Goldgroup Completes CAD $4 Million Private Placement

Goldgroup Mining Inc. has successfully closed its CAD $4 million non-brokered private placement, originally announced in August 2025. The placement involved 4,848,485 units at $0.825 each. Each unit comprises one common share and one warrant, exercisable at $1.05 until September 2027. The company aims to use the proceeds for potential acquisitions, enhancing its portfolio.

Finder's fees included cash payments of $182,505, as well as the issuance of 201,718 finder's warrants and 1,086,187 finder’s units. These units have similar terms to the placement units. The securities are subject to statutory hold periods until January 2026.

The placement awaits final approval from the TSX Venture Exchange and focuses on acquiring promising mining assets. The detailed process involves several approvals, with no assurance of quick acquisitions. This strategic move aims to enhance shareholder value through diligently assessed opportunities.