GFG Resources completes $5M bought deal

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

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.