GoGold Resources Inc T.GGD

Closing of C$46 Million Bought Deal Financing

[Betteryear2]

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WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

HALIFAX, NS, March 8, 2022 /CNW/ - GoGold Resources Inc. (TSX: GGD) ("GoGold" or the "Company") is pleased to announce that it has closed its previously announced bought deal offering (the "Offering") of 16,146,000 common shares (the "Common Shares") at a price of C$2.85 per Common Share, for aggregate gross proceeds of approximately C$46 million, including proceeds from the full exercise of the over-allotment option to purchase an additional 2,106,000 Common Shares.

 

[oilisswell]

Market is reacting as if this was new news! News came out days ago, was posted to my BMO at 8:18 ET (before the market opened) and it took till noon to affect the SP. I guess that is when the traders wake up LOL As before this will pass within a couple of days. Gold and silver pushing much higher. With this closing GGD intends to add more drilling rigs and pursue exploring the Jamaica claims

[tsoprano24]

My guess, since Sprott is involved in PP, is he is selling. I know most people think the stock is locked up but, let's be honest, this is Sprott. He can sell stock he had earlier bought, he could be shorting against the box, who knows what. With silver breaking out we will be okay. Just gonna take time to work thru his overhang. Amazes me he still can get sweetheart deals with his reputation.&

[Crypto2018]

Don't loose sight of why they want to have 90 million in the bank  it's all part of a big play !!!

[oilisswell]

So true. They will need 125 million in 2023 to move ahead on LRS! If metals stay solid, Parral will cover expenses and maybe even top up their bank account. Let's get the drill results re-started!