GFG Resources closes C$2.5M private placement financing with Alamos Gold maintaining 9.9% stake.
GFG Resources (OTC: GFGSF) has closed its private placement financing for C$2.5M, with Alamos Gold (NYSE: AGI) purchasing securities to maintain its 9.9% stake. The offering consisted of 9.3M units at C$0.085, 9.7M flow-through units at C$0.10, and 6.1M premium units at C$0.1216. Each unit contains a common share and one-half warrant, with each whole warrant allowing the holder to buy a share at C$0.15 until 2028.
April 19, 2024
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