GoGold Announces Closing of C$144 Million Bought Deal Financing
GoGold Announces Closing of C$144 Million
Bought Deal Financing
Halifax, Nova Scotia--(Newsfile Corp. - November 27, 2025) -
GoGold Resources Inc. (TSX: GGD)
("GoGold", "the Company")
is pleased to announce that it has closed its previously announced
bought deal offering (the "
Offering
") of 54,245,500 units (the "
Units
") at a price of C$2.65 per offered
Unit for aggregate gross proceeds of C$143,750,575.
This includes proceeds from the full exercise of a
15% over-allotment option to purchase an additional 7,075,500 Units.
Each Unit is comprised of one
common share of the Company (a "
Common Share
") and half of one Common Share purchase warrant
(each whole warrant, a "
Warran
t"). Each Warrant shall be exercisable to acquire one Common Share (a
"
Warrant Share
") at a price of C$3.50 per Warrant Share for a period of three years from the closing of
the Offering.
The net proceeds of the offering will be used for the exploration and development of the Company's Los
Ricos projects and for general corporate purposes.
BMO Capital Markets was the sole bookrunner for the Offering, on behalf of a syndicate of underwriters.
The Common Shares were offered by way of a short form prospectus in all of the provinces of Canada,
other than Quebec.
The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as
amended (the "
U.S. Securities Act
"), or any U.S. state securities laws, and may not be offered or sold
in the "United States" or to "U.S. persons" (as such terms are defined in Regulation S under the U.S.
Securities Act)) absent registration under the U.S. Securities Act and applicable U.S. state securities
laws or in compliance with an applicable exemption therefrom. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale
of these 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
and development 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
.
For further information please contact:
Steve Low
Corporate Development
GoGold Resources
T: 416 855 0435
E:
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not
be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in
Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of
the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This
release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities
in the United States.
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 Parral tailings project, the Los Ricos project, future
operating margins, future production and processing, and 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 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 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.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/276175