on Goldgroup Mining, Inc. (CVE:GGA)
Goldgroup Finalizes CAD $12 Million Private Placement
Goldgroup Mining Inc. has completed a CAD $12 million non-brokered private placement. The company issued 15 million units at $0.80 each, consisting of one common share and one warrant, exercisable at $1.10 until August 5, 2027. This financing move, announced in July 2025, marks a significant step for the mining firm.
Notably, investor Eric Sprott, via 2176423 Ontario Ltd., acquired 1,875,000 units for $1.5 million. Before this transaction, Sprott controlled 10.4% of Goldgroup on a non-diluted basis. Post-placement, his stake adjusted to 10.5% non-diluted and 15.2% partially diluted.
The investment aims to support potential asset acquisitions. However, Goldgroup cautions there is no guarantee of finalizing any deals. The company's strategy focuses on conducting due diligence for acquisitions that could enhance their current mining portfolio.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Goldgroup Mining, Inc. news