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Two Blokes Jul 18 -
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Vancouver, British Columbia - July 18, 2025 – TheNewswire - Goldgroup Mining Inc. (“ Goldgroup ” or the “ Company ”) (TSX-V:GGA, OTC:GGAZF) is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 units of the Company (“ Units ”) at a price of $0.80 per Unit for aggregate gross proceeds of up to $12,000,000 (the “ Private Placement '). Each Unit will consist of one common share (a “ Common Share ”) and one-half common share purchase warrant, with each full warrant (a “ Warrant ”) being exercisable to purchase one additional Common Share at a price of $1.10 for twenty-four (24) months from the date of issuance; provided that if the closing price of the Company's common shares on the TSX Venture Exchange (or any other stock exchange or quotation system on which the Company's common shares are then listed or quoted) for a period of 10 consecutive trading days is $1.25 or higher, the expiry date of the Warrants will be accelerated and notice given by press release (disseminated through a newswire service in Canada) at which point the Warrants will thereafter expire on the 30th calendar day after the date of the press release. The Company intends to pay finders' fees to eligible finders, in accordance with applicable securities laws and the policies of the TSX Venture Exchange (“ TSXV ”). The Private Placement is subject to approval of the TSXV, and all securities issued under the Private Placement will be subject to statutory hold periods expiring four months and one day from the date of closing of the Private Placement.
