Source: Goldgroup Mining Inc.
  • Goldgroup Mining (GGA) has increased its private placement financing for gross proceeds of up to $684,000
  • Each unit will consist of one common share and one common share purchase warrant
  • Proceeds will be used to maintain the company’s existing operations and for general working capital
  • The placement is expected to close within two weeks
  • Goldgroup is a Canada-based gold production, development, and exploration company with a portfolio of projects in Mexico
  • Goldgroup Mining Inc. (GGA) opened trading at C$0.03 per share

Goldgroup Mining (GGA) has increased its private placement financing from 18,000,000 units to 19,542,857 units for gross proceeds of up to $684,000.

Each unit will consist of one common share and one common share purchase warrant. Each warrant being exercisable to purchase one additional share at a price of $0.05 for three years.

Proceeds will be used to maintain the company’s existing operations and for general working capital requirements.

The placement is expected to close within two weeks and is subject to approval of the Toronto Stock Exchange.

Goldgroup is a Canada-based gold production, development, and exploration company with a portfolio of projects in Mexico.

Goldgroup Mining Inc. (GGA) opened trading at C$0.03 per share.

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