HALIFAX, Nova Scotia, Nov. 11, 2025 (GLOBE NEWSWIRE) -- GoGold Resources Inc. (TSX:GGD) (OTCQX:GLGDF) ("GoGold" or the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets (collectively the "Underwriters"), under which the Underwriters have agreed to buy on a bought deal basis 47,170,000 units (the "Units"), at a price of C$2.65 per Unit for gross proceeds of approximately C$125 million (the "Offering"). The offering is expected to close on or about November 27, 2025 and is subject to GoGold receiving all necessary regulatory approvals.
Each Unit will be comprised of one common share of the Company (a "Common Share") and half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable to acquire one Common Share (a "Warrant Share") at a price of C$3.50 per Warrant Share for a period of three years from the closing of the Offering.
The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. Securities sold on exercise of the over-allotment option may be comprised of additional Units, Common Shares, Warrants or any combination thereof.
The net proceeds of the offering will be ...
