Goldgroup Mining Raises CAD $774,999 in Second Tranche of Private Placement
Vancouver, British Columbia – March 28, 2025 – Goldgroup Mining Inc. (Goldgroup or the Company), a Canadian-based gold exploration and development company, is thrilled to announce the second closing of its non-brokered private placement (the “Private Placement”).
Second Tranche Details
In the second tranche, Goldgroup issued an additional 2,583,330 units (each, a “Unit”) at a price of CAD $0.30 per Unit, raising gross proceeds of approximately CAD $774,999. Each Unit consists of one common share (a “Common Share”) and one-half common share purchase warrant.
Impact on Goldgroup
With the second tranche closing, Goldgroup has raised a total of approximately CAD $7,774,999 through the issuance of 25,916,664 Units. These funds will be used to advance the Company’s exploration and development projects, including its flagship project, the Cerro San Pedro Gold Project in Mexico.
Impact on Shareholders
The proceeds from the Private Placement will also benefit Goldgroup’s shareholders. Each Unit comes with a purchase warrant, giving investors the opportunity to purchase additional Common Shares at a price of CAD $0.45 for a period of 24 months following the issuance date.
Global Mining Industry
The mining industry, particularly gold mining, has been experiencing a resurgence due to increasing global demand and rising gold prices. Goldgroup’s successful private placement is a testament to the investor confidence in the sector.
Environmental and Social Impact
As Goldgroup continues to grow, it remains committed to responsible mining practices. The Company adheres to strict environmental, health and safety standards, ensuring the well-being of its employees, communities, and the environment.
Conclusion
Goldgroup Mining’s successful CAD $7,774,999 private placement will significantly contribute to the Company’s exploration and development efforts, particularly its flagship Cerro San Pedro Gold Project in Mexico. The proceeds from the placement will also benefit shareholders through the purchase warrants, and the mining industry as a whole continues to thrive in the current market conditions.
- Goldgroup Mining raises CAD $774,999 in the second tranche of a private placement.
- The funds will be used to advance exploration and development projects, including Cerro San Pedro Gold Project.
- Each Unit comes with a purchase warrant, providing shareholders an opportunity to buy additional Common Shares.
- The mining industry, particularly gold mining, is experiencing a resurgence due to rising gold prices and global demand.
- Goldgroup remains committed to responsible mining practices, ensuring the well-being of employees, communities, and the environment.
