GFG Closes Final Tranche of Financing

Core Points - GFG Resources Inc. has successfully closed the second and final tranche of its private placement financing, raising additional gross proceeds of C$1,581,773, bringing the total aggregate gross proceeds to C$4,119,677 from both tranches [1][2] Financing Details - In the second tranche, GFG issued 8,550,128 flow-through common shares at a price of C$0.185 per share [2] - The proceeds from the Offering will be allocated for exploration activities in Ontario, qualifying as "Canadian Exploration Expenses" under the Income Tax Act (Canada) [4] Regulatory Compliance - The FT Shares sold are issued under the Listed Issuer Financing Exemption and will not be subject to a hold period under Canadian securities laws, pending final approval from the TSX Venture Exchange [3] Related Party Transactions - Directors and/or officers of GFG purchased a total of 786,667 FT Shares in the second tranche, which is exempt from formal valuation and minority shareholder approval requirements [5] Finder's Fees - The Company paid cash finder's fees totaling C$25,529.42 in connection with the Offering [6] Company Overview - GFG Resources Inc. is focused on precious metals exploration, operating three gold projects in the Timmins gold district of Ontario, which has produced over 70 million ounces of gold [8]