GFG Upsizes Flow-Through Private Placement

Core Points - GFG Resources Inc. has announced an increase in its private placement of premium flow-through units and flow-through shares to raise gross proceeds of up to C$4.23 million [1][2] Offering Details - The offering will consist of up to 11,880,188 Premium Units priced at C$0.2224 each and up to 8,550,129 FT Shares priced at C$0.185 each, with a maximum aggregate gross proceeds of C$4.23 million [2] - Each Premium Unit includes one common share and one-half of a share purchase warrant, with each whole warrant allowing the purchase of an additional common share at C$0.24 for 24 months [2] - The offering is expected to close on or about November 3, 2025, subject to necessary approvals, including from the TSX Venture Exchange [3] Regulatory Compliance - The FT Shares and Premium Units will be offered under the Listed Issuer Financing Exemption, meaning they will not be subject to a hold period under Canadian securities laws [4] - The company may pay finder's fees of up to 6% of the aggregate gross proceeds raised [3] Insider Participation - Certain insiders of the company are expected to participate in the offering, which will be considered a related party transaction [5] - The company intends to rely on exemptions from formal valuation and minority shareholder approval requirements for this participation [5] Company Overview - GFG Resources Inc. is focused on precious metals exploration, particularly in gold projects located in tier one mining jurisdictions [7] - The company operates three gold projects in the Timmins gold district of Ontario, Canada, which has produced over 70 million ounces of gold [7]