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 [...]
GFG Resources nnounces a private placement to raise gross proceeds of up to C$3.3 million. As part of the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchase securities in the Offering to maintain their position at a 9.99% interest in the Company upon completion of the Offering. The Offering will consist of [...]
GFG Resources pursuant to the Company's annual executive compensation program, the Company announced that it has granted stock options to directors, officers, employees and senior consultants to purchase up to an aggregate of 3,590,000 common shares of the Company. The stock options have various vesting periods and are exercisable for a period of [...]
Hole ALJ-23-004 returned broad zones of anomalous gold from surface to approximately 265 m downhole in mafic volcanics below the Aljo Mine workings along with high-grade zones with visible gold including: 3.65 grams of gold per tonne over 6.3 metres including 18.40 g/t Au over 1.1 m from 125.7 m downhole; and 13.35 grams g/t Au over 3.6 m [...]