GoGold Resources Inc T.GGD

Alternate Symbol(s): GLGDF

Metals & Mining Silver

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.

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GoGold Resources Inc > GoGold Announces C$40 Million Bought Deal Financing

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Comment by oilisswellon Feb 17, 2022 8:00pm

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Post# 34440244

RE:GoGold Announces C$40 Million Bought Deal Financing

That came out of left field! With over 50 million in the bank hard to believe they needed money at this time.

"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."

They are breaking even or very near, so why now? Must be more to the story. In the end it is a very small dilution, ~5%.

Considering the share price over the last month, $2.85 seems pretty good. Tomorrow down below $3 again???

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