Goldgroup Mining Inc. (GGAZF) Form 6-K — Oct 9, 2026
Goldgroup Mining closed a non-brokered private placement on September 25, 2026, issuing 33,382,326 units at US$3.65 for gross proceeds of US$121,845,490 — more than 60% above its initial US$75 million target and the largest financing in company history. Each unit includes one common share plus a half warrant exercisable at US$5.10 until March 25, 2028; the company paid US$4,219,785 in finder commissions (5% of proceeds). Proceeds are earmarked for working capital, advancing its Don David and Cerro Prieto mines, the San Francisco restart, the Back Forty project, and potential mining-sector M&A.
Key figures
- Gross Proceeds
- 121845490
- Offering Price
- 3.65
- Shares Offered
- 33382326
- Warrant expiry
- 2028-03-25
- Upsized percent
- 60
- Initial target usd
- 75000000
- Commission rate percent
- 5
- Warrant exercise price usd
- 5.1
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