Opinion Independent Reports Important Ontario Gold Properties Acquisition...

Important Ontario Gold Properties Acquisition Completed

Streetwise Reports, Streetwise Reports

0 Comments| March 20, 2018

GFG Resources Inc. (GFG:TSX.V; GFGSF:OTCQB) and Rapier Gold Inc. (RPR:TSX.V) recently announced they have completed a transaction where GFG acquired all of the shares of Rapier, both issued and outstanding.

According to GFG, "the Arrangement was an integral part of the Company's recent land consolidation west of the prolific gold mining district of Timmins, Ontario."

GFG now oversees 700 square kilometers of gold assets in Ontario and Wyoming. The issued and outstanding common shares of Rapier were exchanged on the basis of 0.15 of a GFG common share for each Rapier common share.

"We are very pleased to complete the Rapier acquisition and welcome all Rapier shareholders and stakeholders. Our recent land consolidation in Ontario leverages our skill set and complements our strategy to control district scale gold projects that are highly prospective and located in tier one mining jurisdictions. We are excited about the discovery potential within this gold belt and will immediately begin to aggressively advance and explore our new 565 km2 land package," said Brian Skanderbeg, president and CEO of GFG.

Bob Moriarty of 321 Goldcommented on the deal the end of January when it was just taking shape, "In December of 2017 GFG announced a takeover deal with Rapier Gold and acquisitions of projects from Probe Metals and Osisko Mining in the Timmins District in Ontario. Not only will there be measurable progress twelve months a year, GFG can keep their technical people hard at work year round. I love the deal."

Craig Stanley, with Eight Capital, noted, "In addition to the acquisitions, GFG also announced a non-brokered private placement to raise gross proceeds of up to $7 M consisting of $2 M in flow-through common shares at $0.55/share and $5 M at $0.50/unit (one common share and one-half of a warrant with each whole warrant exercisable at $0.75 for 24 months). Pro forma, GFG will have approximately 87.1 M shares of which 58% will be held by current GFG shareholders, 17% held by Rapier shareholders, 7% held by Probe Metals, 1% held by Osisko Mining and 16% held by the purchasers of the Financing. Details about work programs on the newly acquired properties will be forthcoming, though GFG management expects to commence drilling as early as Q2/18.”

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GFG Resources Inc.

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Disclosure:
1) Jake Richardson compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
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Disclosures from Eight Capital, GFG Resources Inc., Comment, Dec. 12, 2017

Conflicts of Interest: Eight Capital has written procedures designed to identify and manage potential conflicts of interest that arise in connection with its research and other businesses. The compensation of each Research Analyst/Associate involved in the preparation of this research report is based competitively upon several criteria, including performance assessment criteria, the quality of research and the value of the services they provide to clients of Eight Capital. The Research Analyst compensation pool GFG Resources Inc. includes revenues from several sources, including sales, trading and investment banking. Research analysts and associates do not receive compensation based upon revenues from specific investment banking transactions.

Eight Capital generally restricts any research analyst/associate and any member of his or her household from executing trades in the securities of a company that such research analyst covers, with limited exception.

Research Analyst Certification
Each Research Analyst and/or Associate who is involved in the preparation of this research report hereby certifies that:

• the views and recommendations expressed herein accurately reflect his/her personal views about any and all of the securities or issuers that are the subject matter of this research report;

• his/her compensation is not and will not be directly related to the specific recommendations or views expressed by the Research Analyst in this research report;

• they have not affected a trade in a security of any class of the issuer whether directly or indirectly through derivatives within the 30-day period prior to the publication of this research report;

• they have not distributed or discussed this Research Report to/with the issuer, investment banking at Eight Capital or any other third party except for the sole purpose of verifying factual information; and

• they are unaware of any other potential conflicts of interest.

The Research Analyst involved in the preparation of this research report does not have any authority whatsoever (actual, implied or apparent) to act on behalf of any issuer mentioned in this research report.

IIROC Rule 3400 Disclosures are available here.

Disclosures from Bob Moriarty, Jan. 29, 2018

Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: GFG Resources. GFG Resources is an advertiser on 321 Gold.

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