Goldgroup Announces Nominees to Board in Connection with Proposed Business Combination with Gold Resource Corporation and Amends Arrangement Agreement

Goldgroup Mining (GGAZF) amended its merger agreement with Gold Resource Corp (GRC) to replace the originally planned 4-for-1 reverse stock split with a ratio to be determined later and approved by the TSXV. The amendment was made to facilitate Goldgroup's listing on the NYSE American, which requires specific share price and volume metrics that the original split may not have satisfied or that required further negotiation.

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