GFG Resources Inc. announces today that it is electing to accelerate the expiry of outstanding share purchase warrants of the Company originally issued on October 6, 2022, March 21, 2023 and April 19, 2024. In connection with the acceleration of warrants, Alamos Gold Inc. has exercised 5,343,302 warrants for a total consideration of C$694,629. In [...]
KEY HIGHLIGHTS: Following the previously released intercept of 13.94 grams of gold per tonne over 7.1 metres GFG confirms second high-grade zone and deepest ever intercept in the Main Zone from the first hole of the H1 drill program at Aljo Mine Target . Drilled the best intercept to-date at Aljo in hole ALJ-24-012 returning 23.08 g/t Au over 7.6 m [...]
KEY HIGHLIGHTS: Completed 1,700 metre H1 drill program in 5 holes at the Aljo Mine Target . Drilled the best intercept to-date at the Aljo Hanging wall Zone in hole ALJ-24-012 returning 13.94 grams per tonne gold over 7.1 m with significant visible gold and tellurides. Assay results below 120 m depth from hole ALJ-24-012 remain outstanding with [...]
GFG Resources Inc. announces the signing of a definitive agreement for the sale of its 100% owned Rattlesnake Hills Gold Project to Patriot Gold Vault Ltd., . Under the terms of the Agreement, Patriot will pay GFG an aggregate consideration of approximately C$3.3 million . GFG and Patriot had previously announced the signing of a letter of intent [...]
GFG Resources Inc. announces that it proposes to further amend the common share purchase warrants of the Company originally issued on October 6, 2022, March 21, 2023 and April 19, 2024 . An aggregate of 5,692,359 Warrants were issued on October 6, 2022; 12,379,150 Warrants were issued on March 21, 2023; and 12,561,345 Warrants were issued on April [...]
KEY HIGHLIGHTS: Resumes drilling with 1,500 m at the Aljo Mine Target to follow-up on high-grade gold intercepts of 3.65 grams of gold per tonne over 6.3 metres , 13.35 g/t Au over 3.6 m and 6.58 g/t Au over 4.3 m. Discovers compelling new gold target within Pen Gold Project, Muskego, with sonic drill test intercepting significant mineralization in [...]
GFG Resources Inc. announced today that it proposes to extend the expiry dates and amend the exercise prices of the common share purchase warrants of the Company issued on October 6, 2022 and March 21, 2023 . After giving effect to the Proposed Amendments, each Warrant issued on October 6, 2022 and March 21, 2023 will expire on April 19, 2027; and [...]
GFG Resources Inc. announces the signing of a binding letter of intent for the sale of its 100% owned Rattlesnake Hills Gold Project to Patriot Gold Vault Ltd., . Under the terms of the LOI, which will be formalized by a definitive agreement between the parties within forty-five days , Patriot will pay GFG an aggregate consideration of [...]
GFG Resources Inc. has closed its private placement financing for gross proceeds of C$2,505,866. In connection with the Offering, Alamos Gold Inc. purchased securities to maintain their 9.9% interest in the Company. Pursuant to the Offering, GFG issued 9,278,635 units of the Company at a price of C$0.085 per Unit for gross proceeds of C$788,684 [...]
GFG Resources Inc. announces that it has issued shares pursuant to the previously announced option agreement with International Explorers and Prospectors Inc. whereby GFG can acquire a 100% interest of the WWCC Property, located 40 kilometres east of Timmins, Ontario . Pursuant to the Agreement, GFG issued a total of 2,500,000 common shares of the [...]
GFG Resources announces that the Company has received approval from the TSXV to extend the closing of its previously announced non-brokered private placement financing. The Company anticipates closing the financing on or before April 19, 2024. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall [...]
GFG Resources announce that, due to a typographical error, it has filed an amended and restated offering document dated March 8, 2024 in connection with its previously announced private placement pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, previously announced on February [...]
