GoGold Announces C$125 Million Bought Deal Financing
Globenewswire·2025-11-11 21:40

Core Viewpoint - GoGold Resources Inc. has announced a bought deal offering of 47,170,000 units at a price of C$2.65 per unit, aiming for gross proceeds of approximately C$125 million, with the offering expected to close around November 27, 2025, pending regulatory approvals [1][4]. Group 1: Offering Details - Each unit consists of one common share and half of one common share purchase warrant, with each warrant exercisable at C$3.50 per share for three years from the closing date [2]. - The underwriters have an option to purchase up to an additional 15% of the offering for over-allotments within 30 days post-closing [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration and development of the Los Ricos projects and for general corporate purposes [4]. Group 3: Company Overview - GoGold Resources is a Canadian-based silver and gold producer focused on high-quality projects in Mexico, operating the Parral Tailings mine and developing the Los Ricos South and North projects [6].