GoGold Resources (GGD.TO) has closed a C$144M financing at the end of last month. The company issued just over 54 million units at a price of C$2.65 per unit, including the impact of the 15% overallotment. Each unit consists of one common share as well as half a warrant with each full warrant allowing the warrant holder to acquire an additional share for C$3.5 during a three year period.
The proceeds will be used to further advance the company’s Los Ricos projects in Mexico.
Disclosure: The author has no position in GoGold Resources. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
