Goldgroup Announces Upsizing of Proposed Non-Brokered Private Placement
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Goldgroup Mining Inc. has announced an increase in its non-brokered private placement, raising the offering from 23,333,334 to 25,833,334 units, with expected gross proceeds of $7,750,000. Each unit includes one common share and a half warrant, exercisable at $0.45 for 24 months.
March 12, 2025 | 12:15 pm
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Goldgroup Mining Inc. has increased its private placement to 25,833,334 units, potentially raising $7.75M. This move could impact the stock price as it involves issuing new shares and warrants.
The increase in the private placement size suggests a higher demand or need for capital, which could dilute existing shares but also indicates potential growth or investment opportunities. The issuance of new shares and warrants may affect the stock price, but the exact impact will depend on market perception and the use of proceeds.
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