, Mexico. The company is managed by a team with extensive expertise in mine development, corporate finance, and exploration in Mexico.

YTD Price Performance: 133.33%

Average Trading Volume: 336,517

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $43.21M

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