GoGold Announces C$40 Million Bought Deal Financing
NEWS RELEASE
February 17, 2022 Trading Symbols: TSX: GGD
OTCQX: GLGDF
GoGold Announces C$40 Million Bought Deal Financing
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,
PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN
WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
HALIFAX, Nova Scotia – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold” or the
“Company”) has announced today that it has entered into an agreement with a syndicate of underwriters
led by BMO Capital Markets (collectively the “Underwriters”), under which the Underwriters have agreed to
buy on bought deal basis 14,040,000 common shares (the “Common Shares”), at a price of C$2.85 per
Common Share for gross proceeds of approximately C$40 million (the “Offering”). The Company has
granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the
closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.
The offering is expected to close on or about March 8, 2022 and is subject to GoGold receiving all necessary
regulatory approvals.
The net proceeds of the offering will be used to support the continued advancement of the Company’s Los
Ricos North and South projects and for general corporate purposes.
The Common Shares will be offered by way of a short form prospectus in all of the provinces of Canada,
other than Quebec, and may also be offered by way of private placement in the United States. The securities
offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful.
About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian -based silver and gold producer focused on operating,
developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral
Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration
projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high
margin projects. For more information visit gogoldresources.com.
CAUTIONARY STATEMENT
This news release may contain "forward-looking information" as defined in applicable Canadian securities
legislation. All statements other than statements of historical fact, included in this release, including, without
limitation, statements regarding the timing and completion of the Offering, the intended use of proceeds
from the Offering, and the future plans and objectives of GoGold, constitute forward-looking information that
involve various risks and uncertainties. Forward-looking information is based on a number of factors and
assumptions which have been used to develop such information but which may prove to be incorrect,
including, but not limited to, assumptions in connection with the completion of the Offering, general
economic and market conditions, mineral prices and the accuracy of mineral resource estimates. There
can be no assurance that such information will prove to be accurate and actual result s and future events
could differ materially from those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from GoGold's expectations include
exploration and development risks associated with the GoGold's projects, the failure to establish estimated
mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates and global
economic conditions. For additional information with respect to risk factors applicable to GoGold, reference
should be made to GoGold's continuous disclosure materials filed from time to time with securities
regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information
contained in this release is made as of the date of this release.
For further information please contact:
Steve Low
Corporate Development
GoGold Resources Inc.
T: 416 855 0435
Email: [email protected]