GFG Resources Raises C$ 8.1 Million in Private Placement
Bitget2026/10/23 14:16- GFG Resources closed a private placement raising gross proceeds of CAD 8.1 million on October 23, 2026.
- The offering included 5,336,800 hard dollar units at CAD 0.19 each and 7,529,300 flow-through shares at CAD 0.22 each.
- Another 20,225,100 premium flow-through units priced at CAD 0.266; warrants are exercisable at CAD 0.285 until October 23, 2028.
- Alamos Gold participated indirectly to maintain its approximately 10.8% ownership interest on a non-diluted basis.
- Flow-through proceeds will fund qualifying exploration expenditures; hard dollar proceeds will support general corporate and working capital purposes.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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