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HALIFAX, Nova Scotia , Feb. 17, 2022 (GLOBE NEWSWIRE) -- 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 14,040,000 common shares (the “Common Shares”), at a price of C$2.85 per Common Share for gross proceeds of approximately C$40 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 March 8, 2022 and is subject to GoGold receiving all necessary regulatory approvals.
GoGold Announces C$40 Million Bought Deal Financing