GoGold Announces Closing of C$144 Million Bought Deal Financing
GoGold Resources Inc. (TSX: GGD) is pleased to announce that it has closed its previously announced bought deal offering of 54,245,500 units at a price of C$2.65 per offered Unit for aggregate gross proceeds of C$143,750,575.
This includes proceeds from the full exercise of a 15% over-allotment option to purchase an additional 7,075,500 Units. Each Unit is comprised of one common share of the Company and half of one Common Share purchase warrant. Each Warrant shall be exercisable to acquire one Common Share at a price of C$3.50 per Warrant Share for a period of three years from the closing of the Offering.
The net proceeds of the offering will be used for the exploration and development of the Company’s Los Ricos projects and for general corporate purposes.
BMO Capital Markets was the sole bookrunner for the Offering, on behalf of a syndicate of underwriters. The Common Shares were offered by way of a short form prospectus in all of the provinces of Canada, other than Quebec.
The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws, and may not be offered or sold in the “United States” or to “U.S. persons” (as such terms are defined in Regulation S under the U.S. Securities Act)) absent registration under the U.S. Securities Act and applicable U.S. state securities laws or in compliance with an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About GoGold Resources
GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.
