GFG Issues Shares to IEP Pursuant to WWCC Gold Property Option Agreement

Core Viewpoint - GFG Resources Inc. has finalized an agreement to acquire a 100% interest in the WWCC Property, enhancing its portfolio in the Timmins Gold District of Ontario, Canada [1][3]. Group 1: Acquisition Details - GFG issued a total of 1,334,757 common shares to International Explorers and Prospectors Inc. at a deemed value of C$0.187 per share based on the volume-weighted average price (VWAP) for the previous five trading days [2]. - The shares issued will be subject to a statutory hold period of four months and one day from the issuance date [2]. Group 2: Company Overview - GFG Resources Inc. is focused on precious metals exploration, particularly in district-scale gold projects located in tier one mining jurisdictions [3]. - The company operates three gold projects in the Timmins Gold District, which has historically produced over 70 million ounces of gold [3].