GFG Resources Inc V.GFG

.19 non and .29 flow through

[Schmid]

AND NO Warrants!!!  Man is this property good for GFG to have driven such a hard bargain imo
Little dilution with majority of shares flow through at .29

GFG RESOURCES INC. ("GFG")
BULLETIN TYPE:  Private Placement-Non-Brokered
BULLETIN DATE:  May 8, 2020
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced April 29, 2020:

Number of Shares:	15,818,420 flow-through shares and 6,880,045 common shares
Purchase Price:	$0.2907 per flow-through share and $0.19 per common share
Number of Placees:	10 Placees

Insider / Pro Group Participation:

	Insider=Y /
Name	ProGroup=P	# of Common Shares
Aggregate Pro Group Involvement	P	26,315
[1 Placee]

Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated May 6, 2020 announcing the closing of the private placement and setting out the expiry date of the hold period. The Company must also issue a news release if the private placement does not close promptly. Note that in certain circumstances the Exchange may later extend the expiry date of the warrants, if they are less than the maximum permitted term.

[VENMan]

It's a big property i think, over 93,000 football fields. Maybe that's why no warrants. All IMO!   "Hole PEN-20-47 is the most significant intercept ever drilled on our 500-square-kilometre Pen gold project," stated Brian Skanderbeg, president and chief executive officer.