GFG Resources Inc. announces that due to investor demand it has increased the size of its previously announced private placement financing to raise gross proceeds of up to C$4.2 million . In connection with the Offering, the Company is pleased to announce that Alamos Gold Inc. has committed to purchasing securities to increase their position to a [...]
GFG Resources Inc. announces a private placement to raise gross proceeds of up to C$3.0 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 increase their position to a 9.99% interest in the Company upon completion of the Offering. The Offering will [...]
KEY HIGHLIGHTS: New drill results from 8 holes continue to show strong continuity and extend high-grade gold mineralization of the Upper and Lower Footwall Zones at the Montclerg Gold Project . Hole MTC-22-036 returned near surface high-grade gold: 6.67 grams of gold per tonne over 6.0 metres in the Upper Footwall zone, up dip of holes MTC-22-035 [...]
KEY HIGHLIGHTS: Drill results from the Montclerg Gold Project continue to intersect high-grade and bulk tonnage gold intercepts demonstrating continuity and a robust gold system. Hole MTC-22-035 returned multiple gold zones: 9.85 grams of gold per tonne over 16.0 metres in the Upper Footwall zone, 30 m from hole MTC-21-005 that graded 4.82 g/t Au [...]
KEY HIGHLIGHTS: Collected 137 till and 1,030 rock samples during the 2022 summer field exploration program on the Goldarm Property in the Timmins Gold District of Ontario, Canada Results from rock sampling indicate widespread high-grade gold results from the Aljo Gold Mine target area of up to 276.00 grams of gold per tonne from outcrop, trenches [...]
KEY HIGHLIGHTS: 2022 Phase 2 drill program of approximately 4,000 metres has started with a primary focus on infill and expansion drilling at the MC West, MC Central and MC East targets at the Montclerg Gold Project in the Timmins Gold District of Ontario, Canada The Phase 2 drill program is primarily designed to test the strike and depth [...]
GFG Resources Inc. announces that it has made the first of two anniversary payments pursuant to the previously announced option agreement with International Explorers and Prospectors Inc. whereby GFG can acquire a 100% interest of the Montclerg Gold Project, located 40 kilometres east of Timmins, Ontario . Pursuant to the Agreement, GFG issued a [...]
GFG Resources Inc. has closed the oversubscribed, private placement financing for gross proceeds of C$2,051,743. As part of the Offering, GFG is pleased to announce that its strategic investor, Alamos Gold Inc. , participated in the Offering on a pro-rata basis. "The Company is pleased to close the oversubscribed financing and grateful for the [...]
GFG Resources Inc. announces that due to investor demand it has increased the size of its previously announced private placement financing to an aggregate total of up to C$2.06 million. As part of the current Offering, the Company is pleased to announce that its strategic investor, Alamos Gold Inc. , has committed to participate in the Offering on [...]
GFG Resources Inc. is pleased to announce the appointment of Ms. Natalie Pietrzak-Renaud as Vice President, Exploration effective immediately. Ms. Pietrzak-Renaud will be responsible for leading the Company's exploration programs at its gold projects in the prolific Timmins gold district in Ontario, Canada. Natalie is a Professional Geologist with [...]
In a release issued under the same headline earlier today by GFG Resources Inc., please note in the second paragraph, the price per Premium Unit has been corrected from C$0.16 to C$0.1573. The corrected release follows: GFG Resources Inc. announces a private placement to raise gross proceeds of up to C$2.0 million. The Offering will consist of any [...]
GFG Resources Inc. announces a private placement to raise gross proceeds of up to C$2.0 million. The Offering will consist of any combination of units of the Company at a price of C$0.11 per Unit; common shares of the Company that will qualify as "flow-through shares" for the purposes of the Income Tax Act at a price of C$0.13 per FT Share; and [...]
