Mr. Steve Low reports
GOGOLD ANNOUNCES C$125 MILLION BOUGHT DEAL FINANCING
GoGold Resources Inc. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 47.17 million units at a price of $2.65 per unit for gross proceeds of approximately $125-million. The offering is expected to close on or about Nov. 27, 2025, and is subject to GoGold receiving all necessary regulatory approvals.
Each unit will be composed of one common share of the company and half of one common share purchase warrant. Each warrant shall be exercisable to acquire one common share at a price of $3.50 per warrant share for a period of three years from the closing of the offering.
The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. Securities sold on exercise of the overallotment option may be composed of additional units, common shares, warrants or any combination thereof.
The net proceeds of the offering will be used for the exploration and development of the company's Los Ricos projects and for general corporate purposes.
The units will be offered by way of a short form prospectus in all of the provinces of Canada, other than Quebec, and may also be offered by way of private placement in the United States.
About GoGold Resources Inc.
GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality projects in Mexico. The company operates the Parral tailings mine in the state of Chihuahua and has Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, N.S., GoGold is building a portfolio of low-cost, high-margin projects.
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