GoGold Announces C$65 Million Bought Deal Financing
NEWS RELEASE
January 23, 2023 Trading Symbols: TSX: GGD
OTCQX: GLGDF
GoGold Announces C$65 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 28,900,000 common shares (the “Common Shares”), at a price of C$2.25
per Common Share for gross proceeds of approximately C$65 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 Febr uary 8, 2023 and is subject to GoGold receiving
all necessary regulatory approvals.
The net proceeds of the offering will be used to s upport 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 wa y 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 abs ent registration or an applic able exemption from the
registration requirements. This press release shall no t 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 projec ts in Mexico. The Company operates the Parral
Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Rico s 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 statement s other than statements of historical fact, included in this release,
including, without limitation, st atements regarding the Los Ricos South and North projects, and future
plans and objectives of GoGold, including the intent ion to undertake further exploration at Los Ricos
North, and the prospect of further discoveries there, 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 co nnection with the continuance of GoGold and its
subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy
of mineral resource estimates, and the performance of the Parral project. There can be no assurance
that such information will prove to be accurate and actual results 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 GoGold’s projects, the failure to establish estimated
mineral resources or mineral reserves, volatility of co mmodity 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]