GFG Resources completes $5M bought deal

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By Ted Liu

GFG Resources Inc. (TSX-V: GFG; OTCQB: GFGSF) has closed previous announced bought deal of 4,350,000 common shares at CDN $1.15 per share for gross proceeds of CDN $5,002,500.

The offering was conducted through a syndicate of underwriters led by Cormark Securities Inc. and including Macquarie Capital Markets Canada Ltd, BMO Capital Markets and Mackie Research Capital Corporation.

Proceeds will be used towards GFG’s 2017 exploration drilling program at its 100% controlled Rattlesnake Hills Gold Project in Wyoming, U.S. and for general corporate purposes.

photo credit: GFG Resources